AT&T Sued For $224M By Cryptocurrency Investor Who Lost A Fortune In Phone Hacks
Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $24 million in two different hacks of his phone over the course of seven months. Terpin alleges that the hacks were only possible because the hackers had an inside person at AT&T who provided access to Terpins account.
August 17, 2018
Excess & Surplus Lines
Liability
Litigation
Global Broker Enters Cannabis Insurance Market
Global insurance brokerage Hub International is joining the cannabis craze with the launch of a new comprehensive cannabis insurance and risk services offering.
August 15, 2018
Excess & Surplus Lines
Liability
Philadelphia Eagles Player First NFLer to Collect From Loss-Of-Value Insurance Policy
Philadelphia Eagles offensive lineman Chance Warmack will become the first NFL player to collect on a loss-of-value policy. Warmack took out an insurance policy that would have him collect if his second contract in the NFL was less than $20 million, sources told ESPN.
August 14, 2018
Excess & Surplus Lines
Pennsylvania
3 Million Patient Records Breached In Q2
Nearly 3.14 million patient records were breached during 142 incidents disclosed during the second quarter of 2018, according to a Protenus report. The report, part of the "Protenus Breach Barometer" monthly series, analyzed healthcare breaches reported to HHS or disclosed to the media from April through June 2018.
August 13, 2018
Excess & Surplus Lines
Risk Management
Sinkhole Traps Six Cars In Pennsylvania Shopping Center
A sinkhole that opened up at a Tanger Outlets parking lot in Lancaster County on Friday, has left some of its shoppers in a tough spot. A few of those whose cars were swallowed in, are now looking at pricey repairs.
August 13, 2018
Auto
Excess & Surplus Lines
Liability
Subrogation
Pennsylvania
Who Should Provide Indemnity For IoT Medical Devices?
Healthcare organizations are extremely vulnerable to cyber threats because of the valuable nature of the data they collect. Cyber criminals can generate more profit selling static healthcare information on the dark web that they can selling payment card information because the window of opportunity (before fraud is flagged and details are changed) is often much greater.
August 13, 2018
Excess & Surplus Lines
Life & Health
Woman Files Two Fraudulent Claims For Engagement Ring That Ex Kept
A Renton Woman pleaded not guilty to one charge of first-degree theft and two counts of filing a fraudulent insurance claim in King County Superior Court on Monday.
August 9, 2018
Excess & Surplus Lines
Fraud
Washington
$2M Settlement To Victims Family In Wrongful Death Suit Involving Police
A U.S. federal district judge has given final approval on the $2 million settlement of a federal lawsuit brought by the estate of Autumn Steele, who was fatally shot by a Burlington police officer in 2015.
August 9, 2018
Excess & Surplus Lines
Liability
Litigation
Iowa
Eleven Americans File Lawsuits Against Aeromexico Over Plane Crash
Eleven U.S. passengers who survived an Aeromexico crash in the northern Mexican state of Durango on July 31 filed lawsuits against the airline in Chicago on Monday, according to a statement by Chicago-based attorneys Corboy & Demetrio.
August 8, 2018
Excess & Surplus Lines
Liability
Litigation
Illinois
Small Plane Crash In Santa Ana Kills All Aboard
The CEO of a San Francisco real estate company and four others died when a private plane he was piloting crashed into a a Southern California parking lot, according to the Orange County coroner.
August 6, 2018
Excess & Surplus Lines
California
World Trade Center Developer Loses Final 9/11 Lawsuit Against Insurer
A federal judge on Thursday rejected a lawsuit by the developer of New Yorks World Trade Center seeking to take a $14 million cut of a settlement between its insurer and airlines over the Sept. 11, 2001, attacks.
August 6, 2018
Excess & Surplus Lines
Liability
Litigation
Property
New York
Insurtech Launches Usage-Based Drone Coverage
Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
August 2, 2018
Excess & Surplus Lines
Liability
Technology
Alabama
Alaska
Arizona
Arkansas
California
Five Critically Injured In Texas Gas Pipeline Blast
A series of natural gas pipeline explosions in Midland County, Texas sent five people to hospital with critical burn injuries, and interrupted energy pipeline operations in the area, officials said.
August 2, 2018
Excess & Surplus Lines
Workers' Compensation
Texas
Hawaiian Homeowners Claim Bad Faith By Surplus Lines Insurer LLoyds
Lloyds of London is having a tough time right now. The worlds oldest insurance market is embroiled in a legal battle after one of its syndicates was accused of breach of contract, deceptive business practices, bad faith and conspiracy.
August 1, 2018
Excess & Surplus Lines
Litigation
Property
Hawaii
Widespread Tornado Damage In Northern Colorado Town Of Brush
A community has a lot to clean up after a tornado dealt widespread damage to the city of Brush in Fort Morgan County. The storm hit Sunday afternoon knocking out power and leaving electrical lines down on the roads.
July 31, 2018
Auto
Excess & Surplus Lines
Property
Colorado



