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
90,0000+ Under Evacuation Orders; California Utility Says It May Have Sparked Blaze
A power company in southern California says its equipment may have sparked a fast-moving wildfire that has forced evacuation orders for around 100,000 people and seriously injured two firefighters.
October 27, 2020
Excess & Surplus Lines
Property
California
COVID Is A Cyber Attack Enabler
Amid the COVID-19 outbreak, many companies have transitioned to an at-home workforce. While remote work itself is not new, the sheer volume of companies deploying technology to stay productive and connected is greater than ever before, potentially proliferating cyber security risk.
October 23, 2020
Excess & Surplus Lines
Risk Management
Paying Ransomware Demands Could Lead To Federal Fines For Victim And Insurer Alike
Companies hit with ransomware cyber attacks are facing a new threat — retaliation from the federal government.
October 20, 2020
Excess & Surplus Lines
The Tough Question For Insurers Withdrawing Coverage From Coal
The industry’s concern over carbon emissions, and their impact on climate change, raises the question of whether nuclear energy is better for the environment.
October 16, 2020
Excess & Surplus Lines
Risk Management
Train Derails In Georgia After Hurricane Delta-Related Storms Wash Out Tracks
The heavy rains from Hurricane Delta that moved through metro Atlanta this weekend washed out train tracks in Lilburn early Sunday morning, causing a train to derail, several rail cars to catch on fire and, as a result, prompting an evacuation of homes in the surrounding area.
October 12, 2020
Excess & Surplus Lines
Georgia
Losses From Entertainment Sector Outweigh Positive Claims Trends — Allianz
The COVID-19 pandemic has had a significant impact on commercial and specialty lines of insurance, creating new trends that seemed to have reduced or changed risk in some areas.
October 7, 2020
Excess & Surplus Lines
As Telemedicine Use Explodes, Are We Certain the Service Is Properly Insured?
Telemedicine services can happen in real time, such as through a Zoom call or another video call provider. They could even be asynchronous — for example, a patient uploads their health data for review and comment at a later time by their physician.
October 2, 2020
Excess & Surplus Lines
Liability
Pennsylvania Worker Can Sue Employer For Medical Marijuana Bias
Pennsylvania’s Medical Marijuana Act provides a private cause of action to workers, allowing state-sanctioned, card-carrying medical pot patients to sue their employers for alleged discrimination based on their lawful use of the drug, a federal judge in Philadelphia ruled on an issue of first impression.
September 30, 2020
Excess & Surplus Lines
Liability
Litigation
Pennsylvania
Playing With Fire…And More
Wood building (including stick-build, tall timber, and mass timber) is increasing in prevalence and complexity, both in commercial and residential markets. With this boom comes a variety of claims, ranging from builder’s risk to construction defect, workers’ compensation to subcontractor default.
September 14, 2020
Education & Training
Excess & Surplus Lines
Risk Management
