Claims & Reserving
2012 Saw Record-Breaking $17.3 Billion in Crop Losses; Top 10 States Ranked
The Federal Crop Insurance Program paid out a record-breaking $17.3 billion in crop losses last year, according to a report by the Natural Resources Defense Council (NRDC). Damage caused by drought, ...
July Hailstorms in Germany Could Cost $2B: AIR Worldwide
Losses for the severe hailstorms that hit Germany in late July are estimated to be as high as $2 billion, making it one of the 10 costliest natural disasters in German history, according to ...
Big Malpractice Awards Don’t Increase Medical Costs: Cohen
A jury in one of New York's most conservative counties recently returned a $130 million verdict in a medical-malpractice case, the second-largest in the state's history. Lawyers for the losing ...
States Weaken Commercial Host Liability Laws: Study
A new report says that in recent years many states have enacted legislation to protect retailers from commercial host liability by increasing the evidentiary requirements, limiting the amount of ...
Assured Guaranty, JPMorgan Agree to End Mortgage Litigation
Assured Guaranty Ltd. and JPMorgan Chase & Co. agreed to settle lawsuits filed by the bond insurer accusing the bank's EMC Mortgage and Bear Stearns units of making misrepresentations about ...
Penn State Settles First of Sandusky Sex Abuse Lawsuits
Pennsylvania State University agreed to settle the first of 31 suits filed in the sex-abuse scandal involving ex-football coach Jerry Sandusky, with about 25 more set to settle, lawyers in the ...
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
U.S. Regulator Wants Auditors to Add Commentary, Not Analysis
Auditors know a lot about what lurks between the extremes of "pass" or "fail" - the only grades they are now permitted to assign to corporate financial statements - and the U.S. board that oversees ...