The Connecticut Supreme Court this week upheld a lower court’s ruling that Federal Insurance Co. and Scottsdale Insurance Co. are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …
Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe modeling firm, Risk Management Solutions (RMS). The agreement recognizes the need in the industry for a data standard, according to …
The U.S. Court of Appeals, Ninth Circuit, affirmed last week that Chubb Custom Insurance Co., part of the Chubb Group of Insurance Cos., cannot recoup $2.4 million from its subrogation suit under the Comprehensive Environmental Response, Compensation, and Liability Act …
The New York Road Runners — a non-profit community running group and the organizer of the annual New York City Marathon — could get millions of dollars in insurance proceeds thanks to its event cancellation coverage. The New York Road …
A Virginia appeals court recently ruled that a waiter who was injured at work while attempting to swallow “a piece of quesadilla that was too big for his esophagus” can’t collect worker’s comp benefits. The Court of Appeals of Virginia …
Boston-headquartered insurance giant Liberty Mutual said it is realigning its strategic business units. The company — which reported $139 million profit for its 2012 second-quarter earlier Wednesday — also named executives that will lead each of its four new strategic …
Liability insurance carriers and brokers that offer coverage to higher educational institutions have been watching the Penn State scandal unfold. And one broker says liability insurers are likely to tighten their underwriting and demand more data from schools regarding protective …
Recent reports that some employers are asking job applicants for access to their social networks during the hiring process have raised questions about the legal liability of such practice. This growing controversy is also at the center of proposed legislation …
Dishonest doctors and medical mills in New York better watch out! Following highly publicized crackdowns of major auto insurance fraud rings in the state, Gov. Andrew Cuomo unveiled a statewide initiative this month to bring down fraudsters that plague New …
A New York appeals court recently affirmed a lower court’s ruling that a homeowner was not entitled to coverage under the policy from the National Flood Insurance Program because he failed to follow the proof-of-loss requirement. The case involves Robert …