Claims & Reserving
Ethiopian Airlines Crash Could Become Largest Non-War Aviation Reinsurance Claim on Record: Willis Re
Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers' ...
Extreme Weather Makes Weather Trackers Valuable to Insurers, Banks, Commodity Traders
Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. The senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an ...
J&J Reaches Confidential Settlement Over Another Baby Powder Asbestos Suit
Johnson & Johnson reached a confidential settlement resolving an Oklahoma lawsuit alleging its iconic baby powder caused a 77-year-old woman to develop a rare cancer connected to asbestos ...
‘FEMA Is Worthless’ as U.S. Midwest Farms Pursue Post-Flood Recovery Process
Missouri farmer Richard Oswald needs a lot of help to recover from flooding that left his home and farm looking like a manmade island in an inland sea. Relief groups are giving tetanus shots and ...
Ransomware Demands Soar Along With Cyber Claim Costs: NAS Report
Cybercrime claims by policyholders outside the healthcare sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as ...
OxyContin Maker Purdue Settles Oklahoma Opioid Case for $270 Million
OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of ...
FEMA Botches Handling of Personal Data From 2 Million Disaster Victims
The Federal Emergency Management Agency improperly released the personal data of some 2.3 million survivors of hurricane and wildfire disasters to a contractor, the Department of Homeland Security's ...
Midwest Flood Deluge Heads Closer to Mississippi River
The deluge that devastated so much of Nebraska is now moving downstream to threaten cities in Missouri and Kansas as the flood bulge makes its way toward the Mississippi River. Major flooding is ...