Claims / Legal
Crash Alert: Why It’s Time for More Auto Insurance Rebates
Two insurance research analysts are warning about dangerous trends shaping up on America's roadways and asking auto insurance leaders to consider offering one-time rebates to incentivize safer ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...
Federal Lawmakers Probing CNA Ransom, Cyber Insurance Payouts
Late last week, federal lawmakers requested information from Chicago-based insurer CNA about a March 21 cyber attack on the company and about a reported $40 million ransom CNA paid to end the ...
Despite Pandemic, 2020 U.S. Traffic Deaths Highest In 13 Years
Even though Americans drove less in 2020 due to the pandemic, early estimates of crash fatalities from the U.S. Department of Transportation's National Highway Traffic Safety Administration released ...
Telematics: It’s Not Just for New Business Pricing Anymore
GEICO had the right idea about following Progressive—and the majority of top auto insurers—into the world of telematics, but the benefits of the technology go well beyond matching rate and risk ...
PG&E Must Fork Over $150M for Botched Blackouts and Recent Wildfires
Pacific Gas & Electric is getting hit with a nearly $150 million billion for neglect that caused Northern California wildfires during the past two years and mismanagement of blackouts designed to ...
Australia May Cap Fees for Class Action Funders and Lawyers
Australia is considering capping fees for litigation funders and lawyers, and guaranteeing a minimum rate of return for plaintiffs, in its latest clamp down on the industry following a surge in ...
COVID Took a Big Bite From Multiline Insurers’ Earnings But Profit Remained: S&P
The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit of $36 billion, according to a report published by S&P Global ...