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Cinema Owner Sues Insurer Over COVID-19 Claim Denial, Despite Pandemic Coverage

Cinema Owner Sues Insurer Over COVID-19 Claim Denial, Despite Pandemic Coverage

A local dine-in theater company thought it was prepared for a crisis like COVID-19. When public health officials forced the closure of its nine Houston-area locations in March, the owners thought they were covered.
April 8, 2020 Excess & Surplus Lines Litigation Texas

D&O Claims From Covid-19 Likely To Grip Industry For Years

D&O Claims From Covid-19 Likely To Grip Industry For Years

Insurers are bracing themselves for billions of dollars of claims because of legal action over the coronavirus pandemic.
April 6, 2020 Excess & Surplus Lines Liability Litigation

Fire Destroys At Least 3500 Rental Vehicles At Florida Airport

Fire Destroys At Least 3500 Rental Vehicles At Florida Airport

A fire that spread through a grassy area of Southwest Florida International Airport has destroyed thousands of rental cars, fire department officials said. The blaze began Friday, spanned 15 acres and originally involved only 20 cars in the grassy rental car overflow area at the airport in Fort Myers, fire department officials said.
April 6, 2020 Auto Excess & Surplus Lines Florida

Train Wreck: Deliberate Derailment An Attempt To Strike Coronavirus Relief Ship In Port Of Los Angeles

Train Wreck: Deliberate Derailment An Attempt To Strike Coronavirus Relief Ship In Port Of Los Angeles

A train engineer faces federal charges after he allegedly admitted to intentionally derailing a train Tuesday near the USNS Mercy, a ship sent to Los Angeles to ease the burden of hospitals treating coronavirus patients, according to the Department of Justice.
April 2, 2020 Excess & Surplus Lines Weird

Insurers Fret As Company Bosses Face Coronavirus Legal Claims

Insurers Fret As Company Bosses Face Coronavirus Legal Claims

Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.
April 2, 2020 Excess & Surplus Lines Liability Litigation

Car Theft Ring Targets Memphis Area Dealerships

Car Theft Ring Targets Memphis Area Dealerships

Eight car dealerships in the Memphis metro area have been hit by an auto theft ring in the past 10 days, according to a news release from the Greater Memphis Auto Dealers Association.
April 2, 2020 Auto Excess & Surplus Lines Property Tennessee

New Phishing Scam Plays On Coronavirus Fears

New Phishing Scam Plays On Coronavirus Fears

A new phishing scam is playing on the public’s fears of the COVID-19 outbreak, according to the world’s largest security-awareness training and simulated phishing platform.
March 31, 2020 Excess & Surplus Lines Technology

Cannabis Services Reform Stalls

Cannabis Services Reform Stalls

The list of states in which marijuana is legal, either for medical or recreational purposes, is expected to continue to grow in 2020. Legislative efforts are expected to continue in New York and New Jersey, despite falling short the previous year, and in other states there are ballot-initiative campaigns aimed at legalizing recreational marijuana.
March 30, 2020 Excess & Surplus Lines Legislation & Regulation

Cannabis Insurance Claims Dominated By ’Inside’ Theft Jobs

Cannabis Insurance Claims Dominated By ’Inside’ Theft Jobs

Theft remains by far the biggest concern for both marijuana and hemp businesses in the United States. The nature of the product and its popularity on the black market make it a prime target for petty and organized crime.
March 25, 2020 Excess & Surplus Lines

Beazley: Ransomware Claims More Than Doubled In The Last Year

Beazley: Ransomware Claims More Than Doubled In The Last Year

Ransomware attacks on a prominent insurer’s client base rose by more than 100% last year, driven by new attacks on healthcare, professional services and financial institutions, according to new figures released Monday.
March 23, 2020 Excess & Surplus Lines

Travel Insurance Probably Won’t Save You From Coronavirus Cancellations

Travel Insurance Probably Won’t Save You From Coronavirus Cancellations

The novel coronavirus outbreak has crippled the travel industry worldwide. Cruises are canceled, major airports are empty and hotel bookings are bottoming out. But is all of the disruption and money lost by travelers covered by trip insurance? Probably not, experts say, even in the wake of a worldwide pandemic.
March 13, 2020 Excess & Surplus Lines Liability

Don’t Burst The Bubble: Underwriting Family Fun Centers

Don’t Burst The Bubble: Underwriting Family Fun Centers

A family fun center is like a bubble of joy. You cross the threshold with your family and friends, and you’re transported into entertainment heaven.
March 12, 2020 Excess & Surplus Lines Liability

Couple Stuck On Princess Cruise Ship Files $1 Million Lawsuit

Couple Stuck On Princess Cruise Ship Files $1 Million Lawsuit

A Florida couple stuck on a coronavirus-plagued cruise ship is suing Princess Cruise Lines. Ronald and Eva Weissberger are seeking more than $1 million in damages, according to the lawsuit filed Monday in the United States District Court for the Central District of California in Los Angeles.
March 11, 2020 Excess & Surplus Lines Litigation California

Understanding Local Pricing Is Crucial For Cannabis Claims

Understanding Local Pricing Is Crucial For Cannabis Claims

Cannabis businesses face a wide array of risks and obstacles. Arguably one of the main exposures to impact the industry so far is theft. As the medical and recreational cannabis markets continue to expand into new states, theft claims involving cannabis-related stock and/or raw materials are also on the rise.
March 10, 2020 Education & Training Excess & Surplus Lines

Excess, Surplus Market Seeing More Insurance Submissions

Excess, Surplus Market Seeing More Insurance Submissions

The excess and surplus lines market is seeing a strong flow of insurance submissions as standard markets cut back on coverage, said attendees at the Wholesale & Specialty Insurance Association’s underwriting summit earlier this week.
March 5, 2020 Excess & Surplus Lines
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