News
Proof of Economic Loss Not Needed for Biz Seeking BP Recovery, Barbier Rules
BP Plc has failed to persuade a U.S. federal judge to require businesses seeking to recover money over the 2010 Gulf of Mexico oil spill to provide proof that their economic losses were caused by the ...
Iowa Judge Dismisses ‘Popcorn Lung’ Lawsuit from Daily Snacker
A federal judge in Iowa has dismissed a Michigan couple's lawsuit that claimed butter flavorings in microwave popcorn left the husband with lung disease. U.S. District Judge Mark Bennett ruled ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Isn’t It Ridiculous? Top 10 Abuses of the Legal System in 2013
Earlier this week, the U.S. Chamber of Commerce Institute for Legal Reform announced its list of the Top 10 Most Ridiculous Lawsuits of 2013: Inmates' suit blames a life of crime on beer companies ...
Ironshore Boosting Capacity to $50M for Some U.S. Casualty Lines
Ironshore Inc. announced recently that it will boost coverage for selected U.S. casualty lines to $50 million, raising capacity from current limits of $25 million Effective Jan. 1, 2014, the higher ...
Capacity Keeping E&S Market Competitive; Berkshire Impact Yet to Materialize: Fitch
Growing capacity will limit rate hikes and promote persistent competition in the excess and surplus lines market, Fitch Ratings said in a report earlier this week. The U.S. E&S market, which ...
Premium Growth Continues for 14th Straight Quarter, WC to Lead in 2014
Although the growth in industry total net property/casualty insurance premiums slowed in the third-quarter, an unbroken string of quarterly hikes is longer than a prior period of back-to-back ...
Target Breach Triggers Insurance Questions, Lawsuits
U.S. retail giant Target Corp. is busy dealing with the aftermath of the massive data breach that exposed account details of some 40 million credit and debit cards. Already, at least two lawsuits ...
Federal Financial Crisis Warning Office Struggles to Be Relevant
In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis. The idea was ...