Cargo Theft From Union Pacific Trains Rampant In Los Angeles
A section of the Union Pacific train tracks in downtown Los Angeles has been littered with thousands of shredded boxes, packages stolen from cargo containers that stop in the area to unload.
January 14, 2022
Excess & Surplus Lines
California
Fire At ExxonMobil Refinery, Four Employees Injured
Harris County Fire Marshal’s officials are investigating an overnight fire at the ExxonMobil’s Baytown refinery that left four people injured.
December 23, 2021
Excess & Surplus Lines
Workers' Compensation
Texas
Insurer Wants Claims From 2019 Pileup Consolidated In Federal Court
The insurer of the tractor-trailer truck whose driver, according to state police, caused a 59-vehicle pileup on Interstate 80 in December 2019 wants all claims from the crash resolved in federal court.
December 16, 2021
Excess & Surplus Lines
Liability
Litigation
Pennsylvania
5 Top Cyber Claims We Can Expect In 2022
The cyber landscape has undergone a dramatic transformation since the onset of the pandemic. Industries large and small are caught in the crosshairs of increasingly sophisticated attacks. Continued work from home has only increased what’s at stake for all businesses.
December 14, 2021
Excess & Surplus Lines
How To Protect Mobile Device Evidence After Trucking Accident Claims
The aftermath of a motor carrier accident can be a harrowing experience. It is common knowledge that photos; witness statements; alcohol and drug testing; electronic logs; and electronic control module (ECM) data must be collected and preserved amid this chaotic scene.
December 10, 2021
Excess & Surplus Lines
If The Federal Government Legalizes Cannabis, Here Are The Insurance Implications
In his 2015 stand-up special The Comeback Kid, stand-up comedian John Mulaney joked that the government had ‘[become] like cool parents’ when it came to marijuana. It’s a claim many an onlooker would agree with.
November 17, 2021
Excess & Surplus Lines
Legislation & Regulation
Liability
Property
Workers' Compensation
D&O Policy’s Professional Services Exclusion And Contract Exclusion Do Not Bar Coverage For Claims Arising from Trade Show Cancellation
Applying Illinois law, the U.S. District Court for the Northern District of Illinois has held that a D&O policy’s professional services and contract exclusions do not bar coverage for lawsuits seeking damages for fees and expenses paid to the insured in connection with a cancelled trade show.
November 10, 2021
Excess & Surplus Lines
Litigation
Illinois
Quality Control Issues Behind Rise In Offshore Wind Claims
A new report by renewable energy underwriter GCube Insurance argues that corrective action is needed within the offshore wind sector to incentivise quality control processes and accountability for financial losses.
November 3, 2021
Excess & Surplus Lines
RIMS Received $7.6M Event Cancellation Insurance Payout
A $7.6 million event cancellation insurance payout due to the COVID-19 pandemic helped offset the Risk and Insurance Management Society Inc.’s loss of revenue in 2020.
October 29, 2021
Excess & Surplus Lines
Shifting Attitudes On Cyber Insurance Claim Payments
Ransomware attacks are on the rise. Cyber criminals continue to exploit lax security measures, which have become more acute in the work-from-home environment, and hack into companies’ systems, encrypt their data, and then demand multimillion-dollar ransoms.
October 19, 2021
Excess & Surplus Lines
How To Avoid Major E&O Claims
With the continuing pandemic, insurance market conditions are ripe for a surge in agent/broker errors and omissions (E&O) claims.
October 15, 2021
Excess & Surplus Lines
Liability
As Cyber Attacks Increase, Insurers Face Rising Losses
Amid rising losses and increasing claims on cyber insurance, companies that provide insurance against online hackers are facing growing risks, says Fitch Ratings.
October 14, 2021
Excess & Surplus Lines
Plane Crash In San Diego County Kills Two, Burns Homes
A twin-engine plane that killed at least two people and left a swath of destruction in a San Diego suburb nose-dived into the ground after repeated warnings that it was flying dangerously low, according to a recording.
October 12, 2021
Excess & Surplus Lines
Property
Subrogation
California
Class-Action Suit Filed Against Energy Companies Following Huntington Beach Oil Spill
A proposed class-action lawsuit has been filed against the companies who run the oil line that dumped hundreds of thousands of crude oil off the coast of California over the weekend.
October 5, 2021
Excess & Surplus Lines
Litigation
California
Fatal Amtrak Derailment In Montana Under Investigation
Federal investigators are seeking the cause of an Amtrak train derailment near a switch on tracks in the middle of vast farmland in far northern Montana that killed three people and left seven hospitalized over the weekend.
September 27, 2021
Excess & Surplus Lines
Montana
