News
CoreLogic: 6.5M U.S. Homes at Risk From Storm Surge
More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs, according to ...
Carriers Strive to Improve Claims Technology
Insurers continue to focus on improving claims technology, according to Karlyn Carnahan, research director at Celent. The main area of improvement is the replacement of aging claims administration ...
Aviva Pledges Renewed Cost-Cutting Effort to Boost Profit
Aviva Plc CEO Mark Wilson pledged to continue cost cuts and to focus on a smaller number of markets in an effort to boost earnings of U.K.'s second-biggest insurer by market value. Wilson plans to ...
PwC Must Face $1B Lawsuit Related for Role in MF Global Collapse: Judge
A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 ...
Miami Mortgage Discrimination Suit vs BofA Dismissed
A federal judge has dismissed the city of Miami's mortgage discrimination lawsuit against Bank of America Corp., handing the city its first defeat in four suits that accuse major banks of U.S. Fair ...
$10M Sleeper Lawsuit: Yankee Fan Taking ESPN Announcers to Court
A Yankees fan has filed a $10 million lawsuit against two ESPN announcers contending they mocked him when he was caught on national television sleeping in his seat during a game at Yankee Stadium. ...
Tower Group Shareholders to Vote on ACP Re Merger in August
Tower Group International's shareholders will finally get their chance to approve or reject a merger agreement with ACP Re, months after the proposed deal was first announced. The Bermuda insurer and ...
Specialty Insurance Group Launched by Trio of Insurance Veterans
A trio of specialty and risk insurance veterans has launched Specialty Insurance Group (SIG) to provide custom programs for the ever-changing needs of the sports, leisure and entertainment markets. ...