Content from Andrew Simpson
Insurance Industry Readies for Historic Losses From Baltimore Bridge Tragedy
It's very early in the recovery process and already the numbers are large. Insured losses for the tragic collapse of the Francis Scott Key Bridge in Baltimore could be as much as $2 billion to $4 ...
Towers Watson Again Denied Coverage for $90M Settlements Over 2016 Willis Merger
Towers Watson has been hit with another roadblock on its long and winding road to reach coverage for $90 million in settlements of two lawsuits related to its merger with broker Willis in 2016. A ...
Connecticut Extends PTSD Benefits to All Under Workers Comp
The new year brought with it an expansion of Connecticut's workers compensation benefits with regard to post-traumatic stress injuries or disorders (PTSD). Prior to January 1, only first responders ...
Liberty Mutual Announces 850 Additional Layoffs
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2 percent of its workforce, in the U.S. The terminations will be felt in several departments this ...
Drowsy Driver Can Be Liable for Crash if Condition Foreseeable: Mass. Court
A driver who suffers a sudden medical emergency and crashes into another vehicle may be held liable for the accident even if never diagnosed with the condition or never advised not to drive. If the ...
N.J. High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) ...
FTX’s Bankman-Fried Battles Excess Insurer Over D&O Coverage
Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance ...
Insurance Broker in Menendez Corruption Case Allegedly Got Senator’s Help With Fraud Case
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. ...