Powerful Hurricane Dorian is unleashing its full array of hazards on the Carolinas just days after causing a humanitarian crisis in the northwestern Bahamas and then zagging around the Florida Peninsula.
It comes as no surprise to hear that ransomware attacks are on the rise, but new perspectives are connecting this trend with increasing the availability of products from cyber insurance companies.
As Hurricane Dorian made its way closer to Florida on Tuesday, Tropical Storm Fernand formed in the Gulf of Mexico. Tropical Storm Gabrielle formed Wednesday morning in the far east Atlantic.
Cannabis is now legal for medicinal or recreational use (or both) in 33 states and the District of Columbia. As of Oct. 17, 2018, it also became legal throughout Canada. More states are expected to legalize cannabis in some form this year. That means litigation concerning cannabis can be expected to grow, well, like a weed.
To some, it is magic. To insurance, it is reality. The ability to accurately discern the past and predict the future based on nothing but data points and the long-lived experience of actuaries and adjusters has served the industry well, allowing insurance to become a multibillion-dollar industry.
The National Transportation Safety Board (NTSB) said on Tuesday that a Tesla Model S was in Autopilot mode and the driver’s hands were off the wheel when it struck a fire truck in Culver City, California, one of a series of crashes the board is investigating involving Tesla’s driver assistance system.
Hurricane Dorian smashed parts of the tourism-dependent Bahamas to ruins, leaving relief officials scrambling on Tuesday to battle an unfolding humanitarian crisis as the scale of the catastrophe begins to emerge.
The Spanish philosopher George Santayana once said that, “Chaos is the name we give order which produces confusion in our minds.” With that definition in mind, the July 3, 2019 Washington Supreme Court decision of Daniels v. State Farm Mut. Auto. Ins. Co., 2019 WL 2909308 (Wash. July 3, 2019), is responsible for about as much chaos as you can possibly throw into one state’s body of subrogation law.
On May 23, 2019, Florida Governor Ron DeSantis signed into law HB 7065, finally enacting meaningful reforms to combat abusive litigation by contractors against insurance companies. Here’s how it works.
Hurricane Dorian, the storm currently devastating the Bahamas, will cause at least $25 billion of losses for insurers, according to analysts at UBS Group AG, a figure that would make it the most expensive natural disaster for the industry since 2017.
Hurricane Dorian weakened further into a Category 2 hurricane but grew larger in size as it finally began moving northwest Tuesday morning, aiming its dangerous winds and life-threatening storm surge off Florida’s coast after devastating Grand Bahama Island.
Divers searched for more bodies early on Tuesday around the wreck of a boat destroyed by a blaze off the coast of southern California, as authorities launched an investigation into one of the area’s worst maritime disasters.
Hurricane Dorian’s winds ratcheted up to 130 mph Friday night, making it a Category 4, the National Hurricane Center said in an extra update half an hour after its usual 8 p.m. advisory.
Most state workers’ compensation laws, or cases construing them, allow the employer and its carrier to waive its right to subrogate against a third party that caused or contributed to an employee’s injury. The purpose of a subrogation waiver is not well understood and is a subject of some confusion in the marketplace.
