Unsurprisingly, discussion surrounding government’s role in free markets with large corporations can be contentious, but it’s critical to understand that laws and regulations serve a purpose. To what extent regulation is appropriate has always been a hotly debated issue. The …
A major, global cyber attack could trigger an average of $53 billion of economic losses, a figure on par with a catastrophic natural disaster such as U.S. Superstorm Sandy in 2012, Lloyd’s of London said in a report. The report, …
AF Group, headquartered in Lansing, Mich., has appointed Eric Halter director of AF Specialty, a new brand focused on providing fronting capacity to insurance carriers, managing general agents, reinsurance intermediaries and captive managers. Halter will partner with entities who are …
Drought in North Dakota is laying waste to fields of normally bountiful food and hay crops, and searing pastures that typically would be home to multitudes of grazing cattle. Some longtime farmers and ranchers say it’s the worst conditions they’ve …
Wisconsin’s cap on noneconomic damages in medical malpractice cases is unconstitutional because it puts severely injured patients at a disadvantage, a state appeals court has ruled. The 1st District Court of Appeals’ decision clears the way for unlimited compensation for …
Surplus lines insurers, your Illinois policies are exempt from all statutory bad faith claims. Or at least they’re arguably exempt. But whether arguable or actual, you should be moving to dismiss these claims at the outset. Illinois’ bad faith statute …
To ensure the safety of amusement rides in Indiana, state safety regulators conduct hundreds of inspections of amusement devices each year. The elevator and amusement ride division of the Indiana Department of Homeland Security is responsible for inspecting all mechanical …
The Injured Patients and Families Compensation Fund (Fund) was created in 1975 to provide medical malpractice insurance for Wisconsin healthcare providers in excess of the provider’s primary limits of coverage. The Fund provides coverage in excess of the primary limit …
Months after hearing arguments, the Michigan Supreme Court has decided to stay out of a personal injury case at a big-box store that could have consequences for retailers statewide. The court said it will let an appeals court decision stand …
Penn Community Bank, a Bucks County, Penn.-based independent, mutual financial organization, has hired three professionals to its administrative, lending and insurance teams. Peter R. Palumbo joins Penn Community Bank as a mortgage loan officer, and Renee Schoeller joins as an …
