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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.
The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.
Insurance industry news from Orion180, PeppercornAI, HCI Group and more featured in weekly update.
Coverage is triggered by an accident and when the insured vehicle is towed at the request of a law enforcement officer.
The renters insurance market was worth around $4.5 billion in 2023.
Additionally, RIMS inducted Tata Consumer Products' Mrunal Pandit to its Risk Management Honor Roll.
The latest insurance industry personnel news from Nexus Group, atNorth, Cytora and more.
Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
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