Having lost two bids to recover $15 million from its insurer to cover costs related to its failed defense of its admissions policy, Harvard University is now looking to hold its insurance broker, Marsh, responsible. Harvard’s excess insurer Zurich American …
Boston-based global insurer Liberty Mutual has confirmed that it is laying off about 850 workers, or 2% of its workforce, in the U.S. The terminations will be felt in several departments this month and many will become effective by the …
Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has lost its bid to deny a commercial property insurance claim and rescind the policy. The Second Circuit Court of Appeals …
A driver who suffers a sudden medical emergency and crashes into another vehicle may be held liable for the accident even if never diagnosed with the condition or never advised not to drive. If the driver knew or should have …
The Mississippi Supreme Court has ruled that an insurer misunderstood when a three-year statute of limitations begins in dismissing the insurer’s claims relating to a fire on an insured’s property. The high court affirmed that a statute of limitations begins …
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) benefits from his auto insurer, Progressive …
The defendants in the corruption case involving U.S. Senator Robert Menendez include a former New Jersey insurance broker who was convicted of premium fraud in 2011 and lost his insurance license. Jose Uribe allegedly got involved with Menendez in his …
Citing research showing increased rates of depression, anxiety, suicidal ideation, and self-harm associated with children and young adults’ social media use, officials in New York are proposing legislation to protect children from addictive platforms and sharing of their personal information. …
Erie Insurance Co. is taking its tiff with the Maryland insurance commissioner over the handling of discriminatory practices findings to federal appeals court. The insurer maintains that the Maryland Insurance Administration has not afforded it adequate opportunity to respond to …
Just two days before his criminal trial started this week in federal court in New York, FTX Trading founder Sam Bankman-Fried filed suit in federal court in California against his excess insurance company seeking payment of legal costs. The suit …
