Claims & Reserving
Supreme Court Justices Grapple with Rules for Class Actions
U.S. Supreme Court justices sought a middle ground to preserve class-action shareholder lawsuits as they heard a case testing the legal rules that have fostered thousands of cases over the past ...
N.Y.’s ‘Scaffold’ Law Increases Injuries, Costs $3B a Year: Study
A study published this month challenges the claim that New York's Labor Law 240, also known as the "Scaffold Law," improves workplace safety. The study argues New York incurs additional workplace ...
Court Rejects BP Appeal of Gulf Oil Spill Settlement Terms
BP Plc must abide by terms of a $9.2 billion settlement it reached with victims of the 2010 oil spill, a federal appeals court ruled in rejecting the company's objections that the deal is being ...
Wanna’ Get Away? Severe Winter Making It Tough
Severe winter weather cost U.S. airline passengers $5.3 billion in expenses and missed workdays as carriers canceled and delayed trips in the worst period of flight disruption since Sept. 11. The ...
Guy Carpenter’s Satellite Imaging Service Assisting Insurers with UK Floods
Reinsurance specialist Guy Carpenter & Co. recently launched a satellite-based catastrophe evaluation service, GC CAT-VIEWSM, which it is already using to provide clients affected by the recent ...
Obamacare Could Lead to Medical Cost-Sharing, Other Effects on P/C: IRC
The property/casualty insurance industry is likely to face cost shifting by hospitals, physicians and other medical providers due to the Patient Protection and Affordable Care Act (ACA), according to ...
Insurers Welcome New York Court’s Reversal in K2 Breach Liability Case
Insurance trade groups are welcoming the New York Court of Appeals' reversal of its June 11, 2013, decision on K2 Investment Group, LLC v. American Guarantee & Liability Insurance Co., a case ...
Vermont Hopes LIMA Law to Attract Runoff Business Mirrors Success of Captives
A new law in Vermont would soon authorize the state to license and regulate specialized Vermont-based companies whose only purpose would be to assume and manage closed blocks of non-admitted ...