News
The insurance market underwriting cycle is turning unfavorable in many U.S. commercial market segments, including directors and officers (D&O) liability insurance, Fitch Ratings says. Premium rates in property lines have been declining for some time in response to a lack … Source: Claims Journal
The Florida Court of Appeals, Fourth District, in the case of One Call Property Services v. Security First Ins. Co., 2015 WL 2393353 (Fla. 4th DCA May 20, 2015), held that an insured’s assignment of a breach of contract action … Source: Claims Journal
The International Association of Arson Investigators, a training and certification organization based in Maryland, has recognized the Texas State Fire Marshal’s Office for its approach to reviewing fire science used in past arson convictions to make sure it meets current … Source: Claims Journal
When an Insured Vehicle Becomes an Uninsured Motor Vehicle for Injuries Sustained While Riding in it
A prototypical uninsured motor vehicle insurance claim involves an uninsured third party vehicle injuring someone in a different car that has both liability and uninsured motorist (UM) coverages. What happens when the policyholder is injured while she is a passenger … Source: Claims Journal
Consumer lawyers suing Volkswagen AG over economic losses tied to vehicles rigged to cheat emissions tests have nominated Kenneth Feinberg as a special settlement master. Feinberg handled General Motors Co.’ ignition switch fund, as well as compensation for victims of … Source: Claims Journal
The Federal Aviation Administration (FAA) has unveiled its registration process for owners of small unmanned aircraft (UAS), or small drones used for hobby or recreation. The registration requirement applies to UAS weighing more than 0.55 pounds and less than 55 … Source: Claims Journal
Among the many issues that Massachusetts lawmakers may deal with after returning from recess in January is whether to bring the state into compliance with REAL ID, a federal program that sets new requirements for driver’s licenses and other identification … Source: Claims Journal
Call it the invisible spill. You can’t see it, but it’s there — a steady stream of natural gas seeping out of the pipe casing in a well in Southern California that may spew as much greenhouse gas into the … Source: Claims Journal
The Supreme Court will decide whether states can criminalize a driver’s refusal to take an alcohol test even if police have not obtained a search warrant. The justices on Friday agreed to hear three cases challenging laws in Minnesota and … Source: Claims Journal
There has yet to be a confirmed U.S. collision between a drone and a manned aircraft, but there’s a growing number of close calls as drones fly where they least belong – near airports. A report released Friday counted at … Source: Claims Journal