Sun.Jul 14, 2024

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Report: Impact of BEC Attacks on US Companies Misunderstood

Insurance Journal

A new report asserts the impact of business email compromise incidents on U.S. companies is likely underestimated and misunderstood—and it shows that multifactor authentication and cybersecurity awareness programs may be the top two risk management controls to prevent BEC attacks.

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CAFC Affirms Preliminary Injunction Against RaDaR Cancer Assay in Precedential Decision

IP Watchdog

On July 12, the U.S. Court of Appeals for the Federal Circuit issued a precedential opinion in Natera, Inc. v. NeoGenomics Laboratories, Inc. affirming a grant of preliminary injunction that prevents NeoGenomics from making or selling its RaDaR oncology testing assay. The Federal Circuit’s opinion, authored by Chief Judge Kimberly Moore, found no legal error in the district court conducting an infringement analysis without claim construction, and no clear error in finding that NeoGenomics failed

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A Troubling Phrase: ‘Just a Category 1 Hurricane’

Insurance Journal

Here’s a troubling phrase hurricane forecasters hate but often hear: “It’s just a Category 1. Nothing to worry about.” Or even worse: “Tropical storm? Just some wind and rain.

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Digital Services Act Enforcement Heats Up: X Faces Preliminary Findings

Complex Discovery

Editor’s Note: This article highlights the European Commission’s preliminary findings against X for breaching the Digital Services Act. These findings underscore critical issues of transparency and accountability that are central to the DSA, particularly in relation to content moderation, advertising transparency, and data access for researchers.

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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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Hershey, Walgreens, Paqui Spicy Chip Maker Sued Over Teen’s Death After Online Challenge

Insurance Journal

A lawsuit was filed Thursday against Hershey, Walgreens and several others in the case of a Massachusetts teen who died after he participated in a spicy tortilla chip challenge that was widely promoted on social media.

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COST BITES 169: AN EXAMPLE OF A SUMMARY ASSESSMENT OF COSTS IN ACTION

Civil Litigation Brief

There is an interesting example of a summary assessment of costs in action in the judgment of Mr Andrew Trigger KC (sitting as a Deputy Judge of the High Court) in Wootton & Anor v Wootton & Ors (Re Costs).

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CLAIMANT REFUSED RELIEF FROM SANCTIONS IN SERVING NOTICE OF NON-ADMISSION OF AUTHENTICITY OF DOCUMENTS: THE APPLICATION WAS LATE, AND THE ARGUMENT WAS HOPELESS

Civil Litigation Brief

In Invest Bank PSC v El-Husseini & Ors [2024] EWHC 1804 (Comm) Mr Justice Calver refused the claimant bank’s application for relief from sanctions when it served a notice of a notice to prove the authenticity of a document. The.

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Letters Don’t Seem to Sway Judge: Oxendine Sentenced to 3.5 Years in Prison

Insurance Journal

ATLANTA (AP) — A federal judge on Friday sentenced former Georgia Insurance Commissioner John Oxendine to serve three-and-a-half years in prison after Oxendine pleaded guilty to conspiracy to commit health care fraud, plus three years supervised release after his sentence …

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Become An Indispensable Lawyer For Career Success

InHouseBlog

If you are interested in long-term career success, a focus on becoming an indispensable lawyer is key.

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Big ‘I’ Report: Independent Agency Channel Placed 62% of Premiums in 2023

Insurance Journal

By Chad Hemenway Independent agents placed more than 62% of all property/casualty insurance written in the U.S., according to the Independent Insurance Agents & Brokers of America (the Big “I”).

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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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Founder of Y Combinator-Backed Edge Talks Patents and Innovation – Evan Zimmerman – S8E19

Legally Speaking

Commercial law is a huge area of the legal sector. To help us get to grips with what life is really like as a commercial lawyer, particularly in a startup environment, we invited Yulia Barnes to speak to us about her experiences of founding Barnes Law Associates.

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Arkansas Sues Pharmacy Benefit Managers For Role in Opioid Crisis

Insurance Journal

By Andrew DeMillo Arkansas sued two pharmacy benefit managers that oversee coverage for insurers, employers and other large clients, accusing them of fueling the opioid crisis in the state. Attorney General Tim Griffin filed the lawsuit against Express Scripts Inc.

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Ukraine Strikes Russian Heartland: SBU Drones Hit Critical Oil Depot in Rostov

Complex Discovery

Editor’s Note: In a bold demonstration of its evolving military prowess, Ukraine has executed a high-stakes drone strike deep within Russian territory, targeting a vital oil depot in Rostov Oblast. This unprecedented action not only disrupts Russian military logistics but also showcases Kyiv’s expanding strategic reach. As the Russo-Ukrainian conflict enters its third year, the complexities of global alliances further intensify, highlighted by the strengthening ties between Russia an

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Fraud’s Foe: How MFA Shuts the Door on Cybercriminals

Insurance Journal

As cyber threats become increasingly sophisticated, securing user identities is paramount. Multi-factor authentication (MFA) is a formidable defense, requiring multiple verification methods to authenticate identity.

