Claims Process ‘Challenging’ as Insurers Suffer Record Winter Losses, Aon Says May 7, 2021 US insurers suffered record-breaking winter storm losses during the first quarter of 2021 while also grappling with several high-profile cyberattacks,...
BlackRock, Citi in $100 Million Fight Over Texas Storm Aftermath April 16, 2021 By Christian Berthelsen A Texas wind farm owned by BlackRock Inc. is locked in a $100 million court battle with Citigroup Inc. over...
Jewelry Losses From Crime Nearly Doubled in 2019, Defying Long-Term Trend December 10, 2020 By Claims Journal staff The value of losses from crimes against jewelers jumped by 89.1% in 2019 even though the number of thefts, burglaries...
Lloyd’s of London Sees Global Pandemic Insurance Losses Above Previous Estimate November 18, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
AIG’s Pandemic Losses Hit $730M for First Half of 2020 -CEO August 4, 2020 By Suzanne Barlyn Insurer American International Group Inc racked up $730 million in COVID-19-related losses during the first half of the year, its...
World’s Insurers Face $203 Billion Losses From Coronavirus May 14, 2020 By Benjamin Robertson Lloyd’s of London, the world’s largest insurance exchange, estimates the industry will suffer around $203 billion in losses from the...
Willis: COVID-19 Losses Offset by Reduced Claims for Auto Lines May 4, 2020 By Jim Sams If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole...
Insurers Warn on Forced Payouts for Uncovered Coronavirus Losses April 6, 2020 By Simon Jessop LONDON — World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus...
U.S. Peach Grower Awarded $265 M From Bayer, BASF in Weedkiller Lawsuit February 19, 2020 By Patricia Weiss A Missouri jury’s $265 million award to peach grower Bill Bader in his lawsuit against herbicide providers Bayer and BASF...
Viewpoint: What Do Power Outages, Wildfires, and Vaping Bans Have in Common? October 21, 2019 By Chantal Roberts At the outset, power outages, wildfires, and vaping bans do not appear similar at all, but in the rush to...