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Plane Crashes Into Southern California Home, Killing 5

A small plane crashed into a Southern California home on Sunday, killing five people, injuring two others and spraying debris across several residential blocks that temporarily became a site of chaos.
February 4, 2019 Excess & Surplus Lines Liability Property Subrogation California

Judge Sees A ‘Clear-Cut Pattern’ Of California Utility Starting Wildfires

A federal judge who has emerged as a vocal critic of PG&E Corp.’s safety record, said the California utility giant has a “clear-cut pattern” of starting wildfires and needs “strong medicine” put in place before this year’s season begins.
January 31, 2019 Catastrophe Excess & Surplus Lines Liability Litigation California

The Changing Risk And Liability Landscape For IT Security And Data Risks

Cyberrisks are fast-evolving, posing an ever-changing threat to businesses. According to the annual Allianz Risk Barometer, which surveys more than 1,900 risk experts, cyberrisks have gone from 15th five years ago to now ranking as the second most important peril globally.
January 28, 2019 Excess & Surplus Lines Liability Risk Management Technology

Six Firms Sued By Wisconsin City Over Gas Explosion Damage

The city of Sun Prairie filed a lawsuit Friday against two communications contractors, an underground utility locating service and a gas utility over the July 10 explosion that killed a firefighter and leveled several buildings in the city’s downtown.
January 28, 2019 Excess & Surplus Lines Liability Litigation Wisconsin

The Rapid Spread Of Smart Cities Exchanges Old Risks For New Ones

Smart cities are entering a new phase, as not only are city leaders readily installing digital solutions to improve efficiencies, such as cutting down the minutes spent on a daily commute, but residents are now able to use their smartphones as the keys to the city that unlock further capabilities by injecting additional data into the ‘smart’ ecosystem, according to a 2018 report from the McKinsey Global Institute.
January 22, 2019 Excess & Surplus Lines Liability Risk Management Technology

Washington Regulators Ban Insurance Policies Backed By The NRA For Self-Defense Shootings

Insurance coverage backed by the National Rifle Association that would assist gun owners who later claimed self-defense in a shooting may no longer be sold in Washington state, regulators announced Tuesday.
January 16, 2019 Excess & Surplus Lines Legislation & Regulation Washington

Long-Delayed $20M Insurance Fraud Trial Set To Begin For Pennsylvania Socialite

Jury selection is scheduled to begin Monday in the case of a politically connected Buckingham woman accused nearly four years ago of a $20 million insurance fraud scheme involving a fire that heavily damaged her family’s million-dollar Stony Hill Road mansion.
January 15, 2019 Excess & Surplus Lines Fraud Litigation Property Pennsylvania

Possible PG&E Bankruptcy Would Halt Liability Suits For North Bay Fire Victims

Thousands of Sonoma County families would see their claims against PG&E delayed — and possibly reduced — if the San Francisco utility carries through with its plan announced Monday to file for bankruptcy protection as a result of $30 billion in liability for wildfire damages in recent years.
January 15, 2019 Excess & Surplus Lines Liability Litigation Property Subrogation California

Tech Helps Transportation Firms Fight Nuclear Court Verdicts

The commercial transportation industry in North America is “barely keeping up with the loss trends,” according to a casualty underwriter at Swiss Re. The market is under “significant pressure” following a 5-10-year period where the frequency and severity of losses shot up and insurance rates lagged behind.
January 14, 2019 Excess & Surplus Lines Liability Litigation Technology

Lloyd’s Of London Hit With Federal Class Action Pointing At "Virtually Worthless" Insurance

Certain underwriters at Lloyd’s of London, insurance agencies, and Lloyd’s syndicates have been taken to court.
January 11, 2019 Excess & Surplus Lines Litigation Risk Management Hawaii

Juveniles Play Demolition Derby At CarMax, Cause $800K In Vehicle Damage

A group of juveniles are accused of causing $800,000 worth of damage to mostly high-end vehicles at a Carmax dealership on the North Freeway over the weekend.
January 10, 2019 Auto Excess & Surplus Lines Texas

Lloyd’s Disputes Claim Over Diamond-Studded Statue

A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago.
January 9, 2019 Excess & Surplus Lines Litigation

Cyber Security And Resilience

"Even as we focus on preventing and deterring malicious cyber activity, we must also maintain resilience as events occur.… By applying lessons learned from past incidents we can improve management of future cyber incidents and enhance the country’s cyber-resilience."
January 8, 2019 Excess & Surplus Lines Risk Management Technology

Sharp Increase In Air Crash Deaths In 2018

The Aviation Safety Network (ASN) released its 2018 accident statistics, marking a notable uptick in fatalities from 2017. ASN recorded a total of 15 fatal commercial airliner accidents (12 passenger and three cargo flights), resulting in 556 fatalities.
January 8, 2019 Excess & Surplus Lines Liability

Seven Killed In Fiery Crash On I-75 Near Gainesville, Florida

Seven people were killed and at least seven injured in a fiery crash on an interstate highway in northern Florida on Thursday, fire officials said.
January 4, 2019 Auto Excess & Surplus Lines Liability Subrogation Florida
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