Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions..

Expert’s testimony should have been admissible in amputation case

POSTED: Thu, 02 Feb 2023 17:01:00

A district court should not have excluded an expert’s testimony, a federal appeals court ruled Wednesday in reinstating a case in which a forklift operator’s leg was amputated as a result of an accident.... Read Article

Texas title insurer wins ruling in hacking case vs. RLI

POSTED: Thu, 02 Feb 2023 16:36:00

A federal appeals court on Wednesday affirmed a lower court ruling in a title insurance company’s favor, holding the company had coverage under its crime policy in a case where a hacker stole almost $251,000 using a fraudulent routing number. ... Read Article

Illinois high court rules against company in BIPA case

POSTED: Thu, 02 Feb 2023 14:42:00

In a victory for plaintiffs, the Illinois Supreme Court unanimously ruled Thursday that claims under the Illinois Biometric Information Privacy Act are governed by a five-year, rather than a one-year, statute of limitations.... Read Article

Joe & the Juice settles sex discrimination case

POSTED: Thu, 02 Feb 2023 14:34:00

Joe & the Juice agreed to pay $715,000 and hire an employment monitor to settle regulatory charges that the Danish coffee, juice and sandwich chain failed since June 2017 to recruit, hire and promote women in its U.S. locations.... Read Article

Global insurtech investment falls 57%: Gallagher Re

POSTED: Thu, 02 Feb 2023 13:52:00

Global insurtech investment in the fourth quarter of 2022 fell 57% quarter-over-quarter to $1.01 billion, its lowest quarterly level since first-quarter 2020, according to the Global InsurTech Report on Thursday from Gallagher Re, the reinsurance brokerage business... Read Article

Captives an option amid challenging property insurance market

POSTED: Thu, 02 Feb 2023 13:42:00

Captives can be used to combat challenging conditions in the commercial property insurance market, experts say. ... Read Article

Global insurance rates increase 4% in Q4: Marsh

POSTED: Thu, 02 Feb 2023 13:34:00

Global commercial insurance pricing rose 4% in the fourth quarter of 2022, compared with 6% in the prior quarter, according to the Marsh Global Insurance Market Index, released Thursday by the brokerage.... Read Article

Recession in the cards despite stock market run-up: Economist

POSTED: Thu, 02 Feb 2023 12:45:00

The United States faces conditions that will likely tip the economy into recession this year despite recent big increases in stock prices, an economist said.... Read Article

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