Claims / Legal
NY Judge To Rule If WTC Developer Can Seek Damages Beyond Insurance Payments From Airlines
A federal judge is days away from deciding if New York developer Larry Silverstein can recover as much as $3.5 billion from airlines for damages to the World Trade Center on Sept. 11, 2001, on top of ...
Form F, ORSA Rules Open New Windows For Insurance Regulators
Executives of property/casualty insurers are getting comfortable with the idea that they have to file Enterprise Risk Reports and Own Risk and Solvency Assessments (ORSA) with U.S. insurance ...
What About Transparency?
Provisions protecting proprietary strategic information are necessary as insurance groups start to file Enterprise Risk Reports in 2014, according to property/casualty insurance carrier ...
XL Among Insurers of Railway Involved in Deadly Quebec Explosion
XL Group Plc said it's among the insurers of the railroad involved in Canada's worst train disaster in 27 years. XL "can confirm that we are an insurer of the Montreal, Maine & Atlantic Railway," ...
Texas Taxpayers Off Hook for Unfunded Losses of Windstorm Plan, Says AG Abbott
Texas' attorney general says the state is under no obligation to pay outstanding claims for the insurer of last resort for coastal properties should that organization not have sufficient funds to pay ...
Chubb Estimates Q2 Cat Losses at $240M
The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax). The company said that ...
Sandy Collector Auto Claims: A CEO’s Takeaways From The Nation’s 3rd-Worst Insurance Disaster
Superstorm Sandy made landfall October 29, 2012, crossing the coast of New Jersey and creating damage in a widespread path up and down the East Coast. Sandy, a post-tropical cyclone, caused more ...
Insured Damage from European Floods Will Near $3.8B, Says Munich Re
Flooding in Europe last month will cause more than 12 billion euros ($15.5 billion) of damage, the year's most expensive natural catastrophe, according to Munich Re, the world's biggest reinsurer. ...