Trade policies ignite new pressures in financial and professional liability insurance

[ad_1] The Fifth Circuit found that under Louisiana law’s one-year prescription period for products liability claims, Allied’s lawsuit was time-barred. The court ruled that RISE Residential, acting as an agent for the developer Provident Group-Flagship Properties, LLC, had constructive knowledge of the root cause well before the July 23, 2020 deadline. That knowledge, the court…

[ad_1] Further, the court affirmed the appointment of a Receiver to investigate and collect Atlas Turner’s insurance assets—defined to include policies, proceeds, claims, and related information. However, it reversed a portion of the Receivership order that extended control to “any other assets which are related to, touch or are otherwise relevant to such insurance.” That…

[ad_1] Using their supply chain data, businesses can model tariff exposure based on where goods come from, how much is spent, and where products are sold. Mitigation strategies, such as “rewiring” your supply chain or redesigning products to reduce exposure from specific components, can then be explored. [ad_2] Source link

[ad_1] House Bill 1228 creates a carveout to Kentucky’s long-standing rule that excludes psychological injuries from workers’ compensation coverage unless directly caused by physical harm. The bill, which applies to police officers, firefighters, emergency medical personnel, front-line state workers, and Kentucky National Guard members, introduces a presumption of compensability for PTSD diagnoses stemming from job-related…

[ad_1] Property and auto damage span multiple states [ad_2] Source link

[ad_1] Flood insurance is evolving, but the challenges remain steep – from educating homeowners on the true risks, to bridging gaps in coverage, to navigating the balance between private and public insurers. As the risks increase, the industry will have to adapt quickly. And for Templeton-Jones, that means one thing above all: “The education has to…