Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 18, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner that went all the way to the U.S. Supreme Court resulted...
How to Sell Yacht Insurance Amidst a Rising Tide March 18, 2024 By Josh Giordano The market for yacht insurance has hardened in recent years, due to the frequency and severity of catastrophic (CAT) claims....
Spike in Recent Ratings Downgrades Shows Challenges for US Insurers March 18, 2024 Negative ratings actions and financial challenges are forcing carriers to explore reinsurance options offering needed capital, according to a report...
Family Dollar to Pay $41M Over Rodent-Infested Distribution Center March 18, 2024 Family Dollar agreed to pay $41.7 million for holding food, drugs, medical devices, and cosmetics under insanitary conditions at company’s...
Skeptical AM Best Tags US D&O Segment With Negative Outlook March 18, 2024 By Chad Hemenway Rating agency AM Best has assigned a negative outlook to the U.S. directors and officers liability insurance segment as more...
AccuWeather Warns of ‘Super-Charged’ 2024 Hurricane Season March 18, 2024 By Ezra Amacher AccuWeather experts warn that the return La Nina and historically warm water across the Atlantic Ocean could contribute to a...
3 Emerging Risks: AI-Driven Civil Unrest, Heavy EVs, Solar Panel Safety March 18, 2024 By Lee Shavel Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced...
Southern California Edison to Pay $80M to US Over 2017 Wildfire March 18, 2024 By Jonathan Stempel Southern California Edison agreed to pay the United States $80 million to cover costs and damages incurred by the U.S....
State Farm Sues Norfolk Southern Over Ohio Train Derailment March 18, 2024 By Ezra Amacher State Farm Insurance brought forth a subrogation lawsuit against Norfolk Southern over damages to a pair of East Palestine, Ohio...
Report Looks at Cumulative Trauma and Litigated Claims in California Workers’ Comp March 18, 2024 A California Workers’ Compensation Institute study shows nearly half of all litigated claims in the Los Angeles Basin are cumulative...