Claims / Legal
Texas Utility Sues Power Grid Operator, Alleging ‘Excessive’ Cold Snap Charges
The largest city-owned utility in Texas on Friday sued the state's grid operator alleging it levied "excessive" power prices during a February deep freeze, and seeking to bar the grid from issuing a ...
Some States Continue Mulling Mandatory Business Interruption Cover
Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies do not cover their losses from the pandemic, lawmakers in a ...
Microsoft Reportedly Stands to Gain Large Share of New U.S. Cyber Spending
Microsoft stands to receive nearly a quarter of Covid relief funds destined for U.S. cybersecurity defenders, sources told Reuters, angering some lawmakers who don't want to increase funding for a ...
Most Customers Are Digitally Transmitting Photos or Videos When Filing Property Claims: J.D. Power
More than two-thirds of insurance customers are now digitally transmitting photos or videos when filing property claims, decreasing claim cycle times and helping drive the highest overall ...
February Polar Vortex Led to Record U.S. Winter Weather Economic Losses: Aon
Blame the Polar Vortex and the resulting drastic U.S. winter weather for generating record direct economic losses and more carrier headaches. Direct economic losses from those Polar Vortex-driven ...
Microsoft Warns Ransom-Seeking Hackers Are Taking Advantage of Server Flaws
Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft's widely used mail server software, the company said early Thursday - a serious escalation that could ...
Nordstrom Lawsuit Argues Civil Unrest Was Single Event With Only 1 Deductible Owed
Nordstrom Inc. has filed suit against its insurers, seeking a court declaration that they must treat nationwide civil unrest last spring and summer as a single occurrence rather that separate events ...
Insurers, Reinsurers Ready for Fight Over UK COVID-19 Business Interruption Payments
Top insurance companies, ordered by Britain's highest court to pay thousands of small businesses millions of pounds in claims for COVID-19 disruption, are facing a battle with reinsurers over who ...