Category: Specialty Insurance

Special lines insurance covers everything from supplemental health insurance to cell phone insurance. When researching these markets many find this as a great source of information.

Tesla Insurance Tweaks Draw Mixed Reactions From Drivers and Insurers

Angela Linders
Tesla

Tesla’s Risky Move to Refine Risk Ratings Tesla Insurance Services Inc. has once again landed in the spotlight—but this time, it’s about subtraction, not innovation. The electric vehicle (EV) giant recently announced it would no longer use forward-collision warnings as part of its proprietary Safety Score Beta program. This comes on the heels of ongoing lawsuits alleging some controversial practices inflated premiums for Tesla drivers. The move raises eyebrows, not just for what it says about Tesla’s insurance ambitions but also for the broader debate on telematics and consumer privacy.…

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Hazing Prevention Matters, But What About Hazing Insurance? Lessons From Northwestern

Angela Linders
Hazing Prevention

Northwestern University Hazing Settlements Reshape Liability Landscape for Higher Education Northwestern University, a prestigious institution often celebrated for its academics and athletics, is now under scrutiny for an unfolding hazing scandal that has rocked its reputation. The university recently entered a provisional settlement resolving claims of hazing, sexual abuse, and racial discrimination among its football players. While the terms of the settlement remain confidential, the ripple effects on the broader landscape of liability insurance for educational institutions are undeniable. For universities and insurers alike, this case serves as a stark…

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J&J’s Settlement Drama Exposes Cracks in Liability Insurance Playbooks

Nordstrom
Liability Insurance

J&J’s $10 Billion Settlement Rejected: Ripple Effects on Insurance and Risk Management Johnson & Johnson’s latest attempt to settle over 60,000 lawsuits with a $10 billion bankruptcy plan has hit yet another wall. It’s the third time courts have rejected the healthcare giant’s “Texas two-step” bankruptcy strategy, leaving both legal experts and insurance professionals buzzing. But this isn’t just corporate news; the ruling sends shockwaves through liability insurance and risk management landscapes, raising questions about how companies handle legal exposure in a litigious era. Legal Setback: Understanding the Judge’s Decision…

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State Farm Proposes 39% Rate Hike for California Umbrella Policies, Sparking Debate

G. Turner
State Farm's Proposed Rate Hike

State Farm General Insurance Company has proposed a 39% rate increase for its California Personal Liability Umbrella Program, a move that could impact over 430,000 policyholders statewide. If approved by the California Department of Insurance (CDI), the hike would take effect in August 2025, marking the second major increase in just six months. This development has raised concerns among consumers and advocacy groups, as California’s insurance market continues to deal with rising costs and regulatory challenges. Understanding State Farm’s Rate Hike Proposal The proposed rate hike is part of State…

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From Trucks to Trains: Why Rail Theft Is the Fastest-Growing Cargo Crime

H. Cutner
Cargo crime

The Escalating Battle Against Cargo Theft in the U.S. Cargo theft is surging across the United States, posing a significant threat to supply chains, logistics companies, insurers, and consumers alike. Driven by organized crime and opportunistic criminals, this issue is causing losses of up to $35 billion annually. With the frequency and sophistication of thefts on the rise, experts project a steep 22% increase in incidents this year, underscoring the urgent need for stakeholders to address the problem collectively. The Rising Threat of Cargo Theft Cargo theft in the U.S.…

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The Liberty Mutual Case That’s Changing How We View Contractor Insurance

Nordstrom
The Liberty Mutual Case

Federal Appeals Court Ruling Highlights Risks in Construction Insurance Policies A recent federal appeals court decision has sparked significant discussion in the construction industry. The ruling, favoring Liberty Mutual’s surplus lines carrier, focuses on a contractor-controlled insurance program (CCIP) policy involving Kaufman Lynn Construction. While it’s seen as a legal victory for Liberty Mutual, the case also underscores deeper issues with insurance policies that contractors often face. The Conflict Over the Fine Print At the heart of this case is the “course of construction exclusion” (COCE) in Kaufman Lynn Construction’s…

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Uber Launches New Ad Campaign Targeting Insurance Costs and Legal Reforms

G. Turner
Uber

Uber has kicked off a major digital advertising push to urge legal and insurance reforms in California, Georgia, Nevada, and New York, spotlighting the financial pressures faced by both rideshare drivers and passengers. The ridesharing giant is spending seven figures on this campaign, which features personal stories from drivers, aiming to shed light on how state-mandated insurance costs affect their bottom line. The Rising Cost of Rideshare Insurance in California One of the central arguments in Uber’s campaign is how disproportionate insurance costs are impacting both drivers and consumers in…

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