Insurance technology news from RiskSpan, Genpact, Sapiens and more.
The U.S. Court of Appeals for the Fifth Circuit has reversed the decision of the lower court, finding that a policy that listed windstorms among the covered perils did not cover flood damages caused by Hurricane Harvey, even though flooding was not specifically excluded.
The company's GL policy did not cover bodily injury or property damage caused by 'rendering or failure to render' professional services.
There are still many areas in which the automobile insurance laws can be amended to protect the legal rights of accident victims. Gerald Baker suggests that the Legislature consider the following as a start.
An insurance scheme shows its flaws.
The third of several parts of an analysis of the updated Homeowners - Special Form March 2022 edition. Coverages D Loss of Use and E Additional Coverages are discussed.
When hurricane wind damages a window's effectiveness, leading to property damage from rain, is there coverage?
Nearly 420 deals were completed during 2021, which saw a lot of activity during its second half.
HO 04 95 03 22 Limited Water Back-up and Sump Discharge or Overflow Coverage.
Corporations may prefer to pay these costs rather than face a rock-hard D&O insurance market and the seemingly "deny first and ask questions later" attitude of many claims handlers nowadays, or go through the hassle of creating a trust or other alternative arrangement for indemnification.