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D&O Market Has Most Profitable Year Since 2014 but Results May Be an Anomaly
The directors and officers insurance marketplace in 2021 enjoyed its most profitable year since 2014 but results have to be “viewed as a possible aberration rather than a the start of a trend,” according to a new report from AM … Source: Claims Journal
Read MoreHigher Density of Gas Leaks Found Where People of Color Live: Study
A new study found a greater density of dangerous leaks from gas pipelines in U.S. urban areas where there’s a higher proportion of people of color, raising questions about the unequal distribution of risks that comes with using the highly … Source: Claims Journal
Read MoreAircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia
Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of insurance claims while maintaining discreet contact with some customers after Moscow blocked the jets from leaving. The loss of over … Source: Claims Journal
Read MoreExclusion Not on Declarations Page Ruled Unenforceable ‘Hidden Trap’ in New Jersey
A three-judge New Jersey Superior Court appellate panel has ruled that an intra-family liability exclusion in a Travelers (St. Paul) auto insurance policy amounts to a “hidden pitfall” and is unenforceable because it was not cited on the policy’s declarations … Source: Claims Journal
Read MoreVisit to Goodyear Clinic Extends Life of Workers’ Comp Claim, North Carolina Court Finds
If insurers and employers want to deny a workers’ compensation claim because it was filed too late, they shouldn’t inadvertently pay a latent medical bill, which extends the clock under the quirks of North Carolina’s comp statutes. And the Industrial … Source: Claims Journal
Read MoreNational Safety Board Cites FAA Inaction in Helicopter Tour Crash
The National Transportation Safety Board (NTSB) said the failure and inaction of U.S. air safety regulators to implement several proposals contributed to the cause of a 2019 fatal helicopter crash that killed seven in Hawaii. The seven-seat Airbush AS350 B2 … Source: Claims Journal
Read MoreAppian Wins $2.04 Billion Verdict Against Pegasystems in Trade Secrets Claim
Appian Corp. shares soared and Pegasystems Inc. shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets. The damages award issued on Monday by the Fairfax County … Source: Claims Journal
Read MoreFace-Scanner Clearview Agrees to Limits on Images Use in Court Settlement
Facial recognition startup Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people’s photos without their consent. The company in a legal filing Monday agreed to permanently stop … Source: Claims Journal
Read MoreCourt Says State Law Preempts in Tossing New York Suit Over Amazon Worker Safety
A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said … Source: Claims Journal
Read MoreEx-Banker Charged with Conspiring in Murdaugh Insurance Money Scheme
A grand jury has indicted the former CEO of a South Carolina bank on charges of conspiring with once-prominent, now- suspended attorney Alex Murdaugh to defraud victims — including the family of a deaf man who became quadriplegic after a … Source: Claims Journal
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