Litigation/Liability Trends
U.S. Supreme Court Won’t Yet Decide What Constitutes a Computer Hacking
The U.S. Supreme Court on Tuesday sidestepped a growing controversy over who can give permission to access a computer, a debate that goes to the core of what constitutes hacking in this era of ...
AIG Warns of Possible $3.1B Catastrophe Loss Hit for Q3 from Hurricanes, Earthquakes
American International Group warned it faces as much as $3.1 billion in pre-tax catastrophe losses for the 2017 third quarter, largely from three hurricanes and two Mexico earthquakes. The ...
Hurricane Nate’s Insured Losses Will Reach Close to $500M: Karen Clark & Co.
Hurricane Nate will likely cause close to $500 million in insured losses, according to a flash estimate from catastrophe modeling form Karen Clark & Co. While the number is not insignificant, it ...
Texting Isn’t to Blame for Still-Rising U.S. Traffic Deaths
Traffic fatalities in the U.S. jumped for the second straight year in 2016 despite a dip in crash deaths linked to distracted driving, according to data released by federal highway safety regulators. ...
Trump Administration Proposes Curtailing Flood Insurance in Flood-Prone Regions
President Donald Trump proposed ending federal flood insurance for new homes in areas most at risk of flooding, a change that could curtail new construction in vast parts of Florida, Louisiana and ...
Allianz, AXA, Generali, Others Agree to Crack Down on Pirate Fishing
A coalition of insurance firms agreed on Friday to crack down on pirate fishing by banning coverage for trawlers whose illegal catches are worth at least $10 billion a year. Firms would deny ...
New Quake/Hurricane Loss Estimates From Renaissance Re, W.R. Berkley, PartnerRe, State Auto
RenaissanceRe, W.R. Berkley Corp. and State Auto Financial Corp. are among the latest insurers and reinsurers to issue Q3 catastrophe loss estimates from Hurricanes Harvey, Irma and Maria, and the ...
Consumers Worry Autonomous Vehicles Will be Vulnerable to Cyber Breaches: AIG Study
As property/casualty insurers contemplate how to insurer autonomous vehicles, a new AIG study reveals consumers worry these cars and trucks of the future are particularly vulnerable to cyber ...