Legal

A majority of insurers on the $500mn limit primary layer of SBM Offshore's construction all risks policy have settled with the Dutch-based offshore energy specialist for $247mn after a long-running legal battle

Norwegian general insurer Protector Forsikring has issued a £50.0mn ($64.6mn) preliminary estimate for its gross claims stemming from the Grenfell tower tragedy, indicating it expects a total loss to the policy

Homeowners’ insurers may face as much as $6.8bn in claims over failing foundations in Connecticut, where dozens of residents have joined a lawsuit seeking to force more than 100 carriers to cover the situation confronting as many as 34,000 property owners in the Nutmeg State.

Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understands.

Any insurance claim stemming from the fraud allegations faced by UK banking giant Barclays would probably fall to the London directors' and officers' (D&O) market, The Insurance Insider understands.

Several Lloyd's and US (re)insurers have launched a $49mn legal action against Norwegian weather data provider StormGeo alleging defective read-outs from its system contributed to the sinking of the El Faro in 2015, according to court documents.

Anthem has agreed to a $115mn settlement of a class action lawsuit relating to the 2015 cyber attack that saw almost 80 million people have their records stolen from the US health insurer.

Critics of Congress may scarcely have noticed the significant step forward lawmakers took in reforming and preserving the National Flood Insurance Program (NFIP) this week

Neon-owned cyber venture Tarian has recruited Heather Marsden as legal officer and Dan Wall as assistant underwriter as the start-up continues to build out its team

The change to the UK's discount rate for personal injury compensation is to cost the (re)insurance industry £3.5bn ($4.5bn), according to a report from consultants EY

Chinese authorities have prevented Wu Xiaohui, head of acquisitive insurer Anbang, from leaving the country, the Financial Times reported today

For the first few months of the year there had been much talk of change in Florida