Sun.Sep 15, 2024

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23andMe Settles Data Breach Lawsuit for $30 Million

Insurance Journal

23andMe will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company of failing to protect the privacy of 6.

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Protecting Protest Law: Defending Human Rights in the UK – Katy Watts – S8 E28

Legally Speaking

Meet Katy Watts, a Solicitor at Liberty (National Council for Civil Liberties), where she works on protests, technology, surveillance and data rights law. In this episode, Katy explained her landmark legal case against the Police, Crime, Sentencing and Courts Act 2022, as well as her work to protect human rights law in the UK.

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EverPeak Insurance Launches in Arizona

Insurance Journal

EverPeak Insurance is launching operations in Arizona. EverPeak specializes in workers’ compensation coverage for small businesses and those in hard-to-place industries.

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Ukrainian Incursion into Kursk Oblast Forces Russian Troop Buildup

Complex Discovery

Editor’s Note: This assessment analyzes key military and geopolitical developments as of September 14, 2024, surrounding Russia’s offensive campaign in Ukraine, specifically focusing on the ongoing operations in Kursk Oblast, prisoner exchanges, command decisions affecting troop quality, and broader Russian efforts to leverage global influence mechanisms.

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Visibility Into the Strategy & Supporting Documents of Major US Law Firms

Law Firm Intelligence by Trellis aggregates state trial court data across the Trellis platform enabling users to: look up a particular metric related to a specific law firm (such as, how many cases a law firm had or has against another law firm), and see the actual dockets and documents supporting the metric. Trellis data is maximized in a revolutionary and unique way to provide users an exclusive look into a law firm litigating in state trial courts.

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Pittsburgh Offers $500,000 to Settle Bridge Collapse Lawsuits

Insurance Journal

The city of Pittsburgh is seeking approval of a half-million-dollar payment to settle lawsuits over the collapse of a bridge into a ravine more than 2 1/2 years ago.

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UC Berkeley Scientists Pioneer Circular Economy for Plastic Waste

Complex Discovery

Editor’s Note: This article highlights a major development in plastic recycling technology, with significant implications for industries that generate or manage large amounts of plastic waste. Polyethylene and polypropylene, which are used in many everyday products, have historically been difficult to recycle efficiently. The UC Berkeley team’s new catalytic process offers a potential solution that could contribute to a circular economy, reducing environmental impact and offering a m

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Man Charged With Arson in Colorado Wildfire That Destroyed 29 Homes

Insurance Journal

A Colorado man was charged with arson after an investigation into a wildfire this summer that destroyed 29 homes and caused more than $30 million in property damage, authorities said.

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Walgreens Paying $106.8 Million to Settle Prescription Billing Fraud Charges

Insurance Journal

Walgreens Boots Alliance agreed to pay $106.8 million to settle charges it fraudulently billed the U.S. government for prescriptions that were never dispensed, the Department of Justice said on Friday.

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FBI: From Cybercrime to Terrorism, America Faces Many Elevated Threats ‘All at Once’

Insurance Journal

By Michael Goldberg The country is facing heightened threats from many corners at a time when law enforcement agencies are struggling, FBI Director Christopher Wray said in an exclusive interview with The Associated Press, adding that he is “hard pressed …

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Worker’s Death in Ohio Prompts Concerns Over Remote Control Trains

Insurance Journal

The CSX worker who discovered his friend run over by a pair of remote-control locomotives in a rail yard last year sees a simple solution to preventing similar deaths in the future: two-person crews.

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Stay On Top of Newly Filed State & Federal Litigation: Curated Just for You!

With Daily Filings Report by Trellis you will receive an email and csv file daily with all new cases filed in the jurisdictions you're tracking. Each new case will include all case metadata like judge, parties, counsel, practice area, and even direct links to the full docket and complaint. Trellis Daily Filings Reports provide direct access to newly filed state and federal litigation curated just for you.

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E&S Leaders Embrace the Risky Future

Insurance Journal

The property/casualty insurance industry and excess and surplus lines brokers in particular are at the world’s beck and call to help navigate what is an increasingly risky environment.

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Vocational School Owner Arraigned in $1M Comp Fraud Case

Insurance Journal

Los Angeles area vocational school owner, Guillermo Frias, 65, of Paramount, and the school’s accounting manager, Yesid Colon, 54, of Baldwin Park, were arraigned following a California Department of Insurance investigation into allegations they submitted fraudulent claims to receive money …

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How One Florida Engineer Tried to Blow the Whistle on Plaintiffs’ Expert Witnesses

Insurance Journal

By William Rabb He’s been called a “do-gooder,” a “troublemaker” and a whistleblower. And he may be the best friend the Florida property insurance industry has.

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Selling an Agency: Plan Early for Peace of Mind

Insurance Journal

A goal without a plan is just a wish. Successful agency owners strategically plan business operations thinking ahead several years. Yet how many owners consider the end game in those plans? Are you building an agency to sell?

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Young Brokers Share a Few Keys to Success

Insurance Journal

Finding success in the excess and surplus lines sector means building relationships, finding a specialty, putting in the work and getting creative in both hard and soft market cycles, young wholesalers say.

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Risky Business

Insurance Journal

“The world’s not a less risky place.” “We’re clearly in historical hard market conditions for property and casualty.” “I don’t think we’re going to see anywhere near the same level of flow back into the admitted market.

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US P/C Insurance Industry Posts First H1 Underwriting Profit Since 2021

Insurance Journal

The U.S. property/casualty insurance industry recorded a net underwriting gain of $3.7 billion and net income of $94.6 billion for the first-half of 2024, according to a new report.

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Viewpoint: Navigating the CDI’s Notice of Non-Compliance

Insurance Journal

The California Department of Insurance is known for its rigorous oversight, making it the gatekeeper of the insurance industry in California. The CDI regulates all aspects of insurance, acting as judge, jury and executioner when it comes to enforcing compliance.

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Senior Living Facilities Face Labor Shortages, Nuclear Verdicts and Changing Insurance Market

Insurance Journal

By Allen Laman Continuing worker shortages, the threat of nuclear verdicts in some geographical locations, and the implementation of new technology are all shaping the property/casualty insurance market for senior living facilities.

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Strategic Planning

Insurance Journal

I don’t expect most insurance agencies to possess formal, in-depth strategies. Many are too small and focused on the next sale or the next renewal.

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Revolutionize Your Underwriting Process with Underwriter Link: The Ultimate Tool for MGAs and Wholesalers

Insurance Journal

This post is part of a series sponsored by Selectsys. In the fast-paced world of insurance, efficiency, accuracy, and speed are vital to success.

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Main Street America Insurance Exits Personal Lines

Insurance Journal

By Chad Hemenway Main Street America Insurance said it will stop offering personal lines insurance in favor of a commercial lines strategy.

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Boar’s Head Closing Virginia Plant Linked to Deadly Listeria Outbreak

Insurance Journal

Boar’s Head said Friday it’s closing the Virginia plant tied to a deadly listeria outbreak.

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Plumbing Water Damage Claims Revisited

Insurance Journal

Looking back at my Insurance Journal columns over the past 5 years, I found that I wrote at least one column a year about water damage claims.

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A Fresh Take on Commission: Envisioning a System That Supports the Agent, Carrier and Consumer

Insurance Journal

I confess that for a guy who has made his living largely on commissions for decades, I don’t like the concept.

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People & Places

Insurance Journal

National Resilience, headquartered in San Francisco, named Killian Brady chief underwriting officer. He will continue to act in his role as chief operating officer of global insurance operations. Brady has more than 15 years of industry experience.

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Business Moves

Insurance Journal

National Freeway Insurance Freeway Insurance, a division of Confie, expanded with six new franchises in Florida, Georgia, Tennessee and California. In south Florida, James Ospina will head the office in Boynton Beach.

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Declarations

Insurance Journal

Critical 911 Access “We understand the importance of having critical access to 911. We’ve resolved this matter and are committed to keeping our customers connected in times they need it most.

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My New Markets

Insurance Journal

Allied Health Market Detail: Program administrator ISC (Integrated Specialty Coverages) offers coverage and service options for the healthcare industry. The underwriting team at ISC understands the liability exposure associated with Allied Healthcare risks.

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The Wholesale Insurance Evolution: From Consolidation to Innovation

Insurance Journal

By Tom Ruggieri and Mark Smith In a decade defined by disruption, the wholesale insurance market has adapted and evolved to meet the demands of an increasingly complex risk environment.

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RAND Study Eyes Impact of Legal System Abuse, Social Inflation

Insurance Journal

A study from RAND found that rising litigation rates, trial awards and claim severity are consistent with the expected effects of social inflation. The study, What Is the Evidence for Social Inflation?

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Financial First Responders

Insurance Journal

In recent months the dynamic markings for voices asserting the insurance industry is not up to challenges posed by climate change have gone from mezzo-piano to mezzo-forte. Endorsing a proposal by Rep. Adam Schiff (D-Calif.

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‘No’ Is Not an Option for E&S Brokers Managing Through Busy Times – Young E&S Professionals Share Their Views on Surplus Lines

Insurance Journal

By Jahna Jacobson Wholesale insurance teams are up for a challenge, and they need to be.