Insurance Law

  • Daily Business Review

    Insurers, Trial Lawyers Try Swaying Supreme Court in 'Bad Faith' Case

    By Jim Saunders | August 8, 2017

    The insurance industry and plaintiffs attorneys are trying to help sway the Florida Supreme Court in a potentially high-stakes case stemming from a fatal auto accident in 2006 in Palm Beach County.

  • Daily Business Review

    Ransomware Attacks Highlight Need for Cyberinsurance Coverage

    By Commentary by Walter J. Andrews and Katherine E. Miller | August 2, 2017

    A ransomware attack, like the Petya and WannaCry attacks, disables the user's computer system and all its data. A note in a text file then appears stating that in order to unlock the computer and access its data, a ransom must be paid, typically in the form of Bitcoin. The hackers threaten to delete all data on the computer system if payment is not sent, write Walter J. Andrews and Katherine E. Miller.

  • Daily Business Review

    Despite Frequency and Awareness, Cyberinsurance Market Lags

    By Commentary by Michael D. Ford | July 31, 2017

    Cybercrimes have been dominating our politics, our finances and our national security. Not a day goes by without news of another cyberattack, hacking scheme or massive data breach. They range in scale from simple identity theft of credit card numbers or online passwords to the recent WannaCry attack by North Korean hackers that disrupted computer systems in English hospitals, Chinese universities and German railways. According to the Identity Theft Resource Center, U.S. companies and government agencies suffered a record 1,093 data breaches last year, a 40-percent increase from 2015, writes attorney Michael D. Ford.

  • Daily Business Review

    Regulating Unmanned Aviation and Transferring Risk

    By Commentary by Gary Reshefsky | July 24, 2017

    On Aug. 29, 2016, the FAA implemented Part 107. The rule created a regulatory framework for the civil and commercial operations of small UAS, weighing 55 pounds or less. Generally, Part 107 requires operators to fly under 400 feet, within visual line of sight and only during daylight hours. Under this process, drone pilots are issued a Remote Pilot Certification and each drone is registered with the FAA, writes Gary Reshefsky.

  • Daily Business Review

    Have You Examined Your Cyber Insurance Policy Lately?

    By Monika Gonzalez Mesa | July 7, 2017

    Walter Andrews, head of Hunton & Williams' insurance litigation and recovery practice, says that many of those who have cyber insurance discover too late that their policies are not useful.

  • Daily Business Review

    Oh No, Not Again! Assignment of Benefit Reform Failed. Now What?

    By Commentary by Jason B. Wolf | June 28, 2017

    Reform looked promising at first, but any chance at progress died in various Senate committees in the mad rush to adjournment. Some versions of reform passed in the House, but the end result is that AOB reform is off the table, at least until the next Legislative session, which opens on Jan. 9, 2018, writes Jason B. Wolf.

  • Daily Business Review

    Exiting Atwater Takes Aim at 'Assignment of Benefits' Problems

    By Jim Saunders | June 15, 2017

    Readying to leave the state Cabinet at the end of the month, Florida Chief Financial Officer Jeff Atwater said lawmakers need to address an insurance practice that critics argue is driving up homeowners' rates.

  • Daily Business Review

    Supreme Court Takes Case About Judges v. Juries in Civil Actions

    By Noreen Marcus | June 14, 2017

    The court is asked to review a Geico bad faith insurance case that ended with an award for the plaintiff and a judge's directed verdict.

  • Daily Business Review

    Homeowner Insurance Abuse Needs to Be Addressed

    By Commentary by Christian R. Camara | June 9, 2017

    The Florida Senate dropped the ball on an assignment of benefits bill filed to address skyrocketing vendor claims, writes Christian R. Camara, a senior fellow with the R Street Institute in Washington.

  • New Jersey Law Journal

    Insurance Firms CMK, Kennedys Ink Transatlantic Merger

    By Lizzy McLellan | May 4, 2017

    New Jersey-based Carroll, McNulty & Kull is merging with international insurance law firm Kennedys, leaders of both firms announced Thursday. The combination will form a nearly 1,000-lawyer firm that specializes in advising the insurance industry.

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