David Blades (pictured above), associate director, industry research and analytics at AM Best, said that social inflation, life care plans, jury anchoring, and litigation financing are frequently cited as contributing to the escalation of excess verdicts.
According to new research from marketing insights firm MarketCast, Liberty Mutual’s LiMu Emu and Doug led the pack, outperforming competitors in ad breakthrough, brand attribution, and message recall. The duo’s use of visual cues—such as bold yellow branding, the Statue of Liberty, and the familiar “Liberty, Liberty, Liberty” jingle—has earned Liberty Mutual a solid place…
Senate Bill 2339 would prohibit courts from holding utilities strictly liable for damages caused by wildfires. Instead, utilities could use voluntarily created wildfire mitigation plans as proof that they took reasonable steps to prevent fires. These plans would need to outline high-risk service areas, vegetation management strategies, and wildfire response procedures. Source link
Following the sale, Lennon and her company continued to operate the venue under the Warehouse 215 name, using it in promotional materials, liquor license applications, and business filings. Bentley Projects filed a suit in Arizona state court, accusing them of unauthorized use of the trade name, unfair competition, and trademark infringement under both Arizona law…
• Number of Claims Settled: 9,22,207 •Amount of Claims Settled: ₹19,327.63 crore •Claim Settlement Ratio: 98.52% •Repudiation Ratio: 0.87% •Pending Claims Ratio: 0.08% •Analysis: LIC continues to dominate the life insurance market with the highest number of claims settled and a substantial amount of payouts. Its high claim settlement ratio, coupled with a low repudiation…
Sletteland, who assumes the role of regional executive for New York Metro, most recently served as a broker relationship leader. Also based in the New York area, she joined Zurich in 2008 following roles at Marsh McLennan, Priceline, and Citigroup. In her new role, she will be responsible for overseeing Zurich’s engagement in one of…
