Claims / Legal
Anadarko To Face Narrowed Gulf Spill Shareholder Lawsuit
A federal judge ordered Anadarko Petroleum Corp, which owned part of the blown out well at the center of the 2010 Gulf of Mexico oil spill, to face a lawsuit accusing it of defrauding shareholders, ...
Google & Microsoft: Enemies In Court, Frenemies In Congress
Even as they battle in courts over smartphone and video technology, Microsoft Corp. and Google Inc. have discovered a common foe: patent owners who try to sue their customers or go after an entire ...
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 ...