Claims & Reserving
Law Enforcement Urged to Play Stronger Role in Dangerous Drone Use Prevention
Law enforcement authorities must play a strong role to ensure there are suitable deterrents in place for those flying recreational drones to prevent danger to passenger aircraft, the International ...
Millions of Devices in Europe Are Still Vulnerable to Cyber Attack: Report
A year after a wave of denial-of-service attacks knocked out major websites around the world, millions of unsecured printers, network gear and webcams remain undefended against attack across major ...
For Over a Year, Uber Concealed Cyber Attack That Exposed 57 Million People’s Data
Hackers stole the personal data of 57 million customers and drivers from Uber Technologies Inc., a massive breach that the company concealed for more than a year. This week, the ride-hailing company ...
Insurers Could Pay Up $1B-Plus for Las Vegas Massacre Costs
The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and ...
New Judicial Appointments Could Help Curb Shareholder Suits, Reduce D&O Losses
Directors and officers insurance has faced major losses in recent years due, in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new ...
AIG’s $836M Reserve Boost Spooks Investors; Shares Drop
American International Group Inc shares sank 4.5 percent on Friday as investors reacted to a surprise $836 million boost to the insurance giant's reserves, related to prior-year accident claims. AIG ...
10M Americans Will Be Affected by Climate Change by 2075: CBO Warning
Ten million Americans will be "substantially affected" by climate change by 2075, causing government disaster spending to jump, the Congressional Budget Office projected Thursday. But, instead of ...
After Historic Storms, Insurers May Not Be Able to Price Their Way Back
The worst hurricane season in modern U.S. history is starting to look like a blip on the charts of insurance stocks, with investors banking on a quick restoration of capital as firms rediscover ...