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Court Orders New Trial for Insurance Exec Convicted of Bribing North Carolina Insurance Commissioner

It may seem a minor point to some, but it’s fundamental to the American system of justice, advocates said: It’s up to a jury – not a judge – to decide what is considered an “official act” by a state …

Cyber Experts Say California Lacked Safeguards for Gun Owner Data

Cybersecurity experts say the California Department of Justice apparently failed to follow basic security procedures on its website, exposing the personal information of potentially hundreds of thousands of gun owners. The website was designed to only show general data about …

Alabama Counties’ Insurance Fund Not Liable for its Own Actions in Deadly Dock Fire

Insurers and government self-insurance pools should be breathing a sigh of relief after the Alabama Supreme Court absolved a county commissions’ fund of direct liability in a marina fire that killed eight people and destroyed three dozen boats. The court …

California County Paying $8.1M for Unarmed Man’s Death

San Diego County will pay $8.1 million to the family of an unarmed man who was shot in the back by a sheriff’s deputy after he jumped out of a patrol car. The county and the family of Nicholas Bils …

Over 20 New E&S Entrants Reshaping Marketplace: RPS

Wholesale broker Risk Placement Services (RPS) said more than 20 new insurance companies and managing general agents have entered the excess and surplus marketplace over the last couple of years — and they may be more aggressive than incumbent insurers. …

Report: Sharp Increase in California Workers’ Comp Med-Legal Costs

Payments for medical-legal services used to resolve medical disputes over compensability issues in California work injury claims have risen sharply under the new Medical-Legal Fee Schedule that took effect last year, a new report shows. The report from the California …

Mass Shooting Insurance Rates Jump as Incidents Rise

The cost of buying insurance protection against mass shootings has spiked more than 10% in the United States this year following a string of deadly events, insurers said. The United States witnessed 293 mass shootings so far this year, according …

Report: Quake-Triggered Tsunami Would Hit Seattle In Minutes

A new study from the Washington State Department of Natural Resources shows a tsunami triggered by a major earthquake beneath Puget Sound would arrive at Seattle shores sooner and reach farther inland than previously thought. Models showed a tsunami following …

P/C Industry to Finish 2022 With Combined Ratio Over 100: S&P

For the first time since 2017, the calendar-year combined ratio for the property/casualty industry will eclipse 100 in 2022 due to inflation, according to S&P Global Market Intelligence. “We expect that growth rates in the commercial lines will pull back …

Massachusetts High Court Rules Attorney’s Fees Are Not Part of Insured Damages

The Massachusetts Supreme Judicial Court has ruled that attorney’s fees from a consumer protection lawsuit are not covered as part of bodily injury damages under a business liability policy, reversing a lower court that had found they were covered. Attorney’s …

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