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"General Liability"
Michael Johnston, the great, great grandson of the founder of one of the first Baptist churches in Texas, grew up being constantly warned about sin, including the evils of television and dancing. Thus it is a bit strange even to him that he has come to be known as the “marijuana guy” among insurance claims professionals. Continue reading
Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: Liability in Focus identifies defective product or work, crash and human error incidents as the largest causes of liability loss for businesses, based on analysis of insurance claims. Continue reading
Another issue here is the EFTA requires a consumer be provided with a copy of the electronic fund transfer authorization, said the ruling. “Park’s allegations regarding his lack of knowledge of the purported authorization, and Webloyalty’s failure to provide a copy of such authorization were sufficient on their face,” said the ruling, in reinstating the charge. Continue reading
(Bloomberg) — The potential for terrorists to pack small consumer drones with explosives or to use them as weapons has become a “tangible reality” in the U.S. that keeps security teams awake at night, two officials said. Continue reading
Firms considering cyber coverage should begin by assessing their risks and perils and considering whether these are already covered or excluded by other policies, says a report issued Thursday by the Risk & Insurance Management Society Inc. Continue reading
Captive insurers will help fill the coverage gaps that exist for emerging technologies, such as new entertainment and social platforms, driverless cars, drone delivery, and more, according to captive experts. Continue reading
Like other New Yorkers, Alex Story occasionally rents out her home through Airbnb, relinquishing her East Village townhouse to strangers who sleep in her bed, eat in her kitchen and lounge on her sofa. But she has found a less intrusive way to profit from her property: She rents it out by the hour, instead. Continue reading
As more and more Americans hold nontraditional jobs that don’t have benefits attached — think freelance graphic designers or Uber drivers — cities and states are exploring ways to ensure those workers still have access to workers’ compensation, unemployment insurance, and other support such as help paying for health insurance.
Think tanks and some tech and labor leaders have called for truly “portable” accounts that travel with the worker no matter how he or she earns money. Washington state Rep. Jessyn Farrell, a Democrat, proposed a bill last week that takes a first step toward a more flexible, inclusive benefit system. Continue reading
