Claims & Reserving
Oklahoma Tornado Damage Likely to Exceed Joplin
The damage from Monday's tornado in a suburb of Oklahoma City is likely to exceed that caused by the 2011 twister in Joplin, Missouri, that killed 161 people, Oklahoma Insurance Commissioner John ...
Wage and Hour Claims Among Top Threats to U.S. Employers
Federal wage and hour lawsuits have reached a surprise record high, according to a report by law firm Seyfarth Shaw LLP. Cases filed under the Fair Labor Standards Act (FLSA) in have continued to ...Karen Clark & Co.’s New Tool Creates Realistic Hurricane Footprints, Tailored Loss Estimates
Just in time for the 2013 hurricane season, Karen Clark & Co. (KCC), a catastrophe risk and modeling firm, has released a scientific tool for creating hurricane tracks and wind speeds. Named ...
Workers’ Compensation Results Looking Better: NCCI
The workers' compensation market is seeing encouraging signs. Premiums grew for the second consecutive year, the combined ratio declined and claim frequency continued to improve at a pace slightly ...
BP Wants UK Prime Minister to Intervene on Gulf Spill Claims: BBC
British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, ...
Cell Phone Distracted Driving Crashes Under-Reported
Large state-by-state variations in the number of reports of fatal auto crashes that involve cell phone use are just one indication that these cases of distracted driving are under-reported, the ...
London Courts Popular Destination for ‘Legal Tourists’
Foreigners brought almost two-thirds of all lawsuits heard in London's leading commercial court over the last five years, according to a new survey, cementing the city's reputation as the venue of ...
Bird Flu Worries Rise with Budget Cuts
The World Health Organization's ability to police the new strain of bird flu that has killed 27 people in China is being jeopardized by budget cuts, according to a top U.S. official. "One of the ...