Content from Jim Sams
Insurer Must Defend Firm Sued for Selling Facial Recognition Program to Police
An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued after selling the Chicago Police Department ...
Bankruptcy Judge Lets Directors of Failed SVB Tap $210M D&O Tower
A bankruptcy judge is allowing current and former officials with the parent company of Silicon Valley Bank to tap into the $210 million in insurance coverage available through directors and officers ...
LexisNexis: Auto Claim Severity Up 35% Over Pre-Pandemic Rates
Claim severity for both bodily injury and property damage increased by 35 percent since 2019, while collision claim severity has jumped 40 percent, LexisNexis Risk ...
Clear Intent to Exclude Named Storms Not Enough to Deny Coverage
In 2015, the Shiloh Christian Center in Melbourne, Fla., cut its property insurance premiums in half by asking its insurer to drop coverage for named windstorms.
State Farm must pay an uninsured motorist claim for injuries caused by an electric motor scooter even though the scooter didn't match the definition of "motor vehicle" in ... A combination of historic high inflation and a growing frequency of natural catastrophes is creating the hardest market in a generation for property insurance, the ... The Louisiana Supreme Court has joined state high courts across the nation in rejecting a policyholder's business interruption claim for income lost because of government ... Roadways in the U.S. are carrying heavier, more powerful vehicles operated by motorists who are older, driving faster and more often distracted, according to CCC ... Social media influencers and an insurance industry think tank are giving Hyundai and Kia vehicles the worst kind of publicity: Many of the cars the company sold are easy ...
Is a Scooter a Vehicle? Appeals Court Says ‘Yes’ and State Farm Must Pay UM Claim
APCIA Says Property Insurance Market ‘Hardest in a Generation’
Louisiana Supreme Court Reverses; No Coverage Owed for COVID Shutdown
Heavier Vehicles, Distracted Drivers Impacting Claim Severity: CCC Intelligent Solutions
Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal