Claims / Legal
Kemp Column: Bracing For the Big One; Solar Storm Risk For Power Grids, GPS
Power networks, pipelines, radio communications and the global positioning system (GPS) are all entering a period of increased risk of outages from geomagnetic storms as the solar activity cycle ...BP to Appeal ‘Absurd’ Oil Spill Claims Payments
A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico ...
Guide To Preventing Class-Action Disasters Arising From Natural Catastrophes
According to recent estimates, total insured losses for Superstorm Sandy will total at least $25 billion. This figure dwarfs the $4.5 billion in estimated losses caused by Hurricane Irene in 2011. ...
Fed Approves Process for Designating Nonbanks for Stricter Regulation
The U.S. Federal Reserve said on Wednesday that it had approved a final rule to clarify the process the new U.S. risk council will follow when it begins designating nonbank financial firms for ...
Will Britain’s New Financial Regulatory Bodies Curb Excesses?
Britain launched its new system of financial supervision on Tuesday, hoping that two new regulators will succeed where a single one failed in preventing banking crises and protecting consumers from ...
Twitter, Facebook Disclosures Okay, SEC Says
As long as companies alert investors about which social media outlet they plan to use in advance, they can use outlets like Facebook and Twitter to disclose key information, the Securities and ...
Direct Writers’ Call Centers Lag Agents in Claims Service Quality: J.D. Powers
More property owners are filing claims with call centers run by direct writing insurers or online but these customers are less satisfied than those who file their claims using agents, new research ...