May 2025
Data Security: Key Report Profiles 1,250 Data Security Incidents
2025 Data Security Incident Response Report Highlights Trends, Problems Baker Hostetler’s 11th annual Data Security Incident Response Report — the only law firm report of its kind —provides valuable insights and statistics drawn from more than 1,250 data security incidents in 2024 Baker Hostetler’s well recognized Digital Assets and Data Management Practice Group released its 2025 Data Security Incident Response Report, which […]
CIBGNY Campaign Needs Your Letter… and Support
The CIBGNY has called upon agents and brokers to lend immediate support to repeal an outdated and burdensome regulation affecting NYC property owners. The Anti-Arson Application requirement, implemented in 1984, continues to create unnecessary work and risks for our clients despite no longer serving its original purpose, CIB states.. The following is from a CIB […]
Applied Underwriters Completes Spin-off of its Subsidiary, United Risk, as Newly Independent Company
Mr. Jamie Sahara, President of Applied Underwriters, announced that its subsidiary, United Risk, has been established as an independent, ‘stand-alone’ operating company. United Risk, which remains affiliated with Applied and its related companies, has grown dramatically since its unveiling in November 2023 and provides a global P&C underwriting platform comprised of 28 different MGA and […]
Applied Underwriters Aerospace Names Richard Parker to Chair Growing Division
As the space insurance marketplace experiences dramatic change, in part driven by geopolitical issues and the well-known advances that Elon Musk’s inventiveness has introduced, Applied Underwriters Aerospace has strengthened its presence in the sector and will factor substantially in developing more flexible and customized coverage options for new technologies including small satellites and Moon and […]
Helix Underwriting Partners expands MGA offering with the launch of a Professional Lines program
HAMILTON, Bermuda, 09 April, 2025 – Helix Underwriting Partners Ltd (“Helix”), the Bermudian multiline independent Managing General Agent (MGA), has expanded its specialist offering with the launch of a new Professional Lines program. The new Bermuda-based program is backed by Somers Re and offers a maximum line limit of $10 million. The new platform will […]
12.6 Million US Properties at High Risk From Hail Damage, Exposing Insurers to $189.5 Billion in Potential Losses
ZestyAI analysis reveals the rising cost of hailstorms and the need for precise risk assessment. ZestyAI, the leader in AI-driven risk analytics for insurance, has revealed that more than 12.6 million U.S. properties are at high risk of hail-related roof damage, representing $189.5 billion in potential replacement costs. Powered by ZestyAI’s Z-HAIL™ model, the analysis underscores the growing financial threat […]
Workers Comp: High Court Rejects City’s Argument to Recover $106,000 in Overpayments to Firefighter
New York’s highest court rejected a city’s efforts to claw back $106,000 in overpayments to an injured firefighter. The New York Court of Appeals held that neither Workers’ Compensation Law Section 25(4)(a) nor Workers’ Compensation Law Section 30(2) allow reimbursement from workers’ compensation awards for payments made under General Municipal Law Section 207-a(2). The provision […]
Identifying Insurance Fraud: Red Flags Every Adjuster Should Know
Red Flags Concerning the Insured The insured has lived at his current address less than six months. The insured has been with current employer less than six months. The insured has a previous history of losses. The insured cancels scheduled appointments with the adjuster for statements and/or Examination Under Oath. The insured is employed with […]
Judgment for Insurer Because Suit Filed Late
Private Limitation of Action Provision Defeats Suit Against Insurer This case involves a contractual statute of limitations in an insurance policy. Sidney and Shatika Davis (together, “Davis”) argue the trial court erroneously granted summary judgment in favor of Homeowners of America Insurance Company (“HAIC”). In Sidney Davis And Shatika Davis v. Homeowners Of America Insurance Company, […]
