Claims / Legal
Insurers Win Bid to Prevent Consolidation of COVID-Related Business Interruption Lawsuits
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, ...
An InsurTech CEO’s Take on Ransomware Attacks
It almost goes without saying at this point: Ransomware attacks are on the rise. Ransomware attacks grew by nearly 50 percent in the 2020 second quarter along compared to the first three months of ...
COVID-Sniffing Robots Under Development, With Eye on Super-Fast Detection
A biotechnology startup called Koniku is trying to develop robots that could sniff out Covid-19 infections faster than conventional testing. The technology fuses neurons with a silicon chip to create ...
Tesla Autopilot Earns Low Driver Engagement Score in European Safety Rating
Tesla Inc's Autopilot has ranked sixth in 10 driver assistance systems evaluated in a European safety assessment, scoring low on its ability to keep drivers engaged. The Tesla Model 3's Autopilot ...
Insurers Are Often Succeeding in Getting COVID-19 Business Interruption Suits Dismissed
Insurers have succeeded in dismissing COVID-19 business interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property ...
U.S. Treasury Warns Carriers Not to Pay Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in ...
UK Supreme Court Appeal Over COVID-19 Case Now Likely
Britain's markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to small businesses battered by the coronavirus pandemic, dashing hopes that a ...
Florida Attorney Driving Thousands of Insurer Lawsuits Violated 14 Bar Rules: Judge
Embattled Florida attorney Scot Strems, who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida property insurers over the last several years, has ...