There’s No Place Like Home … For a Catastrophic Claim Denial April 6, 2020 By Bill Wilson An elderly widow in Kentucky was admitted to a nursing home to recuperate from surgery. During her convalescence, her nonresident...
Ransomware Attacks, Funds Demanded Soared in 2019: Beazley April 6, 2020 The number of ransomware attack notifications against insurance clients increased by 131% in 2019 and the funds demanded by the...
COVID-19 Claims to Hit Lloyd’s on Multiple Lines, Says CEO Neal April 6, 2020 By L.S. Howard Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a...
D&O Insurers Brace For Coronavirus ‘Event Driven’ Litigation April 6, 2020 By Jim Sams What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed in late March — one...
Settlement Reached in Lawsuit Involving Wyoming Coal Workers April 6, 2020 Attorneys representing Wyoming coal miners reached a settlement in a class action lawsuit against a bankrupt coal operator. The settlement...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh April 6, 2020 The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as...
Tech Issues Hampered Information on Tsunami Watch for Hawaii April 6, 2020 Technical issues made it difficult to get information about a tsunami watch for Hawaii and its subsequent cancellation, the National...
Accounting Matters and So Does the Balance Sheet April 6, 2020 By Chris Burand I keep seeing agencies that need dramatic improvements to their accounting practices. Many such agencies are small, but not all....
Insurance Is Not A Company’s Primary Line of Defense in a Crisis April 6, 2020 By Sean Murphy and George R. Speckart Imagine your company having a Halloween party: Employees show up wearing costumes mocking your customers, says the chief executive of...
Losses Could Be Substantial for P/C Insurers Writing Event Cancellation Business: A.M. Best April 6, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...