Rising ESG and Cyber Risks Transform the Landscape of Professional Liability Insurance
Environmental, social, governance risks and escalating cyber threats are redefining professional liability insurance, influencing rates and litigation trends.
November 17, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Illinois
Use of Onboard Cameras in Fleet Vehicles Touted as Key to Mitigating Liability Risks
In the face of rising nuclear verdicts, risk experts from Crum & Forster advocate the use of cameras in fleet vehicles to minimize liability and enhance safety.
November 17, 2023
Auto
Liability
Risk Management
Technology
Ohio
Insurance Industry Demonstrates Generosity with Over $1 Billion in Charitable Giving in 2022
Insurance industry’s 2022 charitable endeavors exceed $1 billion, highlighting commitment to philanthropy and community support.
November 16, 2023
Education & Training
Liability
Life & Health
Risk Management
Generative AI in Legal and Insurance Fields: A Balancing Act of Trust and Caution
AI’s growing presence in law and insurance raises questions of reliability and the balance of technology and human judgment.
November 16, 2023
Education & Training
Liability
Litigation
Technology
New York
Ohio Court Reopens Dog Bite Claim, Questions Homeowners’ Insurance Policy Exclusion Clarity
An Ohio appellate court has reignited a dog bite case, questioning the clarity of a homeowners’ insurance exclusion policy regarding dogs with a history of violence.
November 15, 2023
Legislation & Regulation
Liability
Litigation
Property
Ohio
West Virginia Supreme Court Rules for Continuous Trigger in Long-Tail Illness Claims Against Insurers
West Virginia Supreme Court’s ruling mandates insurers to cover long-tail illness claims, emphasizing the continuous trigger theory for policies expired years prior.
November 15, 2023
Legislation & Regulation
Liability
Litigation
Risk Management
West Virginia
SpaceX’s Workplace Safety Under Scrutiny Amid Rising Injuries and Regulatory Lapses
SpaceX’s rapid growth and technological advancements are overshadowed by rising worker injuries and weak regulatory responses, highlighting major safety concerns.
November 14, 2023
Legislation & Regulation
Liability
Risk Management
Workers' Compensation
California
Florida
Texas
Washington
Canopius Group Expands Cannabis Insurance Products to Include Transportation Coverage
Canopius Group broadens its cannabis insurance offerings to include coverage for the transportation of cannabis-related products, aligning with legal frameworks.
November 14, 2023
Legislation & Regulation
Liability
Risk Management
GE Aerospace Settles for $9.4 Million Over Inspection Lapses in Military Equipment
GE Aerospace settles with the federal government for $9.4 million over claims of inadequate inspections and nonconforming parts in military equipment.
November 13, 2023
Legislation & Regulation
Liability
Risk Management
Technology
Massachusetts
Ohio
Cyber Insurance Market Emerges as a Highly Profitable Sector Despite Rising Ransomware Attacks
Amid a surge in ransomware attacks, the cyber insurance market remains highly profitable with strong growth potential, demonstrating resilience in the face of evolving cyber threats.
November 13, 2023
Liability
Risk Management
Technology
Underwriting
Florida Insurance Agent Charged in Major Fraud Case Involving Over $130K and Hurricane Ian Claims
A Palm Beach insurance agent’s arrest for fraud casts a shadow on the trust placed in industry professionals.
November 8, 2023
Catastrophe
Fraud
Liability
Property
Florida
Nevada Confronts Soaring Auto Insurance Costs in Public Webinar
The Nevada Division of Insurance recently held a live webinar to provide the public with an opportunity to discuss the rising cost of auto insurance in the state.
November 8, 2023
Auto
Legislation & Regulation
Liability
Risk Management
Nevada
Rethinking Road Rules: U.S. Cities Contemplate ’Right on Red’ Prohibition to Safeguard Pedestrians
A dramatic rise in accidents killing or injuring pedestrians and bicyclists has led to a myriad of policy and infrastructure changes.
November 7, 2023
Auto
Legislation & Regulation
Liability
Risk Management
California
District Of Columbia
Illinois
Michigan
Washington
Embracing AI in Insurance: Balancing Efficiency and Data Security
While generative AI tools offer immense benefits, they also come with legal risks. Insurance brokers, producers, and account executives need to be aware.
November 7, 2023
Education & Training
Liability
Technology
California
Unveiling the Three-Stage Digital Revolution in the Insurance Industry
In an interview with Insurance Thought Leadership, Gaurav Garg from Oliver Wyman discusses the digital transformation in the insurance industry.
October 31, 2023
Auto
Education & Training
Liability
Risk Management
Technology
