Florida Supreme Court Approves Board Certification in Insurance Law

Lawyers on both sides of the insurance aisle will soon be able to say they are “board-certified” in insurance coverage law, after the Florida Supreme Court approved the new certification last week. The court made… Read more

Napa Wildfire Study Eyes Funding Prevention, Improving Insurance Availability

A new report looks into how to put more resources into prevention before a wildfire strikes, maintain resilience and direct new investment where it can deliver the greatest value using Napa, California as a case… Read more

The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In

Nick Kosiavelon, an insurance defense attorney in Massachusetts, tells the story about some plaintiffs’ lawyers he faced off against in a recent brain-injury lawsuit. He said within an hour of seeing the list of potential… Read more

Property Claims Face Delays, Are Growing More Complex

Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also shows claims costs are under… Read more

EU Backs Ukraine War Risk Insurance as Market Rebounds

The European Union is providing a new backstop to a war risk insurance program for the Ukrainian logistics sector, amid a rise in demand due to intensifying Russian attacks. With EU backing, the European Bank… Read more

Banking Watchdogs Ramp Up AI Scrutiny as Stability Fears Mount, Sources Say

Banking regulators are stepping up efforts to contain growing AI risks, six people familiar with the matter said, with some pointing to the potential for cyberattacks on banks or rogue agents undermining global financial stability.… Read more

Property Claims Face Delays, Are Growing More Complex

Despite the promise of artificial intelligence and other technology to improve and speed the insurance process, property claims face delays and growing complexity, according to a new report that also shows claims costs are under… Read more

Axa Braces for Loss of Paschi Contract as Italy Bank Deals Swirl

Axa SA expects to lose its distribution partnership with Banca Monte dei Paschi di Siena SpA next year, potentially putting the insurer on the losing side of the deals wave washing across Italian finance. Axa’s… Read more

Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says

The North Carolina Court of Appeals last week reinforced long-debated exceptions to the exclusive remedy of the workers’ compensation system in two high-profile cases that could prove costly for employers and insurers. In the first… Read more

Cyber Rates Are Down, Risks Are Up but Small Businesses Slow to Adopt

The commercial cyber insurance market is strong and growing, but small to midsize businesses may be falling behind as cybercriminals ramp up AI efforts. “Cyber threats are evolving faster than many businesses can adapt, creating… Read more