America’s insurance industry is currently riveted on the details of an interesting court case from Washington State. That matter centrally spotlights the extension of personal liability in bad-faith litigation.The key facts of the case can be quickly sketched. An...
Month: January 2019
Insurers duly focused on policyholders’ opioid-linked claims
It immediately makes sense why drug manufacturers would seek coverage from insurers against claims that opioid-linked addictions and resulting harms spiked following their alleged downplaying of known drug risks for users.And it makes just as much sense why insurance...
Insurers face hard, distinct challenges re cyberattack claims
Many insurance companies are stuck between that proverbial “rock and a hard place” when it comes to cyberattack claims. Those increasingly issue from commercial policyholders who have generalized risk policies rather than specific cyberattack coverage.On the one hand,...
What qualifies for entry into the Insurance Fraud Hall of Shame?
The age-old American maxim “turnabout is fair play” conveys a fairly simple idea, namely this: If you get the chance to do something, fairness dictates that I receive the same opportunity.That principle applies in American society from the onset of play in an...
Legalized pot a progressively increasing risk for insurers
“Time is of the essence.”So says Nat Wienecke, a principal with the Property Casualty Insurers Association of America. Wienecke’s remarks – and the shared concerns expressed by other insurance groups and institutes across the country – are focused upon the steady...