Claims / Legal
Judge Delays Ruling On SAC’s ‘No Admission’ Settlement With SEC, Pending Citigroup Outcome
A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially ...Flood Insurance Premiums to Rise, FEMA Chief Warns
The head of the Federal Emergency Management Agency said people who buy federal flood insurance need to plan for big rate hikes. FEMA Director Craig Fugate said some people now paying hundreds of ...
Modern Fire Science Prompts Reviews of Past Arson Convictions
Ed Graf was given life in prison 25 years ago for killing his two stepsons by locking them in a backyard shed and setting it on fire. Two investigators used photos of the shed's remains to persuade ...
Supreme Court Delivers Another Setback to Class Actions in Comcast Ruling
The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in a case over how much it charged a group of cable TV subscribers, the latest blow against consumers hoping to pursue class action ...
The Underwriting-Claims ‘Disconnect’ in Casualty Insurance: An ERM Issue?
There are good business reasons why claims and underwriting professionals of casualty insurance carriers don't talk to each other about claim denials, underwriting executives said last week, with one ...Federal Court’s Damages Cap Ruling Not Binding on Mississippi’s State Courts
A Fifth Circuit Court of Appeals' decision that Mississippi's $1 million cap on non-economic damages arising from civil litigation does not violate the state constitution's separation of powers ...
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...Kentucky Supreme Court Disbars ‘Godfather’ of Class Actions
An Ohio attorney known as the godfather of the modern class-action lawsuit was disbarred Thursday by the Kentucky Supreme Court, which cited Stanley Chesley's actions in a $200 million settlement ...