Underwriting & Pricing
Florida Gov. Scott, Insurers Vow Fight to Save PIP Law After Injunction
A Florida circuit court judge has issued a temporary injunction against certain provisions of the state's no-fault personal injury protection (PIP) law, ruling that it is no longer a "reasonable ...
Sandy Losses Wiped Out Entire U.S. Marine Premiums for 2012: IUMI
The cost of Superstorm Sandy to the global marine market has been put at between $2.5 billion and $3 billion—which effectively wipes out the entire U.S. marine premiums for 2012, according to the ...
Auditor Class Actions Go Global As U.S. Suits Dwindle
Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not ...
Louisiana’s Assumption Parish Sinkhole Growing
A sinkhole in swampy Assumption Parish grew to 12 acres over the weekend, and officials said Monday they are monitoring the threat that another area nearby could liquefy into muck. Lawmakers on the ...
Too Much Analysis Primes Whistleblower Suits: Lawyer
If your company uses a detailed analytical process to arrive at projections of growth or earnings, that process may make you particularly vulnerable to shareholder suits when forecasts don't pan out, ...
Cyber Insurance Buys Up 33% in 2012, Prices Flat, Underwriters Asking Questions: Marsh
More companies are turning to cyber insurance to protect their organizations from the financial consequences of a data breach or cyber attack, according to a recently issued report by Marsh, which ...Court Upholds Florida OIR Position On Sinkhole Coverage
A Florida court has upheld a decision by state insurance regulators that property insurers must offer sinkhole loss coverage in an amount equal to the dwelling coverage limit. Farm Bureau asked the ...India Ready To Stop Iran Oil Imports As Insurers Drop Coverage, Refiner Says
India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of ...