Claims / Legal
Reserves and Inflation: Insurers Got This!
According to an analysis of loss reserves published in mid-March by Assured Research, 2021 marked the 16th straight year that the U.S. P/C industry's loss reserves developed favorably—by about ...
Insurers: Hire More Trial Lawyers Now!
As the pandemic continues to wind down, and with jurors finally starting to return to large metropolitan courthouses across the country, it is becoming increasingly clear that insurance carriers are ...
Inflation Boosts W.R. Berkley Top Line to Record Level as Exposures Grow
While investment analysts continue to track commercial insurance rate hikes for property/casualty insurance carriers, exposure growth was an important contributor to a top-line record for the first ...
‘Deceptive’ Denial Letter Costs Insurer Treble Damages After Appeal to 4th Circuit
The insurer first said it would pay to repair a breezeway at a student housing complex that partially collapsed during a Saturday night student party. Then it said it wouldn't and sent the ...
How the Insurance Industry Can Tame Social Inflation
Insurance carriers, are you and your defense counsel ready for the "perfect storm" of litigation that is coming once the pandemic is over? Are your teams trained to defend against the increasing wave ...
How Carriers Are Reimagining Claims Management
With advances in technology comes a skyrocketing quantity of data, and frontline claims operators are struggling to keep up. For insurance executives, the problems that ricochet from this data ...
Tokio Marine Says Greensill Obtained Policies Fraudulently
Companies linked to insolvent British financier Lex Greensill obtained insurance fraudulently, insurer Tokio Marine said on Monday, adding it did not plan to pay out on the policies and would ...
Credit Suisse Warns Greensill Litigation Against Insurers, Debtors May Take 5 Years
Credit Suisse said on Monday that litigation related to Greensill supply chain finance funds (SCFF) could take around five years and warned that some investors would not be able to recover their ...