Insurance Taskforce Seeks Federal Backstop For Catastrophic Cyber Loss
The cyber insurance industry has grown exponentially in the past decade. As more and more businesses — of all sizes and in every sector — purchase cyber policies, the cyber insurance industry gains stronger and more actionable data insights.
July 15, 2019
Excess & Surplus Lines
Legislation & Regulation
Risk Management
Technology
Workers Evacuate Gulf Of Mexico Rigs As Storm Gains Strength
Oil and natural gas producers in the U.S. Gulf of Mexico began evacuating workers and shutting in output as a storm gathers strength off the coast of Florida.
July 10, 2019
Excess & Surplus Lines
Property
Louisiana
Mississippi
California Senate Passes Controversial Wildfire Liability Bill With Bipartisan Vote
California senators approved a proposal Monday aimed at stabilizing the state’s electric utilities and putting a renewed focus on safety in the face of devastating wildfires caused by utility equipment, with supporters calling it a plan that holds utilities accountable and protects ratepayers.
July 10, 2019
Excess & Surplus Lines
Legislation & Regulation
Liability
California
Family Of Massachusetts Youth Killed In Blast Settles Suit Against Company
The family of a teenager killed during a 2018 gas explosion that injured a dozen others and destroyed scores of homes in three Boston suburbs settled its lawsuit against Columbia Gas of Massachusetts on Tuesday.
July 10, 2019
Excess & Surplus Lines
Liability
Litigation
Massachusetts
Boeing Offers 737 Max Crash Victims And Families $100 Million In ‘Initial Outreach’
Boeing is offering $100 million to support the families of victims and others affected by two crashes of its 737 Max jetliner, which killed 346 people and have led to scores of lawsuits.
July 5, 2019
Excess & Surplus Lines
Liability
Litigation
Garbage Truck Overturns Near NYC Lincoln Tunnel, Injuring At Least 12
At least 12 people were injured in a crash near New York City’s Lincoln Tunnel on Wednesday when a sanitation truck lost control and veered off a highway overpass.
July 3, 2019
Excess & Surplus Lines
Liability
Workers' Compensation
New York
NY Archdiocese Sues Insurers Over Future Abuse Claims
The Roman Catholic Archdiocese of New York is allegedly suing over 30 insurance companies to compel them to cover claims filed by people who say they have been abused by clerics.
July 3, 2019
Excess & Surplus Lines
Liability
Litigation
New York
40,000 Barrels Of Jim Beam Burn In Kentucky Warehouse
A Jim Beam warehouse caught fire late Tuesday and firefighters struggled to contain the massive blaze, partly because of alcohol in the debris.
July 3, 2019
Excess & Surplus Lines
Property
Kentucky
Nearly $1M Worth Of High-End Cars Stolen From Tennessee Dealerships
A total of 12 vehicles were stolen from dealerships in Franklin and Fayetteville, Tennessee, over the weekend.
July 2, 2019
Auto
Excess & Surplus Lines
Tennessee
Brand New Senior Living Facility Burns Hours Before Fire Sprinklers Activated
A fire has heavily damaged a soon-to-open senior living facility in Rock Valley, Iowa. The fire broke out at RiverView Ridge Senior Living around 6 a.m. Tuesday.
July 2, 2019
Excess & Surplus Lines
Property
Iowa
Record Great Lakes Levels Could Cause Billions In Business Losses
Rising water levels are causing delays in the St. Lawrence Seaway that could cost the economy more than $1 billion, shippers and port operators say.
July 1, 2019
Excess & Surplus Lines
Ten Dead After Small Plane Crashes Near Dallas
Ten people were killed on Sunday when their private turboprop airplane crashed into a hangar during takeoff and burst into flames at the municipal airport in Addison, Texas, outside Dallas, an airport official said.
July 1, 2019
Excess & Surplus Lines
Property
Subrogation
Texas
Florida City Suffers Major Cyberattack, Insurer Covers Most Of Bitcoin Ransom
A city in Florida has been the target of a massive cyberattack that disabled many of the municipality’s systems, forcing city leaders to pay off a hefty ransom to free the computers.
June 28, 2019
Excess & Surplus Lines
Technology
Florida
US Cargo Theft Cases Rise In First Quarter Of 2019
During the first quarter of this year, cargo thefts in the United States rose 25% to 144 reported incidents, with the average loss for each occurrence rising 1% to $116,717, according to a report from the SensiGuard Supply Chain Intelligence Center.
June 28, 2019
Excess & Surplus Lines
Alabama
Alaska
Arizona
Arkansas
California
Vermont Sues DuPont, 3M, Others Over Chemical Pollutants
Vermont announced Thursday that it’s filed lawsuits against DuPont, 3M and other chemical companies for damages it says was caused to groundwater, drinking water and other natural resources by the contamination of a class of potentially toxic chemicals.
June 27, 2019
Excess & Surplus Lines
Liability
Litigation
Vermont
