Insurance Roundup, November 29, 2018

News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

News – Claims Journal Insurance news and resources for the claims industry

  • Lawsuit Alleges Saks Guilty of Race, Age Discrimination

    on 2018-11-28 at 10:54Eight former employees at the Saks Fifth Avenue flagship store filed a race and age discrimination lawsuit Tuesday against the high-end store and its corporate parent, alleging they were subjected to a hostile work environment and unfairly fired. The suit, […]

  • Business News: LexisNexis, Oyster, AGCS

    on 2018-11-28 at 10:12LexisNexis Fire and Disaster Response Aids Insurers in Rating, Underwriting Fire Risk LexisNexis Risk Solutions announced a new data score that will enable insurers to more accurately rate and underwrite local fire responses using predictive analytics. The LexisNexis® Fire and […]

  • Samsung Offers Apologies for Worker Illnesses, Deaths

    by KIM TONG-HYUNG on 2018-11-28 at 10:11Samsung Electronics apologized Friday for illnesses and deaths of some of its workers, saying it failed to create a safe working environment at its computer chip and display factories. The announcement by the South Korean technology giant came weeks after […]

  • $15M Suit Filed Against Wash. City After Body Used for Training

    on 2018-11-28 at 10:03Relatives of a man whose body was used by the Bellingham Fire Department for intubation practice have filed claims against the Washington city totaling more than $15 million, a newspaper reported. Eleven fire department employees – including two office workers […]

  • Report: Fire-Resistant Homes Don’t Have to Cost a Fortune

    by Christopher Flavelle on 2018-11-28 at 09:20Homes in wildfire-prone areas around the U.S. could be built to better withstand blazes without increasing the cost of construction, according to a new report. The research released Tuesday was sponsored in part by the insurance industry and marks the […]

  • Flood Insurance Rebuilds Homes with Public Money Repeatedly

    by EMERY P. DALESIO on 2018-11-28 at 09:05Floodwaters rose about 15 inches (40 centimeters) into Danielle Rees’ home in September when Hurricane Florence drenched this tidewater city on the Pamlico River and overwhelmed a local creek and marshland. The first floor was a sopping mess of gritty, […]

  • Philadelphia Archdiocese Will Set Aside $25M for Abuse Victims

    by MARK SCOLFORO on 2018-11-28 at 09:04The Roman Catholic Archdiocese of Philadelphia said Tuesday it is putting aside $25 million to start paying claims to people who say its clergy sexually abused them as children. The archdiocese said it expects to need more money than it […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Wildfire Considered One Occurrence Despite Damaging Numerous Properties

    by Christina Phillips on 2018-11-29 at 05:15A recent decision by the Supreme Court of Wisconsin1 might predict how other courts would analyze coverage under commercial general liability insurance policies for wildfires. In May 2013, a fire broke out on forest land owned by Lyme St. Croix Forest Company. The fire burned nearly 7,500 acres over the course of three days and…… Continue Reading […]

  • Bad Faith May Arise Out Of Wrongful Misrepresentation in Application Denial

    by Chip Merlin on 2018-11-28 at 05:16Suspicion runs rampant with some insurance companies when it comes to alleged arson. Even if they cannot prove the policyholder had anything to do with a fire, some adjusters cannot help to look for other ways to deny an insurance claim. In Hayes vs. Metropolitan Property and Casualty Insurance Company,1 an insurer was held liable…… Continue Reading […]

  • What’s Next? Stop-Gap Flood Insurance Extension Set To Expire On November 30, 2018

    by Verne Pedro on 2018-11-27 at 05:15On November 30, 2018, the legislative authority that allows the National Flood Insurance Program (NFIP) to operate, will expire. The NFIP was originally set to expire on September 30, 2017. Since then NFIP has continued under a series of short-term extensions ever since; the current extension was authorized in July 2018. With the deadline fast…… Continue Reading […]

  • What Every Policyholder Has To Know About Their Hurricane Michael Loss

    by Nicole Vinson on 2018-11-26 at 05:15In the wake of Hurricane Michael, some policyholders are starting to see a response from their insurance companies for their home and business losses. The extent and the magnitude of the damages that Hurricane Michael caused has been captured by some media outlets but down played by others. Many of those dealing directly with the…… Continue Reading […]

