Claims & Reserving
Severe European Storms Hamper Air Travel and German Railway
Severe weather across Europe disrupted air travel at some of the region's largest hubs, including Frankfurt, London, Amsterdam and Munich on Tuesday and hampered regional rail services in Germany. ...
Lufthansa’s Knowledge of Crash Pilot’s Depression Could Impact Insurance Claims
The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, ...
Reputational Harm Claims Most Costly For Small Businesses: The Hartford
Claims involving libel, slander and violation of property – known as reputational harm in industry lingo – are the most expensive that small businesses are likely to experience. The most common: ...
Allianz Estimates $300M Cost for Germanwings Crash
Allianz estimates insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The figure ...
Ex-Fireman’s Fund CEO LaRocco Named State Auto’s New Leader
An ex-Fireman's Fund CEO will become the new leader of State Auto Financial Corp., replacing the company's long-time leader as he readies for retirement. Michael LaRocco assumes the president and CEO ...
Lufthansa Risks Unlimited Liability in Germanwings Crash
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. "The liability for the victims ...
Cyber Risks Emerging as Shipping Sector Threat: Allianz
Cyber risks are emerging as a new threat for the shipping sector even as ship losses have sunk to their lowest level in a decade, Allianz Global Corporate & Specialty concluded in a new study. ...
XL Group: Teaching Spanish to Construction Site Managers Reduces Risk
After an initial pilot effort, XL Group plans to expand a program that teaches Spanish to clients' construction site managers so they can communicate the need for worker safety directly to their ...