Claims / Legal
Tokio Marine Probes Validity of Greensill Insurance Policies Following Finance Firm’s Insolvency
Japanese insurer Tokio Marine Holdings Inc said on Wednesday it is investigating the validity of insurance policies provided by its Australian unit to speciality finance firm Greensill. Greensill ...
Corvus Secures $100M VC Infusion; Expansion Planned for Smart Cyber Cover and More
Corvus Insurance is prepping a major expansion and surge in product development now that it has secured $100 million in new venture capital financing. Insight Partners led the Boston startup's Series ...
Insurers, Abuse Victims Criticize Boy Scouts Reorganization Plan
The official committee representing child sex abuse victims in the Boy Scouts of America bankruptcy has agreed to give the BSA more time to respond to a lawsuit challenging BSA's claims that several ...
Microsoft Outlook Patch Not Preventing ‘Active Threat,’ White House Warns
The White House on Sunday urged computer network operators to take further steps to gauge whether their systems were targeted amid a hack of Microsoft Corp's Outlook email program, saying a recent ...
GEICO Suit Claiming It Overcharged on Auto Insurance During Pandemic Moves Forward
The auto insurer GEICO Corp, a unit of Warren Buffett's Berkshire Hathaway Inc, must face a proposed class action claiming it overcharged policyholders as the coronavirus pandemic led to less driving ...
Personal Auto Insurance Profits Unsustainable, Fitch Says
Highly profitable sub-90 personal auto combined ratios recorded by 10 publicly traded property/casualty insurers in 2020 don't look anything like the 106 recorded in 2016. But they're headed in that ...
After Pandemic Legal Tussles, Insurers Rewrite Business Policies
U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt ...
E&O Cyber Incidents Exploded in 2020: Aon
Aon released its first ever Errors & Omissions/cyber insurance product snapshot and it presents a pretty dire snapshot of worsening conditions. There were on average three new E&O cyber ...