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The scheme was uncovered while the California Department of Insurance was investigating an unrelated matter involving fake auto insurance claims.

Cumulatively, lightning-related fires account for $2 billion in annual payouts to small- and medium-sized businesses.

Review the current cybersecurity trends and learn how these risks are becoming more complex.

Under Connecticut law, 'actual impairment' could be interpreted to include the reallocation of resources following a cyberattack.

In light of the upcoming appeal, a federal judge in Camden, New Jersey, stayed proceedings in a separate business-interruption insurance case pending the outcome of the Supreme Court case.

Class action settlements hit a five-year low by a wide margin this past year, according to Carlton Fields.

On the trial's third day, the plaintiff's lawyer made a discovery that 'flipped the case' and led the defendant to settle for 250% of its $1M policy.

"A plain reading of the policy provides that the parties intended to exclude coverage for COVID-19 related losses like the losses plaintiff allegedly suffered in the immediate case," the court said.