Claims / Legal
‘Look Ma, No Hands’ on Car Steering Wheel Still Some Way Off
When General Motors Co Vice Chairman Steve Girsky slid into a Cadillac SRX luxury crossover vehicle specially equipped to drive itself, his reaction echoed that of many consumers as more self-driving ...Toyota Wins California Wrongful Death Lawsuit Over Acceleration Issues
A jury in California on Thursday found Toyota Motor Corp not liable in one of the first wrongful death lawsuits to go to trial in the United States over alleged defects that caused some vehicles to ...
Top 10 Market Conduct Complaints Against P/C Insurers
Failure to handle claims within specified time frames and using unapproved forms and rates are the top two criticisms of property/casualty insurers by market conduct regulators, according to a new ...
Downgrade of Tower Group to B++ Likely to Have Further Negative Effects: A.M. Best
A.M. Best Co. announced Tuesday that the rating agency has downgraded the financial strength rating of members of Tower Group to B++ (Good) from A- (Excellent), one day after the company itself ...
Will Biggert-Waters Save the Flood Insurance Program? No, It’s Not Even Close
The Biggert-Waters Flood Insurance Reform Act (Biggert-Waters) was enacted in 2012 with the goal of reforming and thereby saving the National Flood Insurance Program (NFIP). It is a well-meaning and ...
Stanford Case Triggers Supreme Court Clash Over Securities Laws
The U.S. Supreme Court debated the reach of the federal securities laws, questioning whether investors can sue law firms and outside companies for their alleged roles in R. Allen Stanford's $7 ...
Tower Reserve Charge Prompts Fitch Downgrade, Carrier Review of Options
Tower Group International, Ltd. announced reserve and goodwill charges representing over 60 percent of year-end 2012 shareholder's equity Monday, prompting Fitch Ratings to cut the financial strength ...Gulf Workers Return to Offshore Platforms as Karen Weakens
BP Plc, Enbridge Inc. and other companies returned workers to production platforms Sunday after Tropical Storm Karen was downgraded to a depression and passed by offshore assets on its way toward the ...