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Category: Regulatory / Legal

Regulatory / Legal


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 […]


Regulatory / Legal

New Jersey Lawmakers Advance Bill Limiting Gun Carry, Requiring Liability Insurance

November 1, 2022

Via: Insurance Journal

A New Jersey legislative committee voted to require liability insurance for gun owners and restrict where they could carry their weapons, moving what would be some of the strictest US firearms limits closer to becoming law. The vote by the […]


Regulatory / Legal

Navy veteran pleads guilty in $2 million insurance scam

October 31, 2022

Via: Insurance Business

A US Navy veteran has pleaded guilty to charges related to an insurance fraud scheme that bilked a program that compensates service members who suffer serious and debilitating injuries while on active duty. Christopher Toups, who at the time of […]


Regulatory / Legal

Florida Governor Plans to Call Second Special Session to Tackle Insurance Crisis

October 21, 2022

Via: Insurance Journal

Florida’s besieged property insurance industry is hoping the second time will be the charm, after Gov. Ron DeSantis announced that he is working with lawmakers to schedule another special session to help stablilize the market. The governor’s office did not […]


Regulatory / Legal

Judge dumps COVID-19 business interruption claims against Erie Insurance

October 18, 2022

Via: Insurance Business

A federal judge in western Pennsylvania has ruled that losses from the COVID-19 pandemic and related government shut-down orders do not trigger business interruption (BI) coverage under Erie Insurance’s (Erie) commercial “all risk” property policies. Reuters reported that Chief US […]


Regulatory / Legal

Insurance commissioner called out over rate moratorium

October 14, 2022

Via: Insurance Business

An insurance agency association is calling for California Insurance Commissioner Ricardo Lara to reconsider his moratorium on auto insurance rate filings, as the group claims that the measure has severely limited options for consumers in the state. “Commissioner Lara’s Rate […]


Regulatory / Legal

Louisiana Insurance Commissioner Approves Citizens Rate Increase of 63%

October 11, 2022

Via: Insurance Journal

Louisiana Insurance Commissioner Jim Donelon approved a significant rate hike for Louisiana Citizens residential property insurance policies, a move the insurance department blamed on rising costs of reinsurance. Donelon approved Citizens’ request for a 63% rate increase, which will go […]


Regulatory / Legal

UK Market Turmoil Threatens Plans for Post-Brexit Reforms for Insurers

October 6, 2022

Via: Insurance Journal

Reforming European Union insurance rules to release billions of pounds of capital is a key part of the UK government’s program to boost the economy. The market turmoil unleashed by the mini-budget may make such ambitions harder to deliver. The […]


Regulatory / Legal

Illinois Court: Insurers Cannot Exclude UIM Coverage for Bicyclists and Pedestrians

October 5, 2022

Via: Insurance Journal

Auto insurance carriers must pay uninsured motorist benefits to insureds who are injured by motor vehicles while walking or bicycling, even if their policies explicitly provide coverage only to occupants of insured automobiles, an Illinois Appellate Court panel ruled. The […]


Regulatory / Legal

National Flood Insurance Program Extended to Mid-December

October 3, 2022

Via: Insurance Journal

Late last week President Joe Biden signed legislation passed by Congress to extend the National Flood Insurance Program’s authorization to Dec. 16, 2022. “NFIP reauthorization is an opportunity for Congress to take bold steps to reduce the complexity of the […]