Claims / Legal
Trustee Sues Ex-MF Global CEO Corzine; Insurance Cover Uncertain
Jon Corzine was sued by the bankruptcy trustee liquidating MF Global Holdings Ltd, who accused the former chief executive of negligently pursuing a high-risk business strategy that culminated in the ...
News Corp., Shareholders Agree To Phone Hacking Deal; Insurers To Pay $139M
News Corp. will receive $139 million worth of insurance proceeds in a rare cash settlement that resolves a lawsuit by shareholders alleging the board failed to investigate the company's phone hacking ...
BP’s Legal Gamble May Trim Spill Bill By Billions: Analysis
BP Plc's attempt to get a U.S. federal court to pin at least a sizeable amount of the blame for the Deepwater Horizon disaster on other companies may have saved it billions of dollars. After failing ...
Halliburton In Gulf Spill Settlement Talks
Halliburton Co is in "advanced" talks to settle private claims against it in a trial to determine blame for the 2010 Gulf of Mexico spill, the oilfield services company said on Monday, as it booked a ...
Fitch Commercial Lines Analysis: Workers’ Comp Weak; Med Prof Deteriorating
Accident-year loss ratios for all major commercial insurance lines except medical professional liability insurance improved in 2012, but none of them produced an accident-year underwriting profit ...
Using Big Data To Improve Homeowners Insurance Products
There is no doubt that so-called Big Data is changing the way many companies do business. The volume of information being generated by web activity is growing exponentially and the technology has ...Texas Fertilizer Co. Didn’t Disclose Hazard Chemical Levels To DHS
The fertilizer plant that exploded last Wednesday, obliterating part of a small Texas town and killing at least 14 people, had last year been storing 1,350 times the amount of ammonium nitrate that ...
Florida Sues BP On 3-Year Anniversary Of Oil Spill
Florida's attorney general has filed a lawsuit against BP and Halliburton on the three-year anniversary of the 2010 Gulf oil spill. Pam Bondi filed the 40-page lawsuit Saturday in federal court in ...