Claims / Legal
KKR Buying Insurance Claims Firm Mitchell in $1B Deal
KKR & Co., the private-equity firm led by Henry Kravis and George Roberts, agreed to buy Mitchell International Inc., the first buyout by the firm's technology group since the head of the team ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...
S&P Calls Federal Lawsuit ‘Retaliation’ for U.S. Downgrade
Standard & Poor's said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in "retaliation" for its 2011 decision to strip the country of its "AAA" credit rating. The ...
P/C Loss Reserve Cycles Are Real: AM Best Analysis
The idea that carriers release loss reserves when property/casualty insurance markets soften and strengthen them in hard markets is more than a theory, according to a new analysis by rating agency ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...
SAC Capital Civil Suit Should Be Delayed, U.S. Says
A civil forfeiture lawsuit against SAC Capital Advisors LP should be put on hold while prosecutors continue their criminal case against the hedge fund over alleged insider trading, the U.S. told a ...
U.S. Banks’ $100 Billion Legal Tab for Financial Crisis Exceeds Combined Profit
The six biggest U.S. banks, led by JPMorgan Chase & Co. and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to ...
Big Malpractice Awards Don’t Increase Medical Costs: Cohen
A jury in one of New York's most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state's history. Lawyers for the losing ...