Biggest Obstacle to Cyber Insurance Sales Is Customer Education October 28, 2014 The biggest challenge in selling cyber insurance is educating businesses about the need for cyber coverage, according to a new...
Judge Slashes $9 Billion Damages Award Against Drugmakers by 99% October 28, 2014 By Jef Feeley Takeda Pharmaceutical Co. and Eli Lilly & Co. won a more than a 99 percent cut in a $9 billion...
Lawsuits Commence Against Takata, Auto Makers Over Air Bags October 28, 2014 By Edvard Pettersson Takata Corp. and carmakers that install the company’s air bags were sued by U.S. drivers over claims they were duped...
XL Expands Recreational Marine Business with 3 Programs October 28, 2014 XL Group has launched three tailored marine insurance programs to protect boaters, marinas and vessels, adding to its recreational marine...
Assurant to Buy French Mobile Device Insurance Broker CWI October 28, 2014 Consumer electronic and household device insurer Assurant Inc. has made a binding offer to acquire CWI Group, a mobile insurance...
Top 10 Market Conduct Issues for P/C Insurers October 28, 2014 A review of state insurance regulators’ examinations of U.S. property/casualty insurers shows that claims-handling, underwriting and producer requirements continue to...
Private Insurers Weigh Backing Veterans’ Mortgages October 28, 2014 By Jody Shenn and Zachary Tracer Private insurers are considering a request by U.S. officials to guarantee mortgages for veterans — the fastest growing part of...
Rule Addresses Lenders’ Flood Insurance Escrowing, Mandate Exemptions October 27, 2014 By Andrew G. Simpson Five federal regulatory agencies are seeking comment on a proposed rule pertaining to loans secured by property located in special...
Government Prepares Defense in AIG Bailout Trial October 27, 2014 By Andrew Zajac David Boies spent much of the past month interrogating the architects of the 2008 Wall Street bailout, making the case...
Tougher State Malpractice Laws May Not Reduce Defensive Medicine October 27, 2014 Changing laws to make it more difficult to sue physicians for medical malpractice may not reduce the amount of “defensive...