A New Jersey appeals court ruled last week that an exclusion for ‘hostile/warlike action’ in insurance policies covering "all risks" didn’t bar a pharmaceutical company’s claim for damages in a cyberattack.
  May 10, 2023   ABA Journal Excess & Surplus Lines Litigation New Jersey

In a recent decision from the United States District Court for the Middle District of Florida, Tampa Division, styled KT State & Lemon, LLP et al. v. Westchester Fire Ins. Co. et al., the Court granted summary judgment to the Plaintiffs and held that a series of leaks occurring over a three-month period constituted a single ‘occurrence’ under a specific Builder’s Risk Policy.
  May 3, 2023   JD Supra Excess & Surplus Lines Litigation

Well, it looks like SpaceX’s Starship had a bit of a rough day. You know that feeling when you’re super excited for a big trip and then your car explodes just a few minutes after leaving the driveway? Yeah, that’s pretty much what happened here.
  April 20, 2023   Claims Pages Staff Excess & Surplus Lines Texas

Almost a third (30%) of all IT and security professionals whose firms suffered a data breach did not publicly disclose the event, but rather decided to sweep it under the rug.
  April 7, 2023   Techradar Excess & Surplus Lines Fraud

There were 1,778 ‘supply-chain risk events’ across the United States and Canada in 2022, an increase of 15% from 2021, according to CargoNet, a commercial theft-prevention and recovery service.
  April 3, 2023   Risk & Insurance Excess & Surplus Lines

This year expects to see challenges in the housing market, construction industry, and claims. The headwinds are plenty: higher interest rates for construction loans, rising labor and material costs, slowing demand from homebuyers squeezed by more expensive mortgages, and fears of a looming recession as cities continue to recover from the pandemic.
  March 31, 2023   CLM Excess & Surplus Lines Property

Butler County Judge Noah Powers designated this week the lawsuit against Spooky Nook Sports Champion Mill and its owner, a subcontractor, and multiple insurance companies as ‘complex litigation.’
  March 28, 2023   Journal-News Excess & Surplus Lines Litigation Ohio

Ohio filed a lawsuit against railroad Norfolk Southern to make sure it pays for the cleanup and environmental damage caused by a fiery train derailment on the Ohio-Pennsylvania border last month, the state’s attorney general said Tuesday.
  March 15, 2023   NPR Excess & Surplus Lines Liability Litigation Ohio

Louisiana Republican gubernatorial candidate Sen. Sharon Hewitt is promising to shut down all coastal litigation involving alleged damage from energy companies.
  March 2, 2023   The Center Square Excess & Surplus Lines Litigation Louisiana

Residents of East Palestine in northeast Ohio have been asked to evacuate, as officials fear the cars of a train that derailed nearby might explode or release toxic gases.
  February 6, 2023   NPR Excess & Surplus Lines Ohio

With interest rates on the rise, sticky inflation, few signs of a cooling labor market, and continued instability in Russia, China and beyond affecting energy prices and exports, the builder’s risk insurance industry is in store for more complex claims in 2023.
  January 6, 2023   JD Supra Excess & Surplus Lines

The insurance industry may turn its back on the renewable energy sector if it endures another year of unprecedented natural catastrophe losses like 2022.
  December 15, 2022   Risk & Insurance Catastrophe Excess & Surplus Lines

Hurricane Lisa’s landfall in Belize on November 2 triggered a parametric insurance policy that quickly provides funds to repair storm damage to the world’s second-largest barrier reef system.
  December 1, 2022   Triple-I Resilience Blog Excess & Surplus Lines

About 75% of organisations have experienced a serious cyberattack in the past three years -- up from 60% last year -- according to the 2022 Cyber Security Insights Report conducted by S-RM, a global intelligence and cybersecurity consultancy.
  November 18, 2022   Financial Management Excess & Surplus Lines Technology

PG&E Corp. recorded a $100 million third-quarter charge for a California wildfire that its equipment may have sparked last month in the Sierra Nevada mountains.
California’s biggest utility said the costs of the Mosquito Fire should be largely offset by insurance and other rate recoveries, according to a filing Thursday with the US Securities and Exchange Commission.
  November 2, 2022   Bloomberg Excess & Surplus Lines Liability California

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