Rising claim severity is leading to rate increases for professional liability insurance sold to architecture and engineering firms, according to a report released Tuesday by Ames & Gough. The brokerage, headquartered in McLean, Va., said that 73% of professional liability …
DENVER (AP) — When a doctor told Toni Stammler her 4-week-old son Milo needed urgent surgery because only one of his lungs was functioning, there was barely time to pack a bag _ let alone try to shop around. “In …
Commercial auto is one of the biggest, most problematic cost centers in the insurance industry. Its loss ratios are incredibly high — and growing — particularly in comparison with other P&C lines. This makes it hard for carriers to make …
More than eight years after Bonnie Winslett tore up and threw away a summons that notified her she was being sued, the Georgia Supreme Court is being asked to resolve questions of law that will determine whether GEICO Indemnity Co. …
A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …
The Virginia Supreme Court ruled that an insurer doesn’t have to pay for injuries to a customer who was injured by tire that exploded while it was inflated, and handed business owners another reason not to allow customers in the …
Lawyers who have filed a lawsuit against the parent company of the Ala Moana Center say mall officials were warned about a railing years before it gave way, killing a young man and leaving another with a traumatic brain injury. …
Despite a tricky and manpower-intensive rescue of a teenager, Wind Cave in southern Lancaster County will not be closed to public use. Warning signs, however, will be erected at access points to the popular cave, said Phil Wenger, president and …
As more incidents of hoverboard-related fires make the news and the Consumer Product Safety Commission continues its investigation into the cause of the fires, pressure is mounting for manufacturers who face the threat of product seizure for failing to comply …
A Pendleton, Ore., woman who says she sprained a wrist, an ankle and fell unconscious after tripping on potholes and asphalt piles in a city parking lot wants the city to pay her more than $550,000. The East Oregonian reports …