Industry News

Industry Roundup: Mitigating Workers’ Comp Claims for Remote Employees; ​Autonomous Trucks Would Haul New Risks Into Commercial Lines; New ISO Homeowners Policy Form Update

​​Autonomous Trucks Would Haul New Risks Into Commercial LinesThe emerging technology raises questions around what it means to 'operate' a vehicle and how liability will be determined.Court Finds Coverage for CBD Claim Through ScienceBecause laws, regulations and rules governing cannabis are constantly changing, the applicability of certain exclusions to coverage may change depending on when a loss occurs.Mobile Use Still Lagging for Insurance Sales, ClaimsWhile mobile devices have become ingrained in our culture, both personally and professionally, consumers still aren't robustly leveraging insurance company apps, according to a survey from Lightico, which found mobile is the among least used methods for performing sales and claims…

Continue ReadingIndustry Roundup: Mitigating Workers’ Comp Claims for Remote Employees; ​Autonomous Trucks Would Haul New Risks Into Commercial Lines; New ISO Homeowners Policy Form Update

Industry Roundup: Clock Ticking for Workers Refusing Vaccines; Industries with Most Hacker Heat; OSHA Moving Toward Vaccine Mandate; & More

​First Jury to Hear Business Interruption Case Sides with InsurerIn the first jury trial considering a COVID-19 business interruption case, The Cincinnati Insurance Co. Inc. was freed from having to cover the losses of a Kansas City, Missouri, restaurant management group that was forced to close at least nine locations as a result of coronavirus stay-at-home orders.Weapons Exclusion Clause Puts the Onus on Bar Owner After StabbingThe U.S. Court of Appeals for the Fifth Circuit ruled that an insurance company doesn't have to protect a bar against personal injury claims by patrons who were stabbed there as the establishment's policy from the Houston Specialty Insurance…

Continue ReadingIndustry Roundup: Clock Ticking for Workers Refusing Vaccines; Industries with Most Hacker Heat; OSHA Moving Toward Vaccine Mandate; & More

Industry Roundup: ​Auto Insurers Face Mounting Claims Costs Post-Pandemic; More Organizations Are Saying ‘No’ To Ransomware Demands; U.S. Infrastructure Bill Offers the Groundwork for Personalized Insurance

​Auto Insurers Face Mounting Claims Costs Post-PandemicSurging vehicle repair and replacement costs will significantly slash underwriting margins of the country's car and truck insurance providers as claims rebound to pre-pandemic levels.Judge Stands by Decision to Deny Dismissal of Bi SuitThe case involves the important issue of whether the COVID-19 virus causes “physical loss or physical damage." In the motion for reconsideration, Continental Casualty cited several decisions from New York and Illinois asserting that courts in both jurisdictions overwhelmingly found that the presence of the virus does not trigger coverage under a policy requiring “direct physical loss or damage to property."More Organizations Are Saying 'No' To…

Continue ReadingIndustry Roundup: ​Auto Insurers Face Mounting Claims Costs Post-Pandemic; More Organizations Are Saying ‘No’ To Ransomware Demands; U.S. Infrastructure Bill Offers the Groundwork for Personalized Insurance