Claims & Reserving
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
Payment Partners Could Face Lawsuits, Fines in Target Data Breach
Companies that help Target Corp process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer over the holiday shopping ...
Top Jury Awards in 2013
U.S. juries awarded three verdicts of $1 billion or more for the third straight year in 2013, topped by a $1.2 billion award against Dow Chemical Co., the largest ever in a price-fixing case. Second ...
Economic Losses from Europe’s December Windstorms Put at $2.25B
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, said that Windstorms Xaver and Dirk could combine to cause more than $2.25 billion in economic damages ...
Rotting Wood in New Homes Built After Katrina May Spark Legal Action
Actor Brad Pitt's Make It Right Foundation, which has built 100 energy-efficient new homes in the Hurricane Katrina-ravaged Lower 9th Ward in New Orleans, is considering legal action against the ...
WCRI Studies Link Fee Schedules to Lower Payments
States that do not have a fee schedule in place are likely to pay more for workers compensation-related medical services, according to two Workers Compensation Research Institute studies that ...
CoreLogic Acquires Catastrophe Modeler EQECAT
CoreLogic, an Irivine, Calif. company that provides the insurance, financial services and real estate industries with data and analytics, has acquired catastrophe modeling firm EQECAT from ABS Group. ...
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...