Claims / Legal
Insurers Oppose Pittsburgh Corning Bankruptcy Exit Plan
Insurers fighting Pittsburgh Corning Corp.'s reorganization have asked a judge to rescind her initial approval of the building-supply company's plan to exit bankruptcy. U.S. Bankruptcy Judge Judith ...
DriveID Can Block or Track Driver’s Mobile Use
Fleet managers and parents of teenager drivers were given another weapon in their battle against distracted driving on Tuesday. That's according to Cellcontrol, the maker of technology to stop ...
MPLI Lagging Commercial Lines Underwriting Cycle
Medical professional liability insurance (MPLI) is a smaller specialty property/casualty insurance underwriting segment that has generated strong annual underwriting profits since 2006, considerably ...
U.S. Needs Stronger Action Against Trade Secret Theft by China: Commission
Theft of trade secrets, chiefly by China, costs the U.S. economy $300 billion a year and must be fought with sanctions as tough as those used against terrorism and drug trafficking, an advisory panel ...
P/C Loss Reserve Position Stronger, Conning Says
The property/casualty insurance industry's loss reserve position improved in 2012, according to analysts at Conning, who estimate an overall redundancy of 3.3 percent of carried reserves in spite of ...
AIG Sues Convicted U. of Virginia Killer Huguely Over Insurance Probe
George W. Huguely V, the ex-University of Virginia lacrosse player convicted of murdering his sometime girlfriend in May 2010, was sued by American International Group Inc. over his refusal to ...
Third-Party Litigation Funding Appears On Rise But Who Really Knows?
While third-party litigation funding has just started to grab headlines in the United States, the funding method has been used in Europe for some time. People in the United States didn't see a need ...
Oklahoma Tornado Damage Likely to Exceed Joplin
The damage from Monday's tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John ...