As a self-taught app developer, when Hayden Kopser sees a problem, he seeks to build a solution. So, when he observed during his time working at AIG that some brokerages weren’t adequately servicing high net worth accounts, he saw an …
Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies, such …
New York Governor Andrew Cuomo has announced a reopening plan for New York businesses that includes four phases, each allowing businesses in select industries to open their doors. Businesses that are considered more essential, or that have an inherently lower …
The Supreme Court of Pennsylvania held that an insurer has a duty to defend its insured’s estate in a personal injury lawsuit brought by a man who was shot by the policyholder. This comes after Richard A. Carly came to …
New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and ensure long-term value for …
Massachusetts Attorney General Maura Healey’s office has called on the Massachusetts Division of Insurance (DOI) to direct all auto insurance companies doing business in the state to lower premiums during the COVID-19 pandemic. In a letter sent Monday to Massachusetts …
New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business interruption policies, and the insurance industry was quick to express its concern. But that hasn’t stopped some states from rolling …
The insurance industry needs to spend time educating clients on how to best protect themselves as cyber criminals continue to capitalize on new vulnerabilities in the wake of the COVID-19 pandemic. Educating clients is as important as getting them the …
As cyber crime continues to evolve, ransomware attacks in particular have ramped up and are leading more companies to recognize their need for the right business interruption coverage, explained panelists at the Professional Liability Underwriting Society (PLUS) Cyber Symposium, held …
More small businesses may be purchasing cyber insurance today as compared to a few years ago, but agents still have work to do to help clients understand their unique risks and ensure they have the right coverage. That’s what panelists …
