Claims / Legal
New York Widens Probe Into Insurers’ Compliance with Iran Sanctions
Zurich Insurance Group AG is among companies being questioned by New York's insurance regulator in a widening investigation into compliance with a law imposing sanctions against Iran, a person ...
First-Half Insured Disaster Losses $20B Globally: Impact Forecasting
Insured losses from natural disasters around the globe reached $20 billion in the first six months of 2013, but still fell 20 percent below last year's first-half figure of $25 billion, according to ...Vitamin Water Lawsuit To Proceed As Class Action
A judge on Thursday recommended that a case challenging the claims on popular Vitamin water drinks as misleading move forward as a class-action lawsuit. Attorneys representing the health-advocacy ...
Intact Financial to Report $248 Million in Losses From Floods in Canada
Intact Financial Corp., the largest property and casualty insurer in Canada, will record losses of C$257 million ($248 million) from flooding in Alberta and Toronto, and a train explosion in Quebec. ...
Full Disclosure: Climate Change May Prove Risky For Insurers
Insurance companies are in a tricky position when it comes to the issue of climate change. On the one hand, virtually all of them insure policyholders facing the risk of a climate change liability ...
Long-Buried Seawall Protected Homes From Hurricane Sandy’s Record Storm Surge
Picture two residential beach communities on the New Jersey shore: Bay Head and Mantoloking, which side-by-side in Ocean County on a narrow barrier island that separates the Atlantic Ocean and ...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...
World Trade Center Developer Denied Right to Pursue $3.5B From Airlines
Real estate developer Larry Silverstein was denied the right to seek $3.5 billion from airlines whose planes were hijacked by terrorists and flown into the World Trade Center's twin towers on Sept. ...