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Daily NewsFlash : March 20, 2013


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Wednesday, March 20, 2013

Supreme Court Sides with Business on Class Actions

Supreme Court and class-action suitsBusinesses groups on Tuesday won the latest round in their battle with plaintiff's lawyers over class-action lawsuits, scoring an unanimous victory at the Supreme Court....

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Freddie Mac Sues More Than A Dozen Banks Over Libor Losses

LIBORMortgage finance company Freddie Mac is suing more than a dozen banks for losses from the alleged manipulation of the benchmark interest rate known as Libor.

Bank of America Corp, JPMorgan Chase & ...

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New Study Finds Lower Acceptance of Insurance Fraud and Strong Support for Fraud-Fighting Efforts

Claims fraudAccording to new findings from an online Insurance Research Council (IRC) public opinion study, 24 percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductible s they are required to pay, lower than the 33 percent found in a 2002 telephone survey. A...

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Aon's 2013 Interactive Political Risk Map Draws on 15 Years of Emerging Markets Data Collection

Aon As the world seeks to re-establish itself following the 2008 financial crisis and the 2010 Arab Spring, Aon's 2013 political risk map, developed in partnership with Roubini Global Economics, identifies certain emerging markets that are experiencing reduced political risk exposures. 

To complement its print version, ...

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Texas Trial Lawyer Eyes New York for Sandy Clients

Sandy claimsTexas attorney Steve Mostyn is making a move to New York City, "with dreams of landing about 10,000 cases worth more than $1 billion in insurance claims from Superstorm S...

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Florida House Panel OKs Bill Blocking Higher Workers-Comp Rx Prices for Doctors

Workers Comp RxOne of the longest-running special-interest fights in the state Capitol was renewed Tuesday when a House committee debated whether doctors should be allowed to charge higher prices than pharmacies when they prescribe drugs for

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FM Global Posts Profitable 2012, Despite Sandy Losses

FM GlobalFM Global posted net income of $774 million for year-end 2012 with a combined ratio of 85.7, despite the impact of Hurricane Sandy.

Sandy was the insurer's single-largest net aggregate natural disaster loss to date, which resulted in about 2,200 claims, the company said. It did not give a dollar amount fo...

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Chubb Custom Insurance Loses Appeal in Federal Superfund Case

ChubbA federal appeals court in California has ruled against Chubb Custom Insurance Co. in the insurer's effort to recover $2.4 million it paid to a policyholder to cover clean-up costs stemming from pollutants released on its pr...

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