Markets
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 ...
Combined Ratios Improved More than 9 Pts. in ’13 for RAA Reinsurers
The 18 U.S. property/casualty reinsurers included in the Reinsurance Association of America's survey of financial results for year-end 2013 saw net premiums fall 3.3 percent compared to 2012, but ...
Record-Breaking Ice; Is Flooding Next?
The winter of 2014 looks to go down in history for record temps and record claims. To date, Enservio data shows that in February 2014 alone, ice damage related RCV jumped 200% over the last five ...
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 ...
Bouchard Nominated as Chief Judge of Delaware’s Chancery Court
Delaware lawyer Andre Bouchard was nominated on Thursday to replace Leo Strine as the chief judge of the state's Court of Chancery, one of the premier venues for business disputes, according to a ...
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 ...
Munich Re Estimates 2014 Profit Dropping to $4.2B
Munich Re, the world's biggest reinsurer, said profit this year is expected to fall 9.1 percent to 3 billion euros ($4.2 billion) as prices charged by the industry decline. Munich Re also said it ...