Insurers, Insureds Must Collaborate to Get Ahead of Social Inflation March 15, 2024 Executive Summary: Setting up mock jury trials, taking cases to trial and refraining from issuing “hammer” letters to lower-layer insurers...
Insurers Brace for Hit from Florida’s Costliest Storm Since 1992 September 30, 2022 By Noor Zainab Hussain Insurers are bracing for a hit of between $28 billion and $47 billion from Hurricane Ian, in what could be...
Boy Scouts Lawyers Eye New Bankruptcy Reorganization Plan April 14, 2021 By Randall Chase DOVER, Del. (AP) — Attorneys for the Boy Scouts of America told a Delaware bankruptcy judge Monday that they plan...
Insurers May Be on Hook for Millions Tied to Suez Canal Crisis March 29, 2021 By Alex Longley, Benjamin Robertson, Aaron Clark and Cindy Wang There were potentially thousands of insurance policies taken out on the steel boxes stacked high on the massive boat blocking...
Boy Scouts Aim to Settle 95,000 Abuse Claims Before Cash Crunch November 18, 2020 More than 95,000 victims have filed sexual-abuse claims against the Boy Scouts of America, and the organization risks running out...
Pandemic Pushes Insurers to Avoid Already Strained Senior Care Market July 9, 2020 By Suzanne Barlyn The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard...
Hurricanes May Cause More Pain For Pandemic-hit Insurers June 1, 2020 By Carolyn Cohn The official start of the Atlantic hurricane season on Monday could signal more steep losses for insurers and reinsurers, already...
Ransomware Attack on Hospital Shows New Risk for Muni-Bond Issuers February 5, 2020 By Mallika Mitra Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley...
CEO Walks Back Pledge to Fix Homes Damaged in Houston Blast January 30, 2020 By Juan A. Lozano HOUSTON — The head of a company involved in a massive explosion in Houston that killed two workers and injured...
Bankrupt Philadelphia Refinery Expects Second Insurance Payment December 16, 2019 By Laura Sanicola Insurers of Philadelphia Energy Solutions (PES) have indicated they will make a second payment of $15 million from its property...