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Building Wave Of Ransomware Attacks Strike U.S. Hospitals

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

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 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

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

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

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 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

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

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?

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 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

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

Due To Breach Of Contract, Court Voids Coverage For Massachusetts Boat Shop

Due To Breach Of Contract, Court Voids Coverage For Massachusetts Boat Shop

The owner of a boat repair and storage business won't get any help from his insurance company to fend off lawsuits from customers whose boats were damaged or destroyed in a fire in 2018.
September 14, 2020 Excess & Surplus Lines Litigation Massachusetts

City Of Charleston Sues 24 Oil And Pipeline Firms Over Chronic Flooding

City Of Charleston Sues 24 Oil And Pipeline Firms Over Chronic Flooding

The city of Charleston, South Carolina filed a lawsuit against two dozen of the largest pipeline and oil conglomerates, saying the firms are responsible for making the floods that often hit the port city more frequent and more damaging.
September 11, 2020 Excess & Surplus Lines Liability Litigation South Carolina

Creditors Of Farmers Elevator Co-Op Settle For $1.45M From D&O Insurance

Creditors Of Farmers Elevator Co-Op Settle For $1.45M From D&O Insurance

Creditors of the defunct Ashby Farmers Cooperative Elevator Co. have settled a claim with its former board members for failing to uphold their fiduciary responsibility and monitor the actions of former manager Jerry Hennessey, who stole millions of dollars from the elevator.
September 4, 2020 Excess & Surplus Lines Litigation Minnesota
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