A former NFL player who suffered what the league deemed a career-ending concussion has sued Lloyd’s of London for denying a $1 million insurance policy for professional athletes. The lawsuit filed this week in North Carolina could become a test …
Takata Corp., the airbag supplier behind the industry’s largest ever recall, routinely manipulated results of airbag inflator tests reported to Honda Motor Co., according to an ongoing audit commissioned by the parts maker and its biggest customer. Takata engineers removed …
Cybersecurity is the biggest concern for companies evaluating risk in the nascent self-driving vehicle industry, according to a survey conducted by Munich Re. The world’s second-biggest reinsurer found that 55 percent of corporate risk managers surveyed named cybersecurity as their …
New maps for Dare County, N.C., are removing thousands of homes and lots from flood zones, creating a need to update local building codes that until now accounted for more rising water. The Virginian-Pilot of Norfolk reports that, according to …
A Texas lawyer and six co-defendants are now facing a reduced indictment of 73 charges, instead of 95, at federal trial on accusations that they faked more than 40,000 damage claims after the BP oil spill in 2010. Online court …
John Belnap would have experienced a “black hole” of darkness within moments after taking off from Brookings, Ore., on the moonless night of July 4, when his Cessna 172 crashed into the Pacific Ocean. The relatively inexperienced pilot from Grants …
Florida Governor Suspends Mayor After Insurance Fraud Charge Gov. Rick Scott has suspended from office the mayor of the central Florida city of Tavares after he was charged with insurance fraud. Scott issued the executive order on Thursday, one day …
New York will require $1 million coverage for life-threatening brain injuries and other new health insurance for both professional boxers and its first group of licensed mixed martial artists under regulations slated to take effect in September. The State Athletic …
There are two principal viewpoints on when a UM/UIM claim accrues for purposes of triggering a limitations period. The majority view holds that the accrual date is triggered upon the insurance company’s breach of the insurance contract as opposed to …
Most companies are unprepared for the emergence of autonomous vehicles (AVs), according to corporate risk managers surveyed by Munich Re at the 2016 Risk and Insurance Management Society Conference (RIMS). Despite the potential business impact of this technology, a majority …