Oregon Utilities Work To Restore Power After Ice Storm Damage
While much of the snow and ice from last weekend’s winter storm has melted, hundreds of thousands of Oregonians are still without power, heat, internet and other services.
February 17, 2021
Excess & Surplus Lines
Property
Oregon
SolarWinds Trojan Hack Estimated To Cost Cyber Insurers $90M
A recent worldwide hacking incident — one that even managed to compromise government systems — will likely cost cyber insurers $90 million for incident response and forensic services, experts project.
January 15, 2021
Excess & Surplus Lines
Deepfake Tech Could Be Major Threat
The use of deepfake video and audio technologies could evolve into a major cyber threat to businesses within the next two years, according to cyber analytics specialist CyberCube.
January 8, 2021
Excess & Surplus Lines
Technology
Climate Change Litigation Goes Before The Supreme Court
In January, the US Supreme Court will hear arguments in one of the lawsuits filed against oil and gas companies for their alleged contribution to climate change. The Court’s ruling will likely have a significant impact on how climate change litigation will proceed and, consequently, on the exposure faced by the “Carbon Majors” – and their liability insurers.
January 6, 2021
Excess & Surplus Lines
Liability
Litigation
Three Key Insurance Law Decisions From 2020
Given all the challenges of 2020, it would be easy to overlook some of the interesting insurance law developments during the last 12 months. The three legal decisions highlighted below from this past year involve dispute points in insurance law that have recurring importance to policyholders’ risk management, in-house legal and treasury departments.
January 4, 2021
Excess & Surplus Lines
Litigation
Property
Train Cars Carrying Crude Oil Derail And Burn North Of Seattle
Seven train cars carrying crude oil derailed Tuesday and five caught fire, sending a large black plume of smoke into the sky north of Seattle close to the Canadian border, authorities said.
December 23, 2020
Excess & Surplus Lines
Washington
Cargo Theft On The Rise
The COVID-19 pandemic has provided an opportunity for cargo thieves, with third-quarter thefts increasing each month year-over-year, according to data from CargoNet.
December 22, 2020
Excess & Surplus Lines
$52.5M Settlement Reached For Circus Acrobats Injured After Rigging Collapse
The eight acrobats injured in a fall that sent them hurtling to the Dunkin’ Donuts Center floor in 2014 have reached a $52.5-million settlement with the Rhode Island Convention Center Authority and the company that manages the center.
December 22, 2020
Excess & Surplus Lines
Litigation
Rhode Island
Tanker Rollover Causes Explosion, Fire On Long Island Expressway
An explosion caused by a tanker truck carrying propane tanks forced a New York City expressway to shut down around midnight Tuesday.
December 22, 2020
Excess & Surplus Lines
New York
Christmas Movies That Would Benefit From Insurance Coverage
It’s less than two weeks until Christmas, and insurance professionals are looking forward to some downtime following an unprecedented year.
December 17, 2020
Excess & Surplus Lines
Property
Texas Trucking Industry Fights Inflated Medical Costs In Litigation
Trucking officials and tort reform advocates in Texas have introduced legislation seeking to end schemes between plaintiff attorneys and doctors under which medical costs related to truck accidents are overstated in court litigation, a practice that critics charge is contributing to a rise in large jury verdicts and lawsuit settlements against trucking companies.
December 16, 2020
Excess & Surplus Lines
Litigation
Texas
West Virginia Chemical Plant Explosion Injures Four
A large explosion at a West Virginia chemical plant flung debris more than a mile away late on Tuesday night, injuring at least four people and forcing a nearby highway and some schools closed, officials said.
December 9, 2020
Excess & Surplus Lines
Subrogation
Workers' Compensation
West Virginia
War Exclusions Need To Evolve For Cyber Insurance To Be Effective
Insurance can act as a key tool in addressing pervasive cybersecurity vulnerabilities, but, according to one report, “Cyber insurance is not yet mature enough to fulfill its potential, partly due to uncertainty about what kinds of cyber risks are, or can be, insured.”
December 8, 2020
Excess & Surplus Lines
Surging Costs Of Cyber Claims
External attacks on companies result in the most expensive cyber insurance losses, but employee mistakes and technical problems are the most frequent generator of claims by number, according to a new report from Allianz Global Corporate & Specialty, Managing The Impact Of Increasing Interconnectivity – Trends In Cyber Risk.
December 2, 2020
Excess & Surplus Lines
Technology
$5M Cyber Claim For Phishing Scam Heads To Supreme Court
A $5-million coverage dispute with The Co-operators that arose from a phishing attack is headed to the Supreme Court of Canada.
December 1, 2020
Excess & Surplus Lines
Litigation
