Laws & Regulations

Can Willful Ignorance Cost an Insurer $91 Million?
Risk Management Can Willful Ignorance Cost an Insurer $91 Million?

In a landmark decision that sent shockwaves through the insurance and legal communities, a Massachusetts judge ordered Liberty Mutual and its affiliates to pay a staggering $91 million judgment, not for the physical injuries a construction worker suffered, but for the company's deliberate and

Is GEICO Fighting a $2.7M Medical Fraud Ring?
Regulatory & Compliance Is GEICO Fighting a $2.7M Medical Fraud Ring?

A major federal lawsuit has brought to light allegations of a complex, multimillion-dollar fraud scheme targeting New York's no-fault insurance system, pitting one of the nation's largest auto insurers against a pair of medical supply companies and their owner. The insurance giant GEICO filed a

Insurers Move Past AI Hype to a Hard Focus on ROI
Regulatory & Compliance Insurers Move Past AI Hype to a Hard Focus on ROI

The insurance industry has reached a critical inflection point in its relationship with artificial intelligence, moving decisively beyond a period of speculative hype and into an era defined by a rigorous demand for measurable returns. After years of pilot projects and exploratory initiatives, the

Court Sides With Homeowner, Citing Contractor Liability
Regulatory & Compliance Court Sides With Homeowner, Citing Contractor Liability

An insurer-ordered home inspection seems like a routine part of property ownership, but when an inspector is injured on-site, a complex web of liability can quickly ensnare the unsuspecting homeowner. A pivotal California appeals court ruling, however, has recently brought much-needed clarity to

Homeowners Sue Chubb Over Rent for Their Own Property
Regulatory & Compliance Homeowners Sue Chubb Over Rent for Their Own Property

A Landmark Dispute Over Living Expenses and Insurer Duty A federal lawsuit recently filed in Colorado is poised to challenge the conventional understanding of insurance coverage for homeowners who have been displaced by disaster, scrutinizing the very definition of "Additional Living Expenses"

Court Blocks AIG's Early Exit From Major RWI Lawsuit
Regulatory & Compliance Court Blocks AIG's Early Exit From Major RWI Lawsuit

In a ruling that reverberates through the high-stakes world of mergers and acquisitions insurance, a Delaware court has determined that a $30 million legal victory is not necessarily the final word on the full scope of a company’s financial loss. This decision, stemming from a complex dispute

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