Eleventh Circuit revives bad faith lawsuit against Kinsale Insurance
An insurer’s delayed settlement offer could cost it millions after a deadly parking lot shooting. Find out why the Eleventh Circuit says a jury should decide the outcome
An insurer’s delayed settlement offer could cost it millions after a deadly parking lot shooting. Find out why the Eleventh Circuit says a jury should decide the outcome
Bonnie Steen, who will mark 18 years with the company this year, has been promoted to regional vice president. Steen previously served as vice president and managing director for the company’s offices in New Orleans, Baton Rouge, and Ruston, Louisiana. Source link
“In the US, there are state level privacy laws,” he said. “There’s also been a federal refocusing on data security as a national security matter, as highlighted by the Department of Data Security Program that went into effect in April 2025. This means there’s been an increased scrutiny of AI technologies and, on top of…
Sexton outlined the internal factors boards must watch, including “changes to products, services or geographic footprint,” “rapid growth that creates new, large exposures” and “key person turnover or increased turnover across the firm.” External factors, he said, include “macroeconomic shocks,” “legal, regulatory or political environment” and “disruptive technologies.” Source link
In March, Utah Insurance Commissioner Jon Pike filed a petition alleging that Sentinel Security Life Insurance Co., Haymarket Insurance Co., and Jazz Reinsurance Co. were insolvent, had violated state insurance regulations, and failed to comply with department directives. Source link
The plaintiffs—Sergio Navarro, Theresa Gamage, Dayle Bulla, and Jane Kinsella—are former Wells Fargo employees and former participants in the Wells Fargo & Company Health Plan (“the Plan”), a self-funded employee welfare benefit plan governed by ERISA. They sued on behalf of themselves, other similarly situated participants, and the Plan itself. Source link
WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires. Source link