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Massachusetts high court: indemnity clause survives time limitation statute
[ad_1] “A key difference between an action in tort and an action in contract is that in the latter, the standard of performance is set by the defendants’ promises, rather than imposed by law,” the court wrote. The indemnity obligation in this case, the court found, was one CHA “freely and intelligently chose to be…

Court dismisses insurers’ breach claims against Blackbaud over 2020 cyberattack
[ad_1] The plaintiffs, which included Travelers and a group of insurers affiliated with Philadelphia Indemnity, reimbursed their insureds for expenses following the breach, including costs of forensic investigations, legal counsel, constituent notifications, and credit monitoring. Their insureds—more than 100 nonprofit and educational organizations across 35 states and the District of Columbia—used Blackbaud’s software to manage…

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Four Gift Shop Insurance Policies You Need for Your Business
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The captive craze is testing broker credibility, said industry veteran
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