War Risk Exclusions Threaten Cyber Coverage
It has become common knowledge that some cybercriminals are affiliated with nation states, and may have state backing for the mayhem they have wroughtmoney stolen from international banking funds transfer systems, email caches hacked and exposed, reams of personal data published.
April 8, 2019
Excess & Surplus Lines
Litigation
Property
Helicopter Crash-Lands On Florida Roadway, Rotor Blade Kills Truck Passenger
The helicopter involved in a crash-landing that resulted in the death of a motorist Thursday had possible mechanical problems days before, according to the Federal Aviation Administration.
April 5, 2019
Auto
Excess & Surplus Lines
Liability
Subrogation
Florida
Is Any Body Safe? Insuring Medical Devices Against Cyberattacks
Cybersecurity is a hot topic in every area of businessincluding insurancebut medical devices may not immediately come to mind when considering immediate or long-term cyber risks.
April 4, 2019
Excess & Surplus Lines
Risk Management
Technology
Ethiopian Crash Could Be Largest Non-War Aviation Reinsurance Claim: Willis Re
Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers profitability, reinsurance broker Willis Re said.
April 1, 2019
Excess & Surplus Lines
Litigation
Injured Linebacker Sues Two Insurers For Denying Claim
A linebacker who once played for the Texas Longhorns is suing two insurers for their refusal to pay off a “loss of value” policy.
March 29, 2019
Excess & Surplus Lines
Litigation
Texas
How Sports Hazing And Abuse Affects Insurers
There seems to be no shortage of hazing and abuse incidents in the news lately. Earlier this month, a Miami University student was allegedly hit “with a paddle with spikes and grooves,” forced to drink large amounts of alcohol and smoke marijuana in a hazing incident.
March 28, 2019
Excess & Surplus Lines
Risk Management
Intense Fertilizer Tanker Explosion In South Arkansas Creates Blast Wave, Kills Driver
One person was killed when a fertilizer truck exploded in southern Arkansas Wednesday morning, causing a boom that was heard for miles and prompting an evacuation of the surrounding area, authorities said.
March 27, 2019
Excess & Surplus Lines
Subrogation
Workers' Compensation
Arkansas
Nebraska
Petrochemical Leak Keeps Stretch Of Houston Port Closed A Third Day
Ship traffic was halted for a third day on Sunday along a key stretch of the United States busiest oil port as emergency workers siphoned fuels from the Houston Ship Channel that leaked from a massive fire at a nearby petrochemical storage facility.
March 25, 2019
Excess & Surplus Lines
Liability
Texas
New Fire At Deer Park Plant As Leaking Toxins Close Ship Channel
A fireball again erupted into the sky. An unknown volume of chemicals leaked into waterways, destined for Galveston Bay. Deer Park residents peered out their windows at another plume of black smoke.
March 25, 2019
Excess & Surplus Lines
Liability
Texas
Two Semitrailers Involved In Fatal Interstate Chain-Reaction Crash
One person is dead and three others were sent to the hospital after a chain-reaction crash between two tractor-trailers and five vehicles Saturday on westbound I-70 in Terre Haute.
March 20, 2019
Auto
Excess & Surplus Lines
Liability
Subrogation
Indiana
2 Dead, Dozens Injured In Charter Bus Crash In Virginia
Two people were killed and several others hurt when a Taos Travel Inc. bus overturned on Interstate 95 in Prince George County Tuesday morning.
March 20, 2019
Excess & Surplus Lines
Liability
Massachusetts
Virginia
Texas Petrochemical Fire Spreads To More Storage Tanks After Firefighting Snag
A raging fire at a petrochemical storage terminal in Houston has engulfed two more massive tanks after firefighting water pumps stopped working for six hours, the company said on Tuesday.
March 19, 2019
Excess & Surplus Lines
Texas
Mold Damage From Allegedly Defective Work Excluded From CGL Coverage
Following a contractors remodeling of a house, the home owner sued the contractor and its commercial general liability (CGL) insurer, Wisconsin Mutual Insurance, as well as its own homeowners insurer, Hastings Mutual Insurance. The home owner claimed the house was rendered uninhabitable by the contractors negligent work on a bathroom that resulted in leaking water, which caused mold to grow and then release the chemical trichothecene into the residence.
March 18, 2019
Education & Training
Excess & Surplus Lines
Liability
Litigation
Property
Wisconsin
AI-Generated Artwork Raises Intriguing Insurance Questions
Christies recently held the first-ever auction of artwork created by artificial intelligence (AI). The AI-generated piece, which involved some minimal human intervention by Paris-based art collective Obvious, shocked the art world by selling for $432,500, more than 40 times the official estimates.
March 18, 2019
Excess & Surplus Lines
Risk Management
Technology
Record Travel Insurance Claims Expected Following Grounding Of Boeing Jets
Online travel insurance broker InsureMyTrip is expecting a record number of claims following the grounding of Boeing 737 Max jets.
March 15, 2019
Excess & Surplus Lines



