Just a few years after banks helped create a gargantuan market for blank-check companies, they’re pulling...
Lloyd's, Travelers, Other Insurers Lose in JPMorgan Appeal Over Bear Stearns Settlement
New York's highest court ruled on Tuesday that JPMorgan Chase & Co is entitled to insurance coverage for $140 ...
Article / 6 months ago
Evidence From Collapsed Condo Reportedly Shows Extensive Corrosion and...
Evidence From Collapsed Condo Reportedly Shows Extensive Corrosion and Concrete Issues
Video released by a team of federal investigators shows more evidence of extensive corrosion and overcrowded concrete reinforcement in a Miami-area condominium that...
Article / 9 months ago
SCOTUS Won't Revive Wells Fargo Accounts Scandal Suit
SCOTUS Won't Revive Wells Fargo Accounts Scandal Suit
The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co...
Article / 1 year ago
Draft Biden Order Compels Software Vendors to Disclose Breaches to U.S...
Draft Biden Order Compels Software Vendors to Disclose Breaches to U.S. Govt.
A planned Biden administration executive order will require many software vendors to notify their federal government customers when the companies have a cybersecurity bre...
Article / 1 year ago
GEICO Suit Claiming It Overcharged on Auto Insurance During Pandemic M...
GEICO Suit Claiming It Overcharged on Auto Insurance During Pandemic Moves Forward
The auto insurer Geico Corp, a unit of Warren Buffett's Berkshire Hathaway Inc, must face a proposed class action claiming it overcharged policyholders as the coronavirus...
Article / 1 year ago
Prediction: Coronavirus Will Have Severe Impact on Social Inflation
The effect of social inflation is most pronounced in such countries as Australia, the UK and the U.S...
Article / 2 years ago
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: ...
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best...
Article / 2 years ago
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb Estimates $1.4B in Q2 Pretax COVID-19 Catastrophe Losses
Chubb's new, sobering disclosure of Q2 2020 global net catastrophe losses underscores the damage COVID-19 is doing to carriers' bottom lines. The global property/casualty...
Article / 2 years ago
VW Has Settled Majority of German Consumer Diesel Emission Lawsuits
VW Has Settled Majority of German Consumer Diesel Emission Lawsuits
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the...
Article / 2 years ago
Malpractice Claims Climbing Higher for Architects and Engineers, Insur...
Malpractice Claims Climbing Higher for Architects and Engineers, Insurers Say
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019, but also led to the first upswing...
Article / 2 years ago