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The case hinged on the innocent insured doctrine, which allows for recovery if a co-insured deliberately causes a loss.
The nationwide average cost for renters insurance is $180 annually, or about $15 per month.
Insurance industry news from Ryan Specialty, FM Global, Signal Restoration and more featured in weekly update.
Chubb Chairman and CEO Evan Greenberg delivered the Tuesday morning keynote at RIMS RISKWORLD in San Diego.
The increased utilization of AI will improve efficiencies in routine tasks, but it does not eliminate the need for human oversight.
Consolidation in the health care industry is among the challenges facing the medical professional liability sector.
CISOs confront significant personal civil and criminal liability in connection with their handling of breaches and associated disclosures.
The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
Cannabis regulation is now top-of-mind in Washington, D.C. Pot reclassification could shake up its insurance outlook.
For now, the onus is on insurers and insurtech companies to ensure AI does not cross ethical boundaries.