Aircraft lessors are filing claims for payouts, but insurers don’t agree that coverage extends that far. When Russia invaded Ukraine, it threw a number of markets into turmoil, and in the case of the aircraft market, it has also led to a tremendous insurance battle.
The debate concerning the applicability of general liability policies to claims arising out of violations of the Illinois Biometric Information Privacy Act (‘BIPA’) has not gone all that well for insurers. The Illinois Supreme Court in West Bend Mut. Ins. Co. v. Krishna Schaumburg Tan, Inc., 2021 IL 125978, held that a BIPA violation satisfies the publication criterion of the advertising injury coverage grant.
It has been over 2 years since the first COVID pandemic hit the United States. We are currently on multiple variants of this virus. For most Americans, COVID has impacted nearly every aspect of our lives: how we travel, work, shop, and interact with each other.
Thirty-five percent of workplace injuries occur during a worker’s first year on the job, regardless of age or experience, according to a report released Monday by Travelers Cos. Inc.
Tesla Insurance, which last month began underwriting its own policies in three states, could pose a challenge to traditional auto insurers in the long term, according to analysts at Morgan Stanley.
Like so many other industries, insurance is becoming increasingly data-driven. Data, of course, has always been an important resource for decisions on claims, risk, and coverage.
With wildfires becoming bigger and more destructive as the West dries out and heats up, agencies and officials tasked with preventing and battling the blazes could soon have a new tool to add to their arsenal of prescribed burns, pick axes, chain saws and aircraft.
Wind-whipped flames raced across more of New Mexico’s pine-covered mountainsides on Monday, closing in on a town of 13,000 people where some residents hurried to pack their cars with belongings, others hustled to clear brush from around their homes, and police were called in to help evacuate the state’s psychiatric hospital.
On the same day as the Alabama Court of Appeals issued its ruling in O’Brien v. Mobile Public Library, attempting to curtail the rights of a workers’ compensation carrier against UM/UIM benefits, the Kansas Court of Appeals was doing exactly the opposite.
The insurance industry is currently in the most competitive labor market most professionals have ever experienced. Seasoned employees are retiring, ‘the Great Reshuffle’ persists, and new roles and opportunities are emerging to meet shifting needs and requirements.
Average Length of Rental (LOR) for collision-replacement rentals in the first quarter of 2021 increased by 4.9 days from 2021, continuing a ‘trend of unprecedented industry increases,’ Enterprise Holdings said in a quarterly report issued Thursday.
With climate-related risks driving ever-increasing losses and generating daily headlines, it’s more important than ever for government, the private sector, and academia to engage with each other publicly in ways that shed light on these challenges to illuminate a path forward.
Litigation is rarely cheap, but it is often necessary. Nowhere is this truer than in the area of insurance subrogation, where those who resist paying subrogation claims assume that insurance companies are loath to pull the trigger and file suit and will, therefore, never pay full value on subrogation claims with even the clearest liability facts.
