With some four-out-of-10 mid-sized businesses having had a cyber breach in the past three years, it’s no wonder that the take up rate for cyber insurance is rising. And it’s expected to jump even further in the next 12-24 months. …
Taxi operators are required to have commercial insurance that protects passengers and third parties (i.e., pedestrians and other drivers) in the event of an accident. – National Association of Insurance Commissioners New York taxis are outnumbered by Uber cars with …
It’s been interesting to watch the growth of employment practices liability insurance (EPLI) during more than 25 years of working in the specialty insurance industry. Twenty years ago EPLI was rare in the United States and, even a decade ago, …
Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of …
New Jersey Gov. Chris Christie announced on June 22 that Ken Kobylowski, commissioner for the state’s Department of Banking and Insurance, will leave the administration over the next several weeks. Kobylowski was one of three long-serving cabinet members, including State …
The insurance carrier for a Connecticut city paid $30,000 to settle a lawsuit filed by the family of a third-grader who was barred from school for several days because of Ebola fears. School officials in Milford, Connecticut, initially told 7-year-old …
Massachusetts’ highest court in June ordered a hearing on the reliability of breathalyzer device Alcotest 7110 MK III-C. The ruling involves a drunk driving case where the defendant – along with 61 other defendants in similar cases – challenged the …
The Federal Emergency Management Agency (FEMA) announced that Sept. 15 would be the last day for National Flood Insurance Program (NFIP) policyholders who filed Superstorm Sandy flood claims to sign up for the review process. “While extensions may be granted …
Virginia Gov. Terry McAuliffe announced that Elephant Auto Insurance, a subsidiary of U.K.-based Admiral Group plc, will invest $2 million to expand its U.S. headquarters operation in Henrico County, Virginia. The project will create 1,173 new jobs, which would nearly …
More than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge with a total reconstruction cost value estimated to be nearly $1.5 trillion, according to an annual report released by CoreLogic on June …
