Law and legal issues

Insurers protecting Florida’s homeowners are going under and it’s not the state’s storms dragging the firms down -- it’s a deluge of lawsuits and fraud.

After reviewing the claims data from 2019 to 2021, Embroker uncovered some interesting trends and shifts that can help insurers predict the types of claims that businesses will most likely continue to see in 2022.

Digital Insurance spoke with Steve Prymas, the chief insurance officer of Embroker, a digital insurance platform, about new products, cybersecurity and digital transformation within the industry.

The most common reason why business executives didn’t purchase executive risk coverages, like D&O, EPL and Fiduciary Liability, was that they didn’t believe the company was big enough to need it, according to a recent study from Coalition, a commercial insurtech.

Using the right advanced technologies, litigation analytics can give you insights into legal cases and trends that were previously unknowable to provide better legal advice, develop better litigation strategies and win more cases.

Federal Insurance Co. sold Paramount an insurance package that was supposed to cover more than $100 million in losses if cast members aren’t able to take part in the production, resulting in delays or interruptions, according to the complaint filed in Los Angeles federal court Monday.

Victims’ lawyers, concerned that Century may claim it can’t pay abuse victims, argue that a related Chubb subsidiary, Insurance Company of North America, known as INA, is also on the hook because it insured the Boy Scouts until about 1996. Chubb argues that INA turned over those policies to Century during a restructuring that year.

Five years after hackers accessed the personal information of 10.6 million individuals, parties to a consolidated class action lawsuit have reached one of the largest healthcare data breach settlements.

Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage for millions of U.S. residents.

Waymo accuses several employees of Otto, a self-driving startup Uber acquired in August, of lifting technical information from Google’s autonomous car project.