Top 10 Employment Discrimination Claims February 4, 2015 While charges of employment discrimination against employers are declining overall, claims alleging retaliation against an employee for involvement in a...
Hannover Re: Capital Markets Are ‘More Friend Than Foe’ to Reinsurers February 4, 2015 By Oliver Suess Pension and hedge funds flush with cash and hungry for yield are creating a market for reinsurers willing to look...
Transportation Safety Board Investigating New York Train Crash February 4, 2015 By Michelle Kaske The National Transportation Safety Board is investigating the fiery rush-hour crash of a New York commuter train in Westchester County...
Fraud Adds Up to 17% to Auto Insurance Injury Claims: IRC February 4, 2015 A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to...
Penn. Defense Attorney Fights $1M Fine Over Banned Testimony February 4, 2015 By Maryclaire Dale A single word of testimony at a medical-malpractice trial has cost a Pennsylvania lawyer a nearly $1 million fine she...
GM’s OnStar Ready to Offer Progressive’s Usage-Based Insurance February 4, 2015 By Amy O'Connor Progressive has partnered with OnStar Corp. to bring its usage-based insurance program, Snapshot, to OnStar customers. Starting this summer, buyers...
New York Commuter Train in Deadly Crash February 4, 2015 By Michelle Kaske A northbound Metro-North Railroad train ferrying commuters from New York City struck a car during evening rush hour Tuesday in...
Allstate Settles Mortgage Fraud Suit with Morgan Stanley February 4, 2015 By Chris Dolmetsch Allstate Insurance Co. agreed to settle a 2011 lawsuit accusing Morgan Stanley of fraud over more than $100 million worth...
Securities Class Actions Held Steady in 2014 February 4, 2015 By Ellen Rosen Deals often beget securities class actions. Yet, despite the active mergers-and-acquisitions market in 2014, the number of new federal securities...
PartnerRe Stock Jumps on Report That SCOR, Alleghany Are Weighing Bids February 4, 2015 By Sonali Basak PartnerRe Ltd. jumped in New York trading after “Insurance Insider” reported that the reinsurer, which agreed last month to merge...