The appraisal process in Minnesota has long been a cornerstone in resolving disputes over the value of insured property losses, focusing primarily on determining the cause of damage and the cost of repairs while leaving coverage issues to the courts. Recent judicial shifts have spurred a crucial
The Texas Attorney General (AG) has filed a groundbreaking lawsuit against Allstate and its subsidiary, Arity, under the Texas Data Privacy and Security Act (TDPSA). This case, the first of its kind, accuses Allstate of collecting, using, and selling the geolocation and movement data of Texan
The Prudential Regulation Authority (PRA) has recently issued a significant Dear CEO Letter, outlining its expectations for UK insurers by the year 2025. This letter places a substantial emphasis on the Bulk Purchase Annuity (BPA) market, which has been experiencing unprecedented growth and
On January 3, 2025, the Delaware Superior Court delivered a significant ruling regarding the "bump-up" exclusion in Directors and Officers (D&O) insurance policies. The case involved Harman International Industries and Illinois National Insurance Company, centering on whether the
The devastating wildfires that began on January 7, 2025, in Los Angeles have left a catastrophic trail of destruction, leaving thousands of residents displaced and causing damage to homes, businesses, and entire communities. With insured loss estimates currently exceeding $30 billion, many
The landscape of bad faith insurance claims is constantly evolving, shaped by judicial decisions that set new precedents and refine existing laws. As we move into 2025, it is crucial for insurance professionals to understand how the significant court decisions of 2024 will impact their practices.
On December 23, 2024, President Biden signed into law two important pieces of legislation, the Paperwork Burden Reduction Act (Reduction Act) and the Employer Reporting Improvement Act (Reporting Act). Both acts target easing the administrative and reporting burdens on health plan sponsors and
The Consumer Product Safety Commission (CPSC) plays a crucial role in safeguarding the public from potentially dangerous consumer products. Recently, the CPSC announced recalls for several widely used products known to present serious fire hazards. These announcements have stirred concerns
In today’s rapidly evolving cybersecurity landscape, many organizations continue to rely on external consultancy firms or manually updated risk registers for conducting risk assessments. Although these approaches can bring a level of expertise or structure, they often prove to be expensive, slow to
Elon Musk has recently filed antitrust claims against OpenAI, challenging its transition to a for-profit organization. This move has garnered the support of U.S. antitrust regulators, including the Department of Justice (DoJ) and the Federal Trade Commission (FTC). These regulatory bodies have
