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IndyCar Racing: The Risk Is Part Of The Show

Since they took over running Pocono Raceway for their grandfather, Dr. Joseph Mattioli, in 2011, Brandon and Nick Igdalsky have enhanced the racetrack in Monroe County with numerous amenities.
August 21, 2018 Auto Excess & Surplus Lines Liability Pennsylvania

Museum Visitor Falls Into Black Hole That Looks Like A Painting

Like a real-life version of a Looney Tunes cartoon, a visitor to a Portuguese museum was injured last week when he stepped into an art installation resembling an inky void.
August 21, 2018 Liability Weird

The Utilities’ Liability For California’s Wildfire Woes

When all the options are bad, choosing the least-bad option won’t make anybody happy. That’s what’s likely to happen with a stack of proposed legislation to deal with liability for the catastrophic wildfires that have scorched hundreds of thousands of acres across California.
August 20, 2018 Legislation & Regulation Liability California

Texas Jury Finds Toyota Negligent In Accident, Awards $242M To Family

A Texas jury awarded damages of $242 million to a Dallas family after finding that defects in the family’s Lexus sedan caused injuries to their two children during a rear-end collision, the law firm representing the plaintiffs said on Friday.
August 20, 2018 Liability Litigation Texas

Mom Saves Kids From Toy Car On Fire

A Massachusetts mother saved her children’s lives after rushing to pull them out of a toy car moments before it went up in flames. The fire consumed a child’s toy electric vehicle. Just moments before Michelle Kline’s two kids were in it.
August 20, 2018 Liability Massachusetts

AT&T Sued For $224M By Cryptocurrency Investor Who Lost A Fortune In Phone Hacks

Cryptocurrency investor Michael Terpin is understandably upset that he lost a combined $24 million in two different hacks of his phone over the course of seven months. Terpin alleges that the hacks were only possible because the hackers had an inside person at AT&T who provided access to Terpin’s account.
August 17, 2018 Excess & Surplus Lines Liability Litigation

Industry 4.0: What It Means For Insurance

The topic of Industry 4.0 has been discussed at many conferences in recent times. When you talk to participants and colleagues, you quickly realize that everyone associates this buzz phrase with something different.
August 17, 2018 Education & Training Liability Property Risk Management Technology

Report: Oat-Based Breakfast Foods Contain Unsafe Amounts Of Weed Killer

A number of popular breakfast foods, including cereals, granola bars and instant oats, were tested and found to contain potentially dangerous amounts of cancer-linked glyphosate, the main ingredient in weed killer.
August 16, 2018 Liability

Global Broker Enters Cannabis Insurance Market

Global insurance brokerage Hub International is joining the cannabis craze with the launch of a new comprehensive cannabis insurance and risk services offering.
August 15, 2018 Excess & Surplus Lines Liability

The Institutes RiskBlock™ Alliance Adds 12 New Risk Management & Insurance Corporate Members

The Institutes RiskBlock™ Alliance announced today that 12 additional companies have joined the risk management and insurance industry’s first enterprise-level blockchain consortium, bringing the total number of member companies to 30.
August 15, 2018 Auto Liability Property Risk Management Subrogation

Economic Growth Helps Insurers, Reinsurers In 2018

Rate increases began to bolster the bottom line for reinsurers during the first half of 2018, and insurers saw added income from higher interest rates and a growing U.S. economy, say analysts surveying the sector’s second-quarter results.
August 14, 2018 Catastrophe Liability Property Risk Management Workers' Compensation

Sinkhole Traps Six Cars In Pennsylvania Shopping Center

A sinkhole that opened up at a Tanger Outlets parking lot in Lancaster County on Friday, has left some of its shoppers in a tough spot. A few of those whose cars were swallowed in, are now looking at pricey repairs.
August 13, 2018 Auto Excess & Surplus Lines Liability Subrogation Pennsylvania

Verdict For Plaintiff In First Roundup Cancer Trial: $289 Million

A California jury on Friday found Monsanto liable in a lawsuit filed by a man who alleged the company’s glyphosate-based weed-killers, including Roundup, caused his cancer and ordered the company to pay $289 million in damages.
August 13, 2018 Liability Litigation California

Italian Police Bust Bone-Breaking Insurance Fraud Gangs

Eleven people from the Sicilian capital Palermo have been arrested, police said. They include a hospital nurse who would procure painkillers for the victims in order to lessen their screams as their bones were broken.
August 10, 2018 Auto Fraud Liability Weird

Chain-Reaction DUI Crash Causes Six-Car Pileup On California Highway

A six-car crash involving a big rig early Monday morning brought southbound traffic on Highway 99 to a total stop and resulted in one DUI arrest, the California Highway Patrol reported.
August 9, 2018 Auto Liability California
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