Claims / Legal
Proposed Oregon Bill Bars Utility Rate Hikes Amid Unresolved Wildfire Suits
Three Oregon lawmakers say they plan to introduce a bill that would bar utilities from raising rates if they have unresolved wildfire lawsuits for three or more years, describing it as an effort to ...
Study: Widening Gap Between Cyber Attack Causes, Public Perception
A new study from Hive Systems, a global provider of cybersecurity services and products, finds that the public and media are misaligned when it comes to actual cybersecurity risks, leaving ...
RiverStone International to Provide Loss Portfolio Transfer for Zurich Insurance
RiverStone International, the London-based provider of legacy solutions, announced it has signed an agreement with the French branch of Zurich Insurance Europe and Zurich Insurance Co. to provide a ...
Most Distracting Holiday Songs for Drivers Ranked
A personal injury lawyer warns that slippery roads and congested highways aren't the only problems that drivers have to contend with during the year-end holiday season. Listening to Andy Williams ...
NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants
Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North ...
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, ...
Malibu Avoids Widespread Ruin as Firefighters Gain Ground
Improving weather conditions and a massive counterattack by firefighters appear to be turning the tide in the Malibu wildfire, sparing the wealthy California enclave from large-scale property losses. ...