Claims / Legal
Year-End 2020 Loss Reserve Redundancy for Workers Comp Hits $14B: NCCI
Workers compensation insurers continue to stow away more money than necessary in reserves, even as reported loss ratios continue to climb, according to a report released last Wednesday by the ...
James River Unloads Rideshare Reserves To Uber Captive
Late last week, James River Group Holdings, Ltd. announced that two of its principal operating subsidiaries entered into a loss portfolio transfer reinsurance transaction with a wholly owned captive ...
The Global Construction Industry’s Climate Change Responses Could Drive New Opportunities: Marsh
Climate change and the race to net zero greenhouse gas emissions are arguably the greatest challenges that face the construction industry — but they will drive new opportunities, according to a ...
Wells Fargo Loses Bid to Dismiss Shareholder Fraud Claims Over Its Recovery From Scandals
A federal judge on Thursday rejected Wells Fargo & Co's bid to dismiss a lawsuit claiming it defrauded shareholders about its ability to rebound from five years of scandals over its treatment of ...
Amazon Reaches Settlement With Employees Allegedly Fired for Criticizing Work Conditions
Amazon.com Inc and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year for ...
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
Three U.S. Drug Distributors Will Pay $75M to Resolve Opioid Claims With Native American Tribe
The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation's territory in Oklahoma, marking the first settlement ...
United Nations Development Arm Starts Disaster Insurance Program
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural ...