Litigation/Liability Trends
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 ...
AIG Will Sell Medical Stop-Loss Operations to Tokio Marine HCC
Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group. Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But ...
SCOTUS Considers Right of Workers to Bring Class-Action Claims; Court Divided
Liberal U.S. Supreme Court justices on Monday defended the right of workers to bring class-action claims against companies but their conservative counterparts who are in the majority sounded ...
A Roundup of Major Insurer/Reinsurer Hurricane and Quake Losses Thus Far
Losses from Hurricane Maria and other recent 2017 natural catastrophes—including hurricanes Irma and Harvey, the Mexico City earthquakes, and other events—have led global insurers and reinsurers ...
Appeals Court Overturns $663M Trinity Guardrail Judgement
Trinity Industries Inc. won't have to pay a $663 million judgment that was awarded in a whistle-blower lawsuit alleging the company defrauded the U.S. government with a faulty highway guardrail ...
Hurricane Maria Insured Loss Estimates Vary Widely in Focus
Catastrophe modeling firms are beginning to issue preliminary estimates of the insured losses left in Hurricane Maria's wake. RMS Said Insured Losses Could Have Been Worse RMS predicted that the ...