First Jury to Hear Business Interruption Case Sides with Insurer
In the first jury trial considering a COVID-19 business interruption case, The Cincinnati Insurance Co. Inc. was freed from having to cover the losses of a Kansas City, Missouri, restaurant management group that was forced to close at least nine locations as a result of coronavirus stay-at-home orders.
Weapons Exclusion Clause Puts the Onus on Bar Owner After Stabbing
The U.S. Court of Appeals for the Fifth Circuit ruled that an insurance company doesn't have to protect a bar against personal injury claims by patrons who were stabbed there as the establishment's policy from the Houston Specialty Insurance Co. contained an exclusion for injuries caused by firearms or other weapons.
These Industries Draw the Most Hacker Heat
The threat from ransomware has grown during 2021, despite a decline in breaches in Q3, and these types of cyberattacks are expected to cost businesses more than $20 billion this year, according to NordLocker, an encrypted cloud service provider.
Clock Is Ticking for Contractors and Workers Resisting Vaccine Mandates
The clock is ticking for companies that want to continue gaining federal contracts under an executive order by Democratic President Joe Biden, which requires all contractor employees be fully vaccinated against COVID-19 by Dec. 8.
Insurtech Lemonade Enters 'Green' Auto Insurance Business
Home, renters and pet insurer Lemonade is deploying its artificial intelligence, behavioral economics and social good mantra with its newest product, Lemonade Car.
CNA Boosts Q3 Profit Despite Catastrophes; Sees 'Favorable' 2022 Ahead
CNA booked Q3 2021 net income of $256 million compared to $213 million the year before.
Hospitality on the Road to Recovery
The hotel industry has made progress on the road to recovery from the effects of the COVID-19 pandemic, but in total, the sector is still reeling.
New York DFS Announces New Climate Change Division, Appoints Dr. Chen to Lead
In its latest move to address the effects of climate change, the New York Department of Financial Services (DFS) announced a new climate risk division and appointed Dr. Nina Chen as its executive deputy superintendent.
The Bigger Picture of COVID-19 Data
At their September 2021 virtual conference, Elevate, a panel of experts provided updates on the most comprehensive and current COVID-19 claims data available.
OSHA Moves Closer to Issuing Vaccination Mandate
On October 12, nearly a month after President Biden directed the Occupational Safety and Health Administration (OSHA) to issue a rule mandating COVID-19 vaccinations or weekly testing for all private sector businesses with 100 or more employees, OSHA finally submitted an emergency temporary standard (ETS) to the White House's Office of Information and Regulatory Affairs (OIRA) for review.
The Rise of 'Triple Extortion' In Ransomware Pandemic
Ransomware is the most prominent threat in the cyber space today. Cyber insurer Allianz Global Corporate & Specialty (AGCS) recently went so far as to call ransomware a “pandemic" – one that is spreading rapidly around the world.
Construction Industry Set for Huge Growth, but Labor Challenges Remain
The global construction industry has remained remarkably resilient during the coronavirus pandemic, and it now looks set to be a “global engine for economic growth and recovery from COVID-19," according to a new report from Marsh, Guy Carpenter, and Oxford Economics.
