Claims / Legal
Two Different Results for Similar COVID-19 Biz Interruption Suits
A federal judge in Florida last week denied an insurer's petition to dismiss a COVID-19 business-interruption lawsuit, while a federal magistrate judge in California threw out a similar claim. Both ...
Ransomware Attack Strikes Insurance Broker Gallagher
Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In ...
UK Regulator Makes Wednesday Deadline for Business Insurance Claims Agreement
Britain's financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against insurers, but was seeking an agreement by Wednesday to avoid the ...
What the Pandemic Can Teach Us
While the pandemic has provided an entirely unwelcome education, if we choose to, we will profit from its lessons. After all, no crisis should be wasted. The first of many lessons can be attributed ...
Broker Alliant Sued by A.J. Gallagher Over Alleged Employee, Client Poaching Scam
California-based insurance broker Alliant is again being sued over an alleged poaching scam, this time by rival Arthur J. Gallagher & Co. Gallagher claims Alliant, with assistance and capital ...
D&O Underwriting Losses Will Continue, Worsened by Pandemic Claims: Fitch Ratings
For insurers handling U.S. directors and officers liability, Fitch Ratings has bad news and good news, both relating to the coronavirus pandemic. First, the bad: Underwriting losses will likely ...
Carnival Cruise Pandemic Liability Likely Covered by ‘Death on the High Seas Act’
Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles ...
Bayer Resolves More Roundup Cases
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving ...