Commercial Lines
California Voter Initiative Aims to Increase Damages Cap
California's limit of $250,000 on medical malpractice damages for pain and suffering, which became a model for other states almost 40 years ago, could be increased under a voter initiative to be ...
Insurance Payments Begin But Liability Over Missing Malaysian Jet Unclear
As the final hours of Malaysian Air Flight 370 remain wrapped in mystery, the question of who bears full liability for the jet's disappearance is also unresolved. This much is clear: Families of the ...
Use of Predictive Modeling Increasing: Towers Watson
The use of predictive modeling continues to increase in nearly every business line, according to Towers Watson's fifth annual Predictive Modeling Benchmarking Survey. The survey examined how North ...
Lawyers Troll Internet for GM Customers as Race to Courthouse Gets Underway
General Motors may face lawsuits for millions of dollars over its recall of 1.6 million cars, but first lawyers have to find clients if they hope to get a foot in the courthouse door. To do so they ...
Texas Owner of Steak Restaurants Acquires Truck Insurer First Guard
Biglari Holdings Inc. and First Guard Insurance Company announced Thursday that Biglari Holdings has acquired First Guard Insurance Company and its affiliate, 1st Guard Corporation. First Guard ...
UK Website Selling Online Taxi Insurance
On Thursday, GoTaxi announced that it had launched a new taxi insurance website in the U.K. The website's objective is to match taxi and cab drivers who are looking for all types of taxi insurance ...
Nearly Half of Security Execs Say Insurers Alone Should Pay Costs of Physical Terror Attacks
Forty-seven percent of security executives across of a variety of industries believe that private insurance companies alone should pay for worker injuries and property damage in the aftermath of a ...
Viacom Settles $1B Suit Against Google Over Youtube Videos
Google Inc. and Viacom Inc. settled Viacom's $1 billion lawsuit claiming YouTube violated copyrights by letting users post video clips from television shows without authorization after a federal ...