  • Ambiguous Insurance Application Language Leads to Bad Faith Award

    by Marie Laur on 2018-11-25 at 05:15A Nebraska court recently ruled that an insured was entitled to bad faith damages after the court found that an insurance application was ambiguous in its language. In the case at hand, Eric Hayes (“Hayes”), the plaintiff and insured, owned a home in Nebraska. He used the detached garage of the home for his plumbing…… Continue Reading […]

  • State Supreme Court asked to Resolve Conflicting State Insurance Laws – T-Mobile USA v. Selective Insurance: Take Two

    by Lawrence Moon on 2018-11-24 at 05:15Earlier this month, the Ninth Circuit Court of Appeals asked the Washington State Supreme Court to resolve a conflict between two Washington state insurance law principles, namely, the conflict between (1) the rule that an insurance company is bound by representations made by its authorized agents, and (2) the rule that certificates of insurance cannot…… Continue Reading […]

Global Risk Insights Political Risk for the 21st century

  • A true European army is coming

    by Louis Cox-Brusseau on 2018-11-27 at 23:48French President Emmanuel Macron’s recent call for the creation of a ‘true European army’ was echoed in dramatic fashion by German chancellor Angela Merkel in mid-November and has brought the debate over a shared European military back into the public eye. This may mark a watershed moment in European politics. The post A true European army is coming appeared first on Global Risk […]

  • What to expect from López Obrador’s public consultations

    by Tyler Mattiace on 2018-11-27 at 10:09Leftist Mexican President Elect Andrés Manuel López Obrador, who takes office in December, recently held a controversial public consultation to cancel Mexico City’s new multibillion-dollar airport. He is organizing another one over the building of a high-speed railway on the Yucatán Peninsula. Opponents accuse him of using consultations to bypass existing rules and […]

  • Ukraine-Hungary: Beyond passports and languages

    by Luke Bacigalupo on 2018-11-25 at 15:13Relations between Hungary and Ukraine are at a low point. Diplomats have been expelled from both countries following arguments of Ukraine’s language law and Hungary’s issuance of passports in Ukraine. The dispute has implications that go far beyond the two countries’ bilateral relations. The post Ukraine-Hungary: Beyond passports and languages appeared first on Global Risk […]

  • Putin’s Middle East gamble

    by Victoria Kelly-Clark on 2018-11-25 at 15:12Since 2015 Russia has used the Syrian civil conflict as a platform to gain power within the Middle East. Engaging militarily and economically with the region, Russia has renewed its place in the global power structure and has invested in securing a share of the Middle East’s energy wealth. The post Putin’s Middle East gamble appeared first on Global Risk Insights. […]

Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada

  • Why some brokers may shy away from using an MGA

    by Jason Contant on 2018-11-28 at 21:35The risk of a greater errors and omissions (E&O) exposure is a major reason why some brokers choose not to place business with a managing general agent (MGA), speakers said Tuesday at’s MGA Technology Symposium in Toronto. “We don’t… The post Why some brokers may shy away from using an MGA appeared first on Canadian Underwriter. […]

  • Why brokers need to talk about ransomware

    by Jason Contant on 2018-11-28 at 21:23Ransomware attacks are increasing, and as a result, there will likely be a shift in brokers and clients alike starting to recognize the value of the business interruption component of a cyber insurance policy, a specialist insurer said Monday. “Cybercrime… The post Why brokers need to talk about ransomware appeared first on Canadian Underwriter. […]

  • What you need to know about gap insurance

    by Greg Meckbach on 2018-11-28 at 21:20About 85 per cent of new car buyers will use some sort of financing to pay for their vehicle, according to credit reporting company Experian. If you’re such a buyer, you can expect that during your purchase a car dealership… The post What you need to know about gap insurance appeared first on Canadian Underwriter. […]

  • The ‘biggest hurdle’ to making artificial intelligence useful

    by Greg Meckbach on 2018-11-28 at 21:07Figuring out what products your customers might buy next or what they are complaining about are two ways you could be using artificial intelligence now, the founder of a big data vendor suggests. “In the future you are going to… The post The ‘biggest hurdle’ to making artificial intelligence useful appeared first on Canadian Underwriter. […]

  • Landlord sued over $16,000 water leak wins appeal

    by Greg Meckbach on 2018-11-28 at 20:58A major water leak from a Surrey, British Columbia strata unit has spawned debate among judges over whether landlords are liable in such cases. Crystal Thomas was renting a condo unit in Surrey in the summer of 2015. A large… The post Landlord sued over $16,000 water leak wins appeal appeared first on Canadian Underwriter. […] General insurance and financial services news from Australia and around the world


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