July 23
Let The Free Zone Ring!
The insurance and financial industries are constantly seeking new risk spreading options. In recent years these new options have included, among other things, cat bonds, sidecars, special purpose vehicles and insurance linked securities. Alternative risk facilities and options exploded on the scene in the 1980s as a result of tremendous swings in capacity and availability. […]
College Pitcher Assumed Risk of Being Hit by Line Drive During Batting Practice Bukowski v Clarkson Univ.
Almost every day, we are reminded of the injury risks attendant to participation in organized sports. The question presented in this personal injury action is whether a college baseball pitcher assumed the risk of injury associated with his participation in indoor practice. We conclude that plaintiff Bukowski assumed the inherent risk of being hit by […]
Third Circuit Interprets 'Arising Out Of' Clause for UM Benefits Broadly
For uninsured motorist coverage to apply, vehicle liability policies provide that the injury to the insured must be “caused by accident and arise out of the ownership, maintenance, or use of an uninsured auto.” The “arising out of ” clause defines the required causal link between the uninsured vehicle and the injury. Insurers have consistently […]
The Creeping Risk of Mobile and Personal Devices in Insurance
No doubt you’ve heard about the ‘consumerization of IT’ or the Bring Your Own Device (BYOD) trend. BYOD is nothing new in the insurance industry – for many years, independent agents and brokers have used their own computers to access insurance company applications and run their businesses. But you may not be aware of the […]
“So Call Me Maybe…but not while driving!”
Afew weeks ago I wrote a piece in this column about the deadliest time of the year to drive, of which we are currently right smack in the midst of. After speaking with a number of friends of this column, they asked me if it were possible to drill down a little deeper to see […]
Leading M.D. Views the Supreme Court “Obamacare” Decision
The Supreme Court has ruled that Obamacare is constitutional and has upheld the law – a victory for those who want the Federal government to micromanage your life and medical care. This is a tragic defeat, however, for those who support our Founder’s vision of liberty and privacy and the right to control our private […]
On my mind…
Been a hot summer so far for this “bachelor” whose family is in Italy for July. From my occasional porch-perch overlooking the Hudson and from my more likely post, looking over your e-mails, press releases, letters and receiving VM messages and even the occasional anonymous letter, I have kept a number of news and opinion […]
CPCU Hacker Empty Firm’s Bank Account – Who Pays ?
Hackers emptied a construction firm’s bank account to the tune of $558,000. Another firm lost $125,000 when the office manager, in violation of the firm’s written policies, had logged into a social networking site, triggering what computer security consultants call a “corporate account take-over.” If misery loves company, these firms should be very happy; information […]
