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Federal judge: American National Lloyds Insurance must defend property owner in roofer’s injury suit
[ad_1] In American National Lloyds Ins. Co. v. Alexis, Civil Action No. 23-130, the insurer sought a declaratory judgment that it had no obligation to defend or indemnify Michelange Alexis and Real Estate Brothers, L.L.C., in a lawsuit filed in Berks County Court by Ernesto and Ana Rosa. The plaintiffs allege that Mr. Rosa suffered serious…
State regulators approve sharp health insurance rate increases
[ad_1] In New Mexico, plans sold on and off the BeWell marketplace will increase an average of 35.7%, the report said. Regulators pointed to higher-than-expected claims in 2024, increased medical and pharmaceutical costs, and greater utilization. To soften the blow, the state will use its Health Care Affordability Fund to provide up to $68 million…
The uphill battle for small business workers’ comp: Why affordability and fraud are top concerns
[ad_1] “Workers’ compensation was already, in my opinion, one of the most complex lines of business to write,” she said. “Because the line is inextricably linked to the economy, drivers of profitability are not easily controlled or mitigated. In addition, its long-tailed nature brings uncertainty around the cost of goods sold, and the statutory benefits…
Zurich loses bid to block Rhode Island law in bad faith claim over NYC property
[ad_1] Zurich was represented by Mound Cotton Wollan & Greengrass LLP, with Philip C. Silverberg as counsel. Providence Capital LLC and Sherle Wagner International LLC were represented by Kevin Schlosser of Meyer, Suozzi, English & Klein, P.C., and Daniel M. Rabinovitz of Murphy & King, P.C., admitted pro hac vice. [ad_2] Source link
‘Maliciousness at scale’: The ‘cat and mouse’ chase of AI in cybercrime
[ad_1] 52% of companies in the US reported loss of sensitive information thanks to cyber crime in 2024 [ad_2] Source link
State Farm wins back right to pursue subrogation in warehouse fire case against Moving & Storage
[ad_1] Before that final payment, however, K&B reached a separate settlement with Moving & Storage’s insurer, Selective Insurance Company of America. On November 16, 2020, Selective paid K&B $92,424.24 in exchange for a general release. The agreement released both Selective and Moving & Storage from “any and all claims that may be submitted by another…