Home insurance costs rise an average of 21% after a lawsuit, according to a new study by ValuePenguin. However, while home insurance rates increase on average after personal liability claims in every state, the amount premiums jump varies by location.
St. Charles Farms, a horse farm and equestrian center in St. Charles, Ill., offered off-site trail riding events on different forest preserves several times a year.
In a win for policyholders, a federal court has ruled that a ‘bump-up’ exclusion in a directors and officers policy did not bar coverage for the insureds’ almost $100 million settlement of two actions relating to a 2015 merger.
Under a claims-made-and-reported insurance policy, an insurer may disclaim coverage if the insured fails to report a claim made against it to its insurer during the policy period (or extended reporting period).
A federal judge last week ruled that a Pennsylvania-based insurance company is not on the hook for any potential liabilities generated by suspended South Carolina attorney Richard Alexander ‘Alex’ Murdaugh or his son Richard Alexander ‘Buster’ Murdaugh, Jr. in connection with the death of a teen in a 2019 boating accident.
Crawford & Company, the world’s largest publicly listed independent provider of claims management and outsourcing services to carriers, brokers and corporations, has announced that Marie Velez, vice president of finance at Crawford & Company in Latin America, has been named Woman of the Year at the Stevie International Business Awards.
One of the primary insurers of Irving-based Boy Scouts of America announced Tuesday that it has reached a tentative settlement agreement with the organization and with attorneys representing tens of thousands of men who say they were molested decades ago by scoutmasters and others.
On July 9, 2021, New York City’s Biometric Identifier Information law went into effect, implementing a host of regulations regarding the collection, use, and sale of biometric data by commercial establishments in the five boroughs.
Search ‘climate change and insurance’ on the internet, and there will be no lack of information on the intersection between global warming and property insurance.
New data shows a sustained increase in U.S. traffic deaths that regulators ascribe to impaired driving, speeding, a failure to wear seats beats and other unsafe behavior since the start of the coronavirus pandemic.
