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Saturday, May 18, 2024

New York Lawsuit Exposes Flaws in Life Insurance Premium Financing

Key Takeaways: Ester and Baruch Aronson's lawsuit against major insurers highlights potential misuse of premium financing. The case tests New York's stringent best-interest regulation meant to...

Buffett Cautions on Tesla’s Self-Driving Tech Risks to Berkshire’s Insurance Business; Musk Challenges Buffett...

Key Takeaways: Elon Musk suggests that investing in Tesla is a strategic move for future-oriented investors. Warren Buffett warns that self-driving technology could disrupt traditional auto...

Pacific Guardian Data Breach: Unnerving Delay in Notifying Customers Raises Concerns

Key Takeaways: Pacific Guardian Life Insurance Company (PGL) experienced a data breach in September 2023 that compromised the personal information of over 167,000 customers. The company...

Rising Tide of Cyber Threats: How Cyber Insurance Becomes a Business Lifeline

Key Takeaways: Cyber insurance policies are evolving to offer comprehensive protection against modern digital threats, including legal costs and recovery expenses. Cyber insurance is increasingly seen...

Is Your California Home Under Surveillance? Privacy Concerns Rise as Insurers Take to the...

Key Takeaways: California insurance companies are using drones and aerial imagery to inspect homes, often without notifying homeowners. This practice raises privacy concerns, with some feeling it's a...

Insurer Chubb Prepares $350 Million Payout Following Baltimore Bridge Collapse

Key Takeaways: Chubb prepares to disburse $350 million, potentially the first of several large insurance payouts due to the Baltimore bridge collapse. The ongoing...

AIG Busted for Unfair Practices After Hurricane Irma: Policyholders Awarded Millions, But Questions Remain

Key Takeaways: AIG must pay millions to a Florida resort owner after a jury found unfair practices in handling their Hurricane Irma damage claim. The jury...

California Homeowners Rejoice! Allstate May Return, But with Strings Attached

Reporting by Samuel A. Lopez