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...
AXIS Capital Reports Q4 Operating Income of $120 Million, $563 Million for 2014 February 4, 2015 AXIS Capital Holdings Limited reported a net income available to common shareholders for the fourth quarter of 2014 of $164...
XL’s McGavick Says Defectors May Find More Turmoil at New Jobs February 4, 2015 By Jing Cao XL Group plc Chief Executive Officer Mike McGavick said employees who are worried about disruption from his company’s planned purchase...
TransAsia Turboprop Crashes Near Taipei; 2nd Fatal Accident Within Year February 4, 2015 By Adela Lin , Chinmei Sung, Tim Culpan and Yu-Huay Sun A TransAsia Airways Corp. turboprop plane crashed into a river near Taipei moments after taking off, killing at least 19...