Litigation/Liability Trends
Pennsylvania Issues ‘Expectations’ for Carriers Regarding AI Use
Pennsylvania has issued guidance for insurance companies' use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC). The ...
Court Approves 3M Settlement Over ‘Forever Chemicals’ in Public Water Systems
Chemical manufacturer 3M will begin payments starting in the third quarter to many U.S. public drinking water systems as part of a multibillion-dollar settlement over contamination with potentially ...
Georgia’s Latest Effort on Plaintiff Demands Aims to Deter Bad-Faith Claims
Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers ...
Trump Pays $175 Million Bond to Avert Asset Seizure
Donald Trump followed through on his vow to pay a $175 million bond to put a massive civil fraud verdict on hold while he appeals it, assuring New York state won't start seizing the former ...
Google Agrees to Delete Web Browsing Data as it Settles ‘Incognito’ Lawsuit
Google said it would delete millions of records of users' browsing activities as part of a settlement of a class-action lawsuit that alleged it tracked people without their knowledge. The case, filed ...
Worst Is Over: Most of Casualty Reserve Hole May Be Filled, Analyst Says
Predictions that the property/casualty insurance industry is in the midst of repeating the type of loss reserving cycle that accompanied the hard market of the beginning year of this century may be ...
What Industry Executives Are Saying About Loss Reserves, Social Inflation
At carriers and reinsurers that announced reserve loss charges taken during fourth-quarter 2023, and even at some that did not, executives discussed the "problematic accident years" and lines of ...
‘Unceasing Onslaught’ of Legal Ads Worth Insurance Industry Attention
Often alarming, misleading or just plain annoying — when mass tort lawsuit advertisements pop on a TV screen, many consumers instinctually reach for the remote. An expert believes that the ads are ...