Risk Management

Diocese Seeks Bankruptcy Resolution Amid Challenging Court Rulings
Risk Management Diocese Seeks Bankruptcy Resolution Amid Challenging Court Rulings

The Diocese of Rockville Centre is navigating a complex legal landscape as it seeks to resolve numerous Child Victims Act lawsuits through Chapter 11 bankruptcy. The primary objective is to protect the Diocese, its 136 parishes, and schools while ensuring equitable compensation for the victims and

Maximizing Insurance Recovery After Devastating California Wildfires
Risk Management Maximizing Insurance Recovery After Devastating California Wildfires

The recent wildfires that have ravaged parts of Los Angeles have left behind a trail of destruction, affecting thousands of homes and businesses and causing unprecedented financial losses. As the flames continue to burn, the urgency for both businesses and homeowners to prepare and file insurance

Should Insurance Appraisals Include Coverage Disputes in Minnesota?
Risk Management Should Insurance Appraisals Include Coverage Disputes in Minnesota?

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

PRA Emphasizes Robust Risk Management for Booming BPA Market
Risk Management PRA Emphasizes Robust Risk Management for Booming BPA Market

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

Delaware Court Rules on Bump-Up Exclusion in D&O Insurance Case
Risk Management Delaware Court Rules on Bump-Up Exclusion in D&O Insurance Case

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 exclusion applied

Does Old Republic Have a Duty to Defend in Title Dispute Cases?
Risk Management Does Old Republic Have a Duty to Defend in Title Dispute Cases?

The subject of analysis in this article is a legal ruling by Florida’s Third District Court of Appeal regarding the duty of Old Republic National Title Insurance Company to defend its insureds in a title dispute lawsuit. Centered on interpreting insurance policy terms, this case deliberates on the

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