Monthly Archives: <span>May 2023</span>

Insurers Latest Target of U.S. AGs ESG Antitrust Concerns

Insurers and reinsurers who are members of the Net-Zero Insurance Alliance (NZIA), received a letter from 23 attorneys general raising potential legal concerns that might arise from their commitment to collaborate with other insurers to advance an “activist climate agenda.” …

As Lawyers Warned, Florida Courts Flooded with Suits Before Tort-Reform Bill Signed

Just as the plaintiffs’ law firm of Morgan & Morgan warned, the number of Florida lawsuits filed across the state has shattered previous records, topping 280,122 in April, the Florida Bar reported. That’s more than double the previous record set …

Colleague’s Death Spurs Connecticut Lawmakers to Pass Wrong-Way Driver Bill

Connecticut lawmakers, shaken by the death of a colleague killed in a wrong-way crash earlier this year, unanimously approved a bill Wednesday that attempts to curtail the growing problem of wrong-way drivers. The legislation calls for the installation of detection …

New Jersey Allows Emergency Erosion Fixes in Defiant Town

New Jersey environmental officials will allow a shore town to carry out emergency repairs to its badly eroded beachfront, even as they continue a years-long fight with city officials over how best to protect the popular Jersey Shore resort’s fragile …

People Moves: Venbrook in California Names Aguilar CFO

Venbrook Group, LLC named Juan Aguilar chief financial officer. Aguilar has 20 years of industry experience, most recently serving 15 years at Aon PLC, where he held leadership roles across finance, operations and business strategy and development. Before Aon, he …

Chubb: No Duty to Defend Texas Subway Franchise in Killing Case

ACE American Insurance Company (Chubb) says it has no duty to defend a Texas Subway franchise sued by the family of a former worker killed on site by an ex-boyfriend. In a complaint for declaratory relief filed in the US …

My New Markets

PT Pro for Part-Time Professionals Market Detail: Vanguard Specialty’s PT Pro program is specifically dedicated to part-time professionals, offering professional liability insurance to freelance lawyers, accountants, tech professionals, consultants and miscellaneous classes. Has pen. Available Limits: Not disclosed. Carrier: Nationwide; …

N.J. Appeals Court Rules War Exclusion Doesn’t Apply to NotPetya Attack

Insurers may not use a war exclusion to deny coverage to Merck & Co. for a 2017 cyberattack blamed on the Russian military, a panel of the New Jersey Appellate Division ruled. The panel affirmed a decision by the Union …

Risks on Stage: New World, New Life in Entertainment Business

Spectator Safety, Natural Catastrophes, Rising Costs Top Concerns Today As theater shows and live events return to full force this year coming off pent-up demand, underwriters are placing extra scrutiny on safety, resulting in increased rates and tightly worded policies. …

It’s Just a Name Change and Other ‘ERPS’

Claims made insurance policies have existed for a long time. For specialty line insurance policies, such as directors and officers liability, professional liability, cyber liability etc., they are the most common type of policy issued. They are complex, and depending …