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One question in the community is whether nuclear verdicts this year will spark a re-acceleration of rates, especially in the lead excess layers. -
The carrier cited a “huge” spread of possible outcomes from various lawsuits relating to aviation claims from the conflict.
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US District Judge Richard Andrews struck down the arguments by some insurers that the judgment inflated claims and contained factual errors.
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For years, Florida attorneys have utilized one-way attorney fees and assignment of benefits to bleed the insurance market of thousands of dollars.
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The companies did not disclose whether any money exchange hands as part of the agreement.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The lawsuit argues that one engine that was leased out in Ukraine and 16 engines that were leased out in Russia have suffered physical loss or damages.
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The payment followed a $200mn disbursement that Chubb made in Q3. The insurer expects to cover the remaining $500mn of the liability in 2023.
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After threatening a swathe of downgrades of Floridian carriers last year, the ratings agency has signaled a positive reception of reforms.
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A canvass of Florida executives by Inside P&C suggests glimmers of an improved claims environment ahead.
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The InsurTech is accusing Brinson Caleb Silver and his alleged co-conspirators of executing a scheme which defrauded it of at least $9.4mn.
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The cases were filed in California and Florida courts, states where non-competes are currently treated differently, and followed the FTC’s move to ban them.
