A Minnesota federal district court has held that a software company is entitled to coverage for losses related to diverted billing emails under its business interruption coverage, rejecting the insurer’s argument that the phrase ‘business operations’ in the insuring clause referred only to income-generating activities.
With Florida property insurers trying to curb lawsuits, a Leon County circuit judge has refused to block a decision by Insurance Commissioner David Altmaier that could steer at least some disputes away from courtrooms.
For years now, Siri, Alexa and Google Home have been portrayed as just the beginning of a pathway to virtual assistants that will give each of us a J.A.R.V.I.S., the voice-activated software used by Iron Man to handle, well, just about everything.
It’s not uncommon for insurance professionals to say they fell into the industry. Most people’s perceptions of the industry come either from TV shows and movies, where insurer’s jobs are portrayed as dull, paper-pushing positions, or from the complex process of dealing with an insurance claim.
New York Gov. Kathy Hochul has requested the state’s Department of Financial Services (DFS) issue temporary permits to qualified, out-of-state insurance adjusters to help speed the claims process along for those who were impacted by the November 2022 storm.
Ninety percent of the counties in the United States suffered a weather disaster between 2011 and 2021, according to a report published this past week. Some endured as many as 12 federally-declared disasters over those 11 years.
Roofs began to creak and collapse under the weight as another storm brought the Buffalo area’s three-day snowfall total Thursday to an epic 6 feet or more, with more still coming down.
About 75% of organisations have experienced a serious cyberattack in the past three years -- up from 60% last year -- according to the 2022 Cyber Security Insights Report conducted by S-RM, a global intelligence and cybersecurity consultancy.
The UN Sustainable Development Goals (SDGs) are a group of 17 global goals aimed at reducing poverty and protecting the planet for the future. The SDGs were born at the United Nations Conference on Sustainable Development in 2012 and are linked to the 2030 Agenda for Sustainable Development, adopted by 193 countries.
A Chubb Ltd. unit is seeking a court’s declaration it does not have to defend or indemnify eBay Inc. and former officials and employees in connection with the harassment of a Massachusetts couple.
Catastrophe risk modelling firm RMS has estimated that the private insurance and reinsurance market loss from recent hurricane Nicole will fall below $2 billion, with its best estimate being for a $1.6 billion industry loss.
There is a growing trend of states recognizing time-sensitive demands, which can carry extra-contractual exposures for insurers. Insurers are faced with large claim volume, excessively large demand packages, and time-sensitive deadlines imposed upon them by state regulators and agencies.
Bankrupt Catholic dioceses are buckling to child sex abuse victims’ payout demands by offering them valuable rights to directly sue church insurers, riling up questions about the legality of such deals.
A live Twitter chat is being conducted on Thursday, Nov. 17, at 1 p.m., ET, as part of International Fraud Awareness Week, according to the Insurance Information Institute (Triple-I), one of the event’s participants.
