Hartford and Capital Credit Union clash over $3 million in bankruptcy battle
The dispute centers on two contracts: the General Indemnity Agreement (GIA) and the Intercreditor Collateral Agreement (ICA). The GIA, signed…
Author: insuracarelife.com
Gary Semmer on building a stronger future
By January 2021, Semmer was tapped to help launch the AssuredPartners Construction Practice, alongside colleague Kyp Ross, AP surety president…
Aon unveils AI tool to spot supply chain weaknesses
AI-driven risk intelligence: Uses predictive analytics to monitor and forecast potential disruptions, providing early warnings and trend insights. …
US insurance sector struck by $101 billion in weather disaster losses
Methodological rigor and conservative estimates The billion-dollar disaster dataset, now managed by Climate Central after a transition from NOAA’s National…
Baird sues Chubb over denied $5 million cyber fraud insurance claim
After the loss, AIG paid its $2,500,000.00 policy limit under the Fraudulently-Induced Payment Coverage, acknowledging that Baird’s loss was covered.…
Understanding the Impact of Accidents on Your Commercial Truck Insurance in Florida
Introduction: The Importance of Commercial Truck Insurance For businesses operating in Florida, commercial truck insurance serves as a critical safeguard…
Liberty Mutual demands $600,000 after cargo vanishes in transit
The complaint sets out five causes of action: breach of contract and violation of the Montreal Convention, breach of bailment,…
New risk management challenges in privacy class actions
“The common sense conclusion, if these cases pick up steam, is to expect higher premiums for insureds with material exposure…
Liberty Mutual faces lawsuit over denied property claims
The second case, filed in Colorado state court, involved The Grand, a mixed-use development in downtown Denver. The owner of…
Progressive Insurance sues Maryland towing company over trademark
The insurer asserts that Progressive Towing & Hauling’s use of a similar logo – matching the stylized font and blue…