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Homeowners Coverage When the Insured Uses a Gun

​The following is a rerun of a blog post that was originally posted on ​February 7, 2011.  It has been revised only to update some of the wording. Unfortunately, it is still timely.​​Question from a Big I NY ​member: Our insured has a license to carry a gun.  When being confronted by an attempted robbery, he uses the gun but the shot hits a bystander.  I do not see where an exclusion would apply in this case as it was not expected or intended.  Do you agree that his liability insurance would defend him in this situation?  Even if the shot hits the robber, I would think coverage…

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Industry Roundup: Cyber-Insurer War Exclusion Clauses Face Reckoning; Trends Shaping the US Transportation Insurance Market; What Does a Recession Mean for Insurance Payments?; Is the Four-Day Workweek an Inevitable Part of Our Future?

​As War Rages on, Cyber-Insurer War Exclusion Clauses Face ReckoningAs more state actors engage in cyberwarfare, insurance companies and private businesses are struggling to find common ground on what the "War Exclusion Clause" means for them.Trends Shaping the US Transportation Insurance MarketThe transportation industry is driving into a barrage of headwinds in the form of inflation, rising gas and diesel prices, lower freight rates, supply chain disruptions, and ongoing challenges in the highly litigious liability arena.What Does a Recession Mean for Insurance Payments?Now more than ever, customers expect a modern checkout experience with flexible payment options and customer-first experiences.Is the Four-Day Workweek an Inevitable Part…

Continue ReadingIndustry Roundup: Cyber-Insurer War Exclusion Clauses Face Reckoning; Trends Shaping the US Transportation Insurance Market; What Does a Recession Mean for Insurance Payments?; Is the Four-Day Workweek an Inevitable Part of Our Future?

Industry Roundup: P&C Sector Outlook Stable Despite Claims Inflation; When Recession Strikes, Fraud Spikes; Auto Loss Costs Not Coming Down, Bigger Rate Hikes Ahead; Baksetball Hall of Fame and Chubb Hit the Court Over D&O Coverage

  • Post category:News

US P&C sector outlook stable despite further claims inflation, says Moody'sA recent report by Moody's affirmed that its stable outlook for the US commercial P&C insurance sector reflects strong underwriting profitability, despite slowing price increases and persistent claims inflation.When Recession Strikes, Fraud SpikesData shows reports made to the FBI's Internet Crime Complaints Center increased by 69.4% from 2019 to 2020.​Auto Loss Costs Not Coming Down; Bigger Rate Hikes Ahead: Allstate CEOHigher auto loss costs are here to stay, according to the leader of Allstate, who also said that his company will be pushing up auto insurance prices higher, and at a faster pace, for the…

Continue ReadingIndustry Roundup: P&C Sector Outlook Stable Despite Claims Inflation; When Recession Strikes, Fraud Spikes; Auto Loss Costs Not Coming Down, Bigger Rate Hikes Ahead; Baksetball Hall of Fame and Chubb Hit the Court Over D&O Coverage