Business income (interruption) insurance has received a lot of attention since the beginning of the pandemic due to business closures across the globe. Unfortunately for business owners (in the U.S. and most other countries), business income losses were not covered due to a virus exclusion.

What is the impact of artificial intelligence in insurance? Well, there are a lot of use cases for artificial intelligence in everyday life, but what about AI in insurance? The effects of artificial intelligence in business heavily include insurance.

Litigation funders risk public disclosure about their role financing lawsuits from a body that sets federal court rules and lawmakers who commissioned a study of their activities.

Seventy-nine funerals in five weeks. Not at a cemetery but inside Judge Michael Hanzman’s courtroom, during unprecedented hearings held throughout an excruciating summer of sadness as he appraised the worth of the victims killed in the Surfside condominium collapse.

Nuclear verdicts have been increasing in frequency and severity over the past decade, especially in the last few years. ‘Plaintiff’s attorneys have changed the way they try cases,’ explained Robert F. Tyson, Jr., managing partner of Tyson & Mendes.

The United States District Court for the Eastern District of Oklahoma, applying Oklahoma law, granted an insured’s motion for summary judgment, finding that a claim was sufficiently made and reported during the policy period.

New York Attorney General Letitia James sued former President Donald Trump, the Trump Organization and others, including the ex-president’s eldest children, for financial fraud on Wednesday, in a lawsuit that includes allegations that the organization made misrepresentations in its purchase of surety bonds and directors and officers liability insurance.

Recently, I hosted a training for inside adjusters, and the group consisted of around 20 seasoned claims professionals with an average tenure exceeding seven years. Most of these inside adjusters had spent at least a couple of years in the field, as well.

Behavior change at many levels is key to addressing the rising human and economic costs associated with climate risk. But change is hard, and actionable data is essential to supporting the case for change.

The 2nd Appellate District in Montes v. Young Men’s Christian Assn. of Glendale, California (2022 Cal.App.LEXIS 677) recently reaffirmed the application of the ‘open and obvious’ defense to premises liability claims, especially as they related to trial following an unsuccessful motion for summary judgment raising the defense.

Allstate and State Farm have continued to pursue significant auto insurance rate increases as they react to inflationary pressures and increases in auto accident severity.

The National Transportation Safety Board is recommending that all new vehicles in the U.S. be equipped with blood alcohol monitoring systems that can stop an intoxicated person from driving.

To save Louisiana’s insurance market from a crisis, legislators and the Louisiana Department of Insurance have proposed an incentive fund to attract more insurers to the state. During a legislative session last week, lawmakers established the fund, but did not put any money into it.

Interest rates will keep going up. But that won’t be entirely negative for the insurance industry, or the longer-term fundamentals of the broader economy, suggested a new Sigma report from Swiss Re.

Gig economy companies like Uber Technologies Inc., Lyft Inc., and Grubhub Inc., have paid hundreds of millions to defend and settle claims over the past decade that they wrongly classified workers as independent contractors, but legal and practical hurdles for plaintiffs and state enforcers mean these companies have not had to reclassify their workforces.