Category Archives: Legal Environment

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Hemp Legalization: What Occurred?

Congress has handed the 2018 Farm Invoice and President Trump is predicted to signal the invoice into legislation. A key a part of the invoice (as soon as enacted) will legalize hemp cultivation and sale on the federal degree – with sure restrictions, after all. The earlier farm invoice solely permitted particular person states to… Read More »

Advisen Convention: Claims Are Getting Greater – and Nastier

nasty claims are on the rise.Insurance coverage claims are occurring extra usually they usually’re getting much more costly – quick. The results are alarming. Premiums are rising for shoppers and companies. Protection is getting scarce for some dangers. Some insurers are more and more involved about methods to preserve legal responsibility insurance coverage sustainable into… Read More »

Big nasty claims in the casualty sector

On June 12, Advisen held a webinar entitled “Big nasty claims. What are the large loss trends in the casualty sector?” To qualify as big and nasty, the casualty claims stem from injury and/or property damage resulting from incidents such as train derailments, chemical spills and food contamination, frequently involving multiple parties, and costing $100… Read More »

Small Florida insurers survive hurricanes and “Judicial Hellhole”

Florida’s small P/C insurers have withstood losses from Hurricane Irma and a legal environment that’s dubbed a “judicial hellhole” by the American Tort Reform Association, a recent article in S&P Global Market Intelligence reports. The financial ratings firm Demotech affirmed the financial strength of over 50 companies in late March, a decision found “encouraging” by… Read More »

Avoiding a bad faith lawsuit in Florida

Florida is unique in that it has no objective bad faith standard, defining it as more than “mere negligence” without calling for a showing of evil intent. As a result, carriers need to watch for common pitfalls to reduce costly bad faith awards. On March 14 Gen Re is offering its clients a webinar called… Read More »