Insurance Law

$91 Million Judgment Against AIG Unit

$91 Million Judgment Against AIG Unit

A unit of AIG must pay two companies, Griffith Foods International Inc. and Sterigenics U.S. LLC,  more than $91 million. […]

Job Losses As Liberty Mutual Restructures

Job Losses As Liberty Mutual Restructures

Effective Aug. 1, Liberty Mutual is creating a new business unit. US Retail Markets will focus on personal and small […]

Reinsurance Rates Up By Average 33 Percent

Reinsurance Rates Up By Average 33 Percent

According to Howden Tiger, risk-adjusted property-catastrophe pricing is up, ranging from 25 to 40 percent as of June 1, with […]

Intelligent AI and Konsileo adopt Doorda’s Data Sets

Intelligent AI and Konsileo adopt Doorda’s Data Sets

Konsileo, a commercial insurance broker, is partnering with Intelligent AI, a data company that indicates risks across commercial property portfolios, […]

Top Ten Workers Comp Payouts

Top Ten Workers Comp Payouts

Aren’t you glad you have worker’s comp insurance? You have to keep close tabs on those insurers though. The company […]

Insurers Choose Less Risk, Higher Premiums

Insurers Choose Less Risk, Higher Premiums

In an interview, Shoshanna Simmons of CIC Services outlines a grim commercial insurance situation – sharply rising premiums, reductions in […]

Countering Bodily Injury Exclusion Denial

Countering Bodily Injury Exclusion Denial

Insurance carriers are like the Cheshire Cat, says attorney Adam K. Gallagher, of Becker & Poliakoff. They often confuse or […]

Workers Comp Now Covers PTSD Claims In Connecticut

Workers Comp Now Covers PTSD Claims In Connecticut

On June 12 the Governor of Connecticut signed a law that makes post-traumatic stress “injuries” presumptively compensable for workers who […]

RiskStream Launches Collaborative Reinsurance Tool

RiskStream Launches Collaborative Reinsurance Tool

dRe is a platform that calculates parametric loss for severe storm catastrophe transactions, using RiskStream’s Canopy platform, the industry’s first […]

US Insurers Suffered Most From Inflation

US Insurers Suffered Most From Inflation

An analysis of insurers’ costs from 2018 through 2022 by the Insurance Information Institute finds that US insurers have been […]

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