Claims & Losses
Claims & Losses
News, insights and thought leadership for re/insurance professionals with an interest in claims and losses.
Bank wins Ponzi scheme settlement coverage appeal

Bank wins Ponzi scheme settlement coverage appeal

An Ohio bank can claim insurance coverage from an American International Group Inc. unit for a settlement it paid to end litigation related to a Ponzi scheme it was caught up in in the early 2000s, a...
An Ohio bank can claim insurance coverage from an American International Group Inc. unit for a settlement it paid to end litigation related to a Ponzi scheme it was caught up in in the early 2000s, a...
Article / 3 months ago
Westford refutes insurer’s claim it misled financiers over Phoenix trades - Global Trade Review Claims & Losses

Westford refutes insurer’s claim it misled financiers over Phoenix trades - Global Trade Review

Westford Trade Services has fiercely hit back at allegations it misled potential financiers by manipulating its exposure to since-collapsed trader Phoenix Commodities.
Westford Trade Services has fiercely hit back at allegations it misled potential financiers by manipulating its exposure to since-collapsed trader Phoenix Commodities.
gtreview.com / Article / 4 months ago
Latest Batch Of Payouts To 25,000 Victims Of Madoff Ponzi Scheme Total Almost $160 Million - Forbes Claims & Losses

Latest Batch Of Payouts To 25,000 Victims Of Madoff Ponzi Scheme Total Almost $160 Million - Forbes

Nearly 25,000 victims will receive payouts totalling nearly $160 million, as the Justice Department’s total compensation to victims reaches $4.22 billion...
Nearly 25,000 victims will receive payouts totalling nearly $160 million, as the Justice Department’s total compensation to victims reaches $4.22 billion...
forbes.com / Article / 5 months ago
Greensill Administrator Suing Zurich Insurance - FiNews Claims & Losses

Greensill Administrator Suing Zurich Insurance - FiNews

The administrator for a German bank owned by Greensill Capital is suing Zurich Insurance for losses it claims were covered by the Swiss insurer. Zurich said it will contest the action...
The administrator for a German bank owned by Greensill Capital is suing Zurich Insurance for losses it claims were covered by the Swiss insurer. Zurich said it will contest the action...
finews.com / Article / 9 months ago

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Insurance firms deny Chevron's $57 million claim for Iran oil seizure - Reuters
Insurance firms deny Chevron's $57 million claim for Iran oil seizure - Reu...
Three insurance companies have rejected Chevron's claim over the seizure last year of an oil cargo by Ira...
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Baltimore bridge supply chain insurance losses likely
Baltimore bridge supply chain insurance losses likely
The collapse of the Francis Scott Key Bridge in Baltimore in March could well result in supply chain-rela...
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GenAI: The Double-Edged Sword - Claims Management Magazine
GenAI: The Double-Edged Sword - Claims Management Magazine
In the rapidly evolving landscape of technology, one of the most revolutionary advancements that has gain...
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Social inflation has put severity pressure on loss cost trends over last five years: CNA CEO
Social inflation has put severity pressure on loss cost trends over last fi...
Long-run loss cost trends in the US are at 6.5% as a result. CNA Financial CEO Dino Robusto said that ov...
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Baltimore bridge rebuild expected to cost up to $1.9B - Construction Dive
Baltimore bridge rebuild expected to cost up to $1.9B - Construction Dive
The state of Maryland, which will soon receive a $350 million insurance payment, anticipates the new span...
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Berkshire's Jain on Cyber: ‘The Mindset Should Be You're Not Making Money'
Berkshire's Jain on Cyber: ‘The Mindset Should Be You're Not Making Money'
While describing cyber insurance as a “fashionable” and profitable business, Berkshire Hathaway's head of...
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Property market braces for $200mn+ Dollar Tree loss after direct tornado hit
Property market braces for $200mn+ Dollar Tree loss after direct tornado hi...
Underwriters are expecting losses from the direct tornado hit on the Dollar Tree distribution centre in M...
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