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Experts assess cyber risks, need for federal backstop
Business Insurance

Experts assess cyber risks, need for federal backstop

Christopher Lewis 2 years ago

NEW YORK — Possessing the federal govt help if there is a cyber-similar disaster is a excellent plan, but only if it is limited to serving as a backstop in a predicament that threatens the coverage industry’s survival, a speaker at the Specialist Legal responsibility Underwriting Society’s cyber symposium reported […]

California med mal cap increase may have wider influence
Business Insurance

California med mal cap increase may have wider influence

Christopher Lewis 2 years ago

Insurers, protection lawyers and the plaintiffs bar commonly welcomed an incremental boost in California’s cap on healthcare malpractice awards that went into effect very last month, and some mentioned it could be a foundation for tort reform in other states. When the Modernized Health care Personal injury Compensation Act will […]

Lockton, former executive in discrimination, noncompete court fight
Business Insurance

Lockton, former executive in discrimination, noncompete court fight

Christopher Lewis 2 years ago

Lockton Cos. LLC and a previous govt who not long ago joined rival Alliant Insurance plan Companies Inc. are embroiled in legal disputes in California and Missouri centering on gender discrimination allegations and a 4-12 months noncompete necessity. Sallie Giblin, who joined Alliant as an government vice president late previous […]

OneBeacon wins against Argonaut in ruling over trucking policy
Business Insurance

OneBeacon wins against Argonaut in ruling over trucking policy

Christopher Lewis 2 years ago

A federal appeals courtroom on Thursday affirmed a lessen courtroom ruling in OneBeacon Insurance coverage Co.’s favor in a dispute with Argonaut Coverage Co. in a scenario involving a trucking coverage. Darrell Esnault, a commercial truck driver, operates a truck that Elmwood Louisiana-primarily based Triple G Specific Inc. leased from […]

Musk found not liable in trial over 2018 Tesla tweets
Business Insurance

Musk found not liable in trial over 2018 Tesla tweets

Christopher Lewis 2 years ago

(Reuters) — A federal court docket jury in San Francisco on Friday found Tesla Inc. CEO Elon Musk and his company ended up not liable for misleading traders when he tweeted in 2018 that he had lined up funding to take the electric car business personal. Plaintiffs experienced claimed billions in damages and the […]

Captives an option amid challenging property insurance market
Business Insurance

Captives an option amid challenging property insurance market

Christopher Lewis 2 years ago

MIAMI – Captives can be employed to beat complicated problems in the business residence insurance plan market place, gurus say.  Deductible buydown or deductible reimbursement guidelines, fronted policies and structured options are methods in which captives can take part in property packages, they said. Captives can be applied to overcome […]

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