Claims & Reserving
Ebola Vaccine Makers Offered Legal Immunity by HHS
The U.S. Department of Health and Human Services on Tuesday offered liability protections to drug makers rushing to develop Ebola vaccines and urged other countries to follow suit. Health and Human ...
Heard at PCI Meeting: Reserve Covers, Capital Relief Deals Are Growing Trend
They may not be the new black, but references to adverse development covers and capital relief solutions and cropped up more than once in conversations with reinsurance market participants during the ...
Takata Irks Regulators by Rejecting Broader Air Bag Recall Request
The top U.S. auto-safety regulator told lawmakers there is no way Takata Corp. can justify limiting an air bag recall to only high-humidity states. David Friedman, the deputy administrator for the ...
AIG Bailout Lawsuit Closing Arguments Expected This Spring
Hank Greenberg's legal assault on the U.S. government and the terms imposed in its 2008 bailout of American International Group Inc. brought a parade of financial crisis superstars to a Washington ...
Hack Attack Hits Sony Pictures Entertainment Hard
Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio. Before Sony ...
Polar Vortex is Spiking 2014 Winter Storm Losses: I.I.I.
Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. You can thank the polar vortex for much of the ...
Hurricane Sandy Victims Allege Companies Manipulated Claims Reports
Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages ...
Liberty Mutual Launches New Cyber Coverage Products
Liberty Mutual is beefing up its commercial and business policies with enhanced, flexible cyber coverages – yet another major insurer responding to the growing risk of computer-related data ...