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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 wrought—money 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 business—including insurance—but 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 State’s 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 Tao’s 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 contractor’s 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 contractor’s 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

Christie’s 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
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