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Category: Regulatory / Legal

Regulatory / Legal


Regulatory / Legal

Mississippi Pet Insurance Bill Fur Real This Time, Senators Say

February 3, 2023

Via: Insurance Journal

More Mississippi dogs, cats, reptiles and birds may soon be insured against costly medical bills thanks to legislation that passed in the state Senate Wednesday. Senate Bill 2228, by Sen. Walter Michel, a Republican from Ridgeland, would create “a comprehensive […]


Regulatory / Legal

Firearm insurance – amended bill submitted to Senate

February 1, 2023

Via: Insurance Journal

An amended bill was submitted by two California senators last week which will require gun owners in the state to secure liability insurance for their firearms. Introduced by Senators Nancy Skinner, D-Oakland and Catherine Blakespear, D-Encinitas, the amended Senate Bill […]


Regulatory / Legal

Louisiana governor calls special session over state’s property insurance crisis

January 23, 2023

Via: Insurance Business

Recognizing the instability of Louisiana’s property insurance market, Governor John Bel Edwards has called for legislators to convene a special session to address the issue. Edwards’ call comes after State Insurance Commissioner Jim Donelon appeared before the Joint Legislative Committee […]


Regulatory / Legal

New York Corporations Face Fines for Criminal Liability for Construction Deaths, Injuries

January 13, 2023

Via: Insurance Journal

Corporations in New York’s construction industry will face increased fines of up to $500,000 if they are found criminally liable for worker deaths or serious injuries. Gov. Kathy Hochul signed into law what has been named Carlos’ Law. The legislation […]


Cyber Risks, Regulatory / Legal, Risk Management

Ohio Supreme Court Holds that Insurance Policy Does Not Cover Ransomware Attack on Software

January 12, 2023

Via: JD Supra

In a unanimous decision, the Ohio Supreme Court found that appellee EMOI Services, LLC’s (“EMOI”) businessowners insurance policy does not cover losses resulting from a ransomware attack on EMOI’s computer software systems. EMOI, a computer software company, was the target […]


Regulatory / Legal

New Louisiana Laws Require Hurricane Mediation Program, Catastrophe Response Plan

January 10, 2023

Via: Insurance Journal

Louisiana lawmakers passed several bills last legislative session in response to insurers’ handling of recent natural disasters, five of which went into effect Jan. 1, 2023. The legislation resulted from a shaken homeowners insurance market that experienced eight insurers leave […]


Regulatory / Legal

Former California Insurance Agent Sentenced After Embezzling Clients’ Premium Payments

December 27, 2022

Via: Insurance Journal

Anaiza Villarreal Lopez, 30, of McFarland, California was sentenced in Kern County Superior Court on one count of grand theft by embezzlement after pocketing clients’ premium payments and leaving several of them uninsured. After receiving a complaint, the California Department […]


Regulatory / Legal

UK Insurers, Banks Hope for Substantive Financial Services Reforms in 2023

December 22, 2022

Via: Insurance Journal

After a jarring six months marked by sweeping policy promises, U-turns and four Chancellors of the Exchequer, UK financiers head into 2023 uncertain that the coming year will finally usher in substantive reforms to the City of London. Current Chancellor […]


Regulatory / Legal

New York Jury Convicts Lawyer, Doctor in $31M Trip-and-Fall Insurance Fraud

December 19, 2022

Via: Insurance Journal

A New York attorney and surgeon were convicted by a Manhattan jury of six counts of fraud for participation in an illegal scheme that included false insurance claims and unnecessary surgeries for alleged injuries from staged trips and falls, a […]


Regulatory / Legal

Texas Supreme Court to Hear Case on Liability for Railroad Crossing Collision

December 16, 2022

Via: Insurance Journal

The Texas Supreme Court has agreed to hear a case involving a collision of a train and a car at a railroad crossing that raises questions of federal preemption as well as sufficiency of evidence. Ladonna Sue Rigsby was killed […]


Regulatory / Legal

Florida property reforms pass House despite criticism

December 15, 2022

Via: Reinsurance News

Florida’s property insurance reform bill has been passed by the House and awaits a signature from State Governor Ron DeSantis, despite opposition from Democrats. The bill aims to create a $1 billion reinsurance fund, reduce litigation costs and may compel […]


Brokers, Regulatory / Legal

Court Decides Insurance Broker’s Duty to Inform LLCs About Workers’ Compensation

December 15, 2022

Via: Insurance Journal

What is the duty of an insurance broker in New Jersey to members of a limited liability corporation (LLC) when it comes to workers’ compensation coverage? The New Jersey Supreme Court this week ruled that a broker has a “non-waivable” […]


Regulatory / Legal

Ohio Supreme Court: No Coverage Owed for COVID Business Shutdown

December 13, 2022

Via: Insurance Journal

The Ohio Supreme Court ruled Monday that COVID-19 cannot cause any direct physical damage or loss that is covered by a commercial property insurance policy, joining nine other state high courts that have rejected similar business-interruption claims. The Ohio court […]


Regulatory / Legal

Timing “lousy” for private flood insurance mortgage changes

December 5, 2022

Via: Insurance Business

The Housing and Urban Development Department (HUD) has opened up an option for more mortgage borrowers in special flood hazard areas (SFHAs) to access the private flood insurance market. While a welcome change, the timing is “lousy” according to a […]


Regulatory / Legal

What Snap Removal Debate Means for Insurance Disputes

December 5, 2022

Via: JD Supra

When defendants are sued in state court, one of the first things defense attorneys will usually consider is whether the case is removable, and if so, whether it should be removed. A recent practice, spurred by case law, has allowed […]


Regulatory / Legal

SMBC Joins List of Aviation Lessors Suing Insurers Over Jets Stuck in Russia

November 29, 2022

Via: Insurance Journal

SMBC Aviation Capital has joined most of the world’s largest aircraft lessors in pursuing insurance claims through the courts over jets it owns that are stuck in Russia, an Irish High Court filing showed. Irish-headquartered SMBC recorded an impairment of […]


Regulatory / Legal

Spouses plead guilty in $1 million insurance scam

November 29, 2022

Via: Insurance Business

A former Amtrak employee has pleaded guilty to conspiring with her husband to steal almost $1 million in COVID-19-related unemployment insurance benefits and for dishonestly obtaining more than $63,000 in sickness benefits. Lizette Berrios Lathon, 45, of Moreno Valley, Calif., […]


Regulatory / Legal

Insurance agent, attorneys indicted in multimillion-dollar scams

November 22, 2022

Via: Insurance Business

A North Carolina insurance agent and two St. Louis tax attorneys have been indicted on charges related to a $200 million insurance scam and the operation of a fraudulent tax shelter that caused a tax loss to the IRS of […]


Regulatory / Legal

Chubb Gets Regulatory Nod From China to Raise Stake in Huatai to 83.2%

November 18, 2022

Via: Insurance Journal

Chubb Ltd. announced it has received regulatory approval from the China Banking and Insurance Regulatory Commission to increase the company’s ownership in Huatai Insurance Group Co. Ltd. from 47.3% to 83.2%. Financial details of the deal were not disclosed. Huatai […]


Regulatory / Legal

Houston Business to Pay $300K For Workers’ Comp Insurance Fraud

November 15, 2022

Via: Insurance Journal

The Texas Department of Insurance Division of Workers’ Compensation (DWC) announced that a Travis County district court judge convicted Sehgal & Sons Enterprises (Ultra Business Services Inc.) of first-degree felony in a scheme to defraud Texas Mutual Insurance Company (Texas […]