A former New York Giant who sued a prominent Manhattan surgeon for allegedly ending his football career won a whopping $28.5 million verdict in the case. Running back Michael Cox, 33, had a four-year, $2.3 million contract with Big Blue when he was tackled during a November 2014 game in Seattle.
The insurance industry is one of the largest in the world and has been around for hundreds of years, making it ripe for transformation by newcomers in the space. Over the past five to ten years, technology has pushed the frontier of what’s possible, making way for a new breed of digital-first insurance companies to come to life.
A massive, deadly hurricane like Ian could topple the state’s already unstable property insurance market, some lawmakers and industry experts said Tuesday, as the storm took aim at Florida.
The Vermont Supreme Court revived a military shipbuilder’s lawsuit for insurance coverage of lost income and extra expenses incurred in dealing with the virus that causes COVID-19, becoming the first state high court to rule for the policyholder in such cases.
Star Trek was ahead of its time in many ways, and not just because the sci-fi franchise portrayed a future several centuries after the series first aired in the 1960s. The cult classic TV show/films imagined what life might be like in the 23rd century, when humankind could be hurtling on spaceships through unknown universes. Much of the show was fantasy, of course, but the series has been heralded for foreshadowing the future.
Post-tropical storm Fiona swept through Atlantic Canada and eastern Quebec this weekend, knocking out power to hundreds of thousands of people, washing away homes and cottages, and causing widespread flooding and infrastructure damage.
State regulators have asked a judge to place a property-insurance company in receivership, making it the sixth Florida property insurer declared insolvent this year amid widespread financial problems in the industry.
As projected, tropical storm Ian continued to intensify and has now been upgraded to a hurricane by the National Hurricane Center (NHC), with the model consensus showing a rapidly intensifying hurricane Ian reaching Category 3 or 4 strength as it heads towards the Florida Peninsula.
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.
