
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

Insurers Face Mounting Diversity Practices Lawsuits
U.S. insurers are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives and directors, industry sources said.
December 1, 2020
Excess & Surplus Lines
Litigation
Risk Management

Six Accused Of $6M Cargo Theft At JFK Airport
Six people have been accused of running an organised cargo theft operation at JFK International Airport in New York targeting shipments of designer clothes and accessories.
November 2, 2020
Excess & Surplus Lines
New York

Freight Train Derails In Southeast Texas
A freight train derailed in southeast Texas on Thursday morning, causing railcars to pile up on the tracks and spill over onto a nearby roadway. Five tank cars were breached and no injuries were reported, the Orange County Office of Emergency Management said in a statement.
October 30, 2020
Excess & Surplus Lines
Texas

Building Wave Of Ransomware Attacks Strike U.S. Hospitals
Eastern European criminals are targeting dozens of U.S. hospitals with ransomware, and federal officials on Wednesday urged healthcare facilities to beef up preparations rapidly in case they are next.
October 29, 2020
Excess & Surplus Lines
Risk Management

Claims, Capacity And COVID: Welcome To M&A Insurance In 2020
The mergers & acquisitions market is challenging for insurers due to an increase in claims activity and an oversupply in capacity. Throw a pandemic into the mix, and you get emerging risks, squeamish deal participants and plenty of uncertainty yet deals are getting signed at a record pace.
October 29, 2020
Excess & Surplus Lines

New Hampshire Sues Monsanto Over PCB Contamination
New Hampshire filed a lawsuit Tuesday against the agrochemical giant Monsanto over what it says has been widespread PCB pollution in the state that has fouled waterways and found its way into the wildlife include seals, loons and fish.
October 27, 2020
Excess & Surplus Lines
Litigation
New Hampshire



