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Charles Taylor Launches US Environmental Services Division

Charles Taylor Launches US Environmental Services Division

Insurance services and claims solutions provider Charles Taylor is launching a new US-based division that is focused on offering pre-risk and post-loss environmental services.

Known as Charles Taylor Environmental Technical Services (CT Environmental), the new business will be led by Kellie Vazquez, SVP of CT Environmental. Vazquez has 12 years of experience providing environmental services to the insurance industry.

CT Environmental will provide a full range of environmental specialty services to clients throughout the US, from its location in California. The division's services â€' all designed to meet the needs of the commercial, industrial, and residential sectors â€' will include asbestos, lead, mold, bacteria, sewage, and soot assessments, as well as indoor air quality testing.
June 11, 2021 Excess & Surplus Lines Liability Property

A Most Memorable Claim

A Most Memorable Claim

Rarely do claims professionals play a role in limiting liability, often because a loss has already occurred by the time they receive a new matter. That is one of the biggest differentiators in specializing in cyber-related claims, according to our next most-memorable claim interviewee, Christine Flammer.
June 10, 2021 Excess & Surplus Lines

Pay Up or Shut Down?

Pay Up or Shut Down?

It had been simmering beneath the surface for some time. The profound increase in frequency and severity of ransomware attacks on U.S. businesses in every sector was impossible not to notice.
June 3, 2021 Excess & Surplus Lines Risk Management

Cyber Insurance Fuels Ransomware Payment Surge

Cyber Insurance Fuels Ransomware Payment Surge

Companies relying on their cyber insurance policies to pay off ransomware criminals are being blamed for a recent uptick in ransomware attacks.
June 3, 2021 Excess & Surplus Lines

How the Insurance Industry Could Bring Down Fossil Fuels

How the Insurance Industry Could Bring Down Fossil Fuels

Late last year, Lloyd's of London announced plans to stop selling insurance for some types of fossil fuel companies by 2030.
May 28, 2021 Excess & Surplus Lines Risk Management Underwriting

Firefighting Helicopter Crashes In Florida, No Survivors

Firefighting Helicopter Crashes In Florida, No Survivors

At least one person died after a firefighting helicopter crashed Tuesday evening during a training exercise, officials say.
May 26, 2021 Excess & Surplus Lines Workers' Compensation Florida

If the Federal Government Ever Gets Around to Legalizing Cannabis, Here Are the Insurance Implications

If the Federal Government Ever Gets Around to Legalizing 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.
May 21, 2021 Excess & Surplus Lines

GEICO at Center of Unemployment Benefits Scam

GEICO at Center of Unemployment Benefits Scam

Things are looking pretty rough for GEICO, as not only did the insurer recently suffer a data breach, but it was also discovered that the hackers responsible are using consumers' compromised information to fraudulently apply for unemployment benefits.
May 20, 2021 Excess & Surplus Lines Fraud Liability

Insurer Says Not Obligated to Cover in Kobe Bryant Crash

Insurer Says Not Obligated to Cover in Kobe Bryant Crash

A Sompo International Holdings Ltd. unit has filed suit seeking a declaration it is not obligated to indemnify the helicopter company that allegedly arranged the flight in which basketball star Kobe Bryant and his daughter were killed last year.
May 19, 2021 Excess & Surplus Lines Litigation California

Mass Shooting Insurance in High Demand as U.S. Emerges From Lockdown

Mass Shooting Insurance in High Demand as U.S. Emerges From Lockdown

As normality filters back into American lives after a year of lockdowns, hospitals and other institutions are busy making provisions for one aspect of that old normal they would rather consign to the past - mass shootings.
May 17, 2021 Excess & Surplus Lines

Train in Iowa Hauling Hazardous Materials Derails and Catches Fire

Train in Iowa Hauling Hazardous Materials Derails and Catches Fire

About 80 people in a city in northwest Iowa were evacuated on Sunday afternoon after part of a Union Pacific train hauling hazardous materials, including fertilizer and asphalt, derailed and then caught fire, officials said.
May 17, 2021 Excess & Surplus Lines Iowa

Texas Senate Committee Approves Legislation to Curb Lawsuit Abuse

Texas Senate Committee Approves Legislation to Curb Lawsuit Abuse

The Texas Senate Transportation Committee has unanimously approved a House bill that would help curb the growing trend of lawsuit abuse targeting commercial vehicles in Texas.
May 14, 2021 Excess & Surplus Lines Legislation & Regulation Texas

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom

Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country's largest fuel pipeline, according to two people familiar with the transaction.
May 13, 2021 Excess & Surplus Lines

Fuel Pipeline Hack Spurs Emergency Order from White House

Fuel Pipeline Hack Spurs Emergency Order from White House

The federal government issued a rare emergency declaration on Sunday after a cyberattack on a major U.S. pipeline choked the transportation of oil to the eastern U.S.
The Colonial Pipeline, responsible for the country's largest fuel pipeline, shut down all its operations Friday after hackers broke into some of its networks.
May 10, 2021 Excess & Surplus Lines

Allstate Reveals 17,000% Unemployment Fraud Increase

Allstate Reveals 17,000% Unemployment Fraud Increase

Identity theft specifically linked to unemployment jumped to astronomical levels last year during the COVID-19 pandemic, according to data from Allstate Identity Protection (AIP), Allstate Insurance's identity theft insurance business.
May 7, 2021 Excess & Surplus Lines Fraud
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