Liability News / Claims Pages / Page 6

Vegas Casinos Hit by Major Cyberattacks: MGM and Caesars Face Severe Consequences

MGM Resorts and Caesars Entertainment face severe fallout from major cyberattacks, highlighting the critical importance of cybersecurity in today’s digital age.

November 17, 2023 Claims Pages Fraud Liability Risk Management Technology Nevada

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 Risk & Insurance 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 Insurance Journal 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 Insurance Information Institute 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 CLM 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 Claims Journal 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 Claims Journal 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 Insurance Journal 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 Insurance Business 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 Insurance Journal 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 Reinsurance News 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 Florida Department of Financial Services 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 Live Insurance News 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 CBS News 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 Insurance Nerds Education & Training Liability Technology California