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The Smart Workforce Pivot: Insurance’s Backdoor to Talent Acquisition

Insurance Journal

The dilemma in today’s labor market is real. In 2023, the U.S. labor market had 9.5 million unfilled jobs. Yet there were just 6.5 million unemployed workers, according to the U.S. Chamber of Commerce.

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Florida Citizens Board Votes to Raise Rates 14% But Costs Are Down

Insurance Journal

The board of governors for Florida’s state-created Citizens Property Insurance Corp. voted unanimously in June to raise personal lines rates by an average of 14% statewide – near the maximum allowed under the insurer’s glide path – starting next year.

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Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators

Insurance Journal

Farmers Insurance officials said in June that they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and overworking claims professionals.

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Impacts of Economic Changes on California Workers’ Comp

Insurance Journal

Projected changes to California workers’ comp claims frequency and severity due to industry mix of employment are negligible through 2026, while employment in most industries fully recovered from the initial pandemic related changes by the end of 2022, a new …

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US P/C Insurers Post Best Q1 Underwriting Result in 17 Years

Insurance Journal

By Susanne Sclafane Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94 — the best since first-quarter 2007.

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Talent Gap

Insurance Journal

It’s no secret — independent insurance agencies are struggling to find qualified job candidates. And young talent may be even harder to find.

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Cal/OSHA Board Adopts Workplace Standard for Indoor Heat

Insurance Journal

A California workplace safety oversight board adopted a new standard for indoor workplaces to enact safety measures when the temperature reaches 87°F.

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People & Places

Insurance Journal

National Specialist insurer Hiscox appointed Mary Boyd CEO of its U.S. business unit to succeed Kevin Kerridge, who is stepping down after 30 years in the business. Boyd had been CEO of Plymouth Rock Assurance’s independent agency business since 2018.

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Could Your Company’s Recruitment Practices Pose a Liability Risk?

Insurance Journal

As an insurance organization you understand risk management better than most businesses.

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The Problem(s) With Hail Claims – Part 3

Insurance Journal

My previous two columns (May and June 2024) addressed issues with hail and windstorm claims regarding the discovery and reporting of damage, actual cash value versus replacement cost valuation and 180-day reporting conditions, percentage deductibles, special cosmetic damage limitations, and …

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Managing Stress Effectively

Insurance Journal

This post is part of a series sponsored by PCF Insurance Services.

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Business Moves

Insurance Journal

National PCF Insurance Services, The Brady Agency, Ignitist, Roseberry Insurance Agency, Sinnot Agency Broker PCF Insurance Services continued its recent buying spree with the purchase of four insurance businesses in North Carolina, Pennsylvania, Mississippi and Iowa.

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Declarations

Insurance Journal

Home Insurance Costs “I never even talked about insurance, really up until the last year and a half. … Now, it’s a significant impact for the borrower as they qualify for the loan.

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Texas Health System Loses COVID-19 Business Interruption Suit

Insurance Journal

By Ezra Amacher A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 …

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Inflation, the Economy and Workers’ Comp: A Positive Outlook

Insurance Journal

By Jahna Jacobson Inflation is cooling, employment growth is normalizing and the workers’ compensation outlook is good, according to a national economist specializing in workers’ compensation.

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Excessive Heat Concerns in Workers’ Comp

Insurance Journal

By Allen Laman With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States, many American workers are clocking in during what AccuWeather described as an “intense heat wave that is impacting more than 135 million …

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Cyber Insurance Market ‘Stable’ With Potential for Growth, Says AM Best

Insurance Journal

By Chad Hemenway According to industry rating agency AM Best, there are enough positive factors to give the cyber insurance market a “stable” outlook despite a stall in premium growth.

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Detroit to Pay $300K to Man Wrongfully Accused of Shoplifting

Insurance Journal

By Ed White The city of Detroit has agreed to pay $300,000 to a man who was wrongly accused of shoplifting and also change how police use facial recognition technology to solve crimes.

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Massachusetts Orders 14.6% Cut in Workers’ Compensation Rates

Insurance Journal

Massachusetts businesses will see an average 14.6% reduction in workers’ compensation rates–a cut that is almost twice the size of what the insurance industry’s rating bureau proposed in its filing. The lower rates go into effect on July 1, 2024.

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Federal Court Won’t Intervene in Erie Insurance Tiff With Maryland Regulator

Insurance Journal

A federal appeals court has declined to intervene in state regulatory proceedings in Maryland involving allegations of redlining by Erie Insurance, despite Erie’s complaints that the regulator has already shown bias against it and is likely to do so again.

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Vermonters Assess Beryl Damage, Begin Cleanup One Year After Major Flooding

Insurance Journal

PLAINFIELD, Vt.

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