Claims & Reserving
Alpha Natural Resources Seeking to Cover $400M in Mine Cleanup Liabilities
Alpha Natural Resources Inc no longer qualifies for a government program that subsidizes a share of mine cleanup insurance, requiring the coal company to find another way to cover roughly $400 ...
WCRI: Michigan WC Costs Per Claim a Major Bargain
Workers' compensation costs per claim in Michigan were lower than that of the typical state, according to a recent study by Massachusetts-based Workers Compensation Research Institute, with average ...
BP Drops Fight Over $750M Deepwater Horizon Insurance
BP Plc won't seek to access Transocean Ltd.'s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. ...
Average Cost of Data Breach Increases to $3.8M: Study
The cost of data breaches is rising for companies around the world as sophisticated thieves target valuable financial and medical records, according to a study released on Wednesday. The total ...
U.S. Bird Flu Catastrophe Harms Egg Producers and Consumers Alike
Be it scrambled, poached or sunny side up, the cost of egg breakfasts may jump by billions of dollars during the U.S.'s worst outbreak of bird flu, Goldman Sachs Group Inc. said. U.S. consumers will ...
BP Resolves Oil Spill-Related Claims With Hailiburton, Transocean
BP Plc has settled with oilfield services provider Halliburton Co and contract driller Transocean Ltd cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. ...
Fitch Ratings: Carriers Managing Cyber Exposures as They Get Up to Speed
While cyber threats are spurring more financial risk for property/casualty insurers, carriers have managed their exposures as they work to get up to speed with experience and expertise in ...
MBIA’s Bond Insurance-Comeback Hampered by Puerto Rico Crisis
The risk of losses tied to Puerto Rico is clouding MBIA Inc.'s comeback in the resurgent business of guaranteeing state and municipal debt. After years of healing from the financial crisis that wiped ...