Claims & Reserving
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Cargo Thefts Down After Spike During Pandemic Lockdowns
A rash of railcar thefts in the Los Angeles area may have given a different impression, but nationally the number of reported cargo thefts dropped by 15 percent in 2021 compared to the prior year, ...
On the Highway: A Litigator’s View From the Driver’s Seat of a Tesla
In 2016, Mike Nelson, the founder of InsurTech Quantiv Risk, bought his first Tesla and embarked on a 12-state cross country trip to get a first-hand understanding of where automobile technology was ...
D&O Loss Ratios Unchanged by Rate Hikes: Supply Disruption to Fuel Suits
Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social ...
After Months of Decline, Florida Claims Litigation Rose Sharply in January
Just when insurers saw signs that last year's reform legislation may be having an impact on claims litigation, bad news appeared in the inbox Wednesday. CaseGlide, the maker of litigation management ...
How Inflation Is Driving Up Loss Costs for Auto, Home Insurers
The two possessions that most concern insurers — homes and motor vehicles — happen to be the largest contributors to the historic 7.5 percent inflation rate announced last week. Perhaps that ...
Data Points: Attorney Impact on Commercial Auto Losses
Commercial auto insurance loss severity rose about 5 percent per year during the five-year period ending 2019, as the proportion of claims that had attorney involvement increased to nearly 30 ...
Avoiding Bad Faith Damages: How to Handle Short-Fuse Policy Limit Settlement Demands
The holidays—parties, family and the spirit of giving. Some personal injury plaintiff attorneys really get into the spirit, hoping to receive the gift of "open" policy limits and unlimited injury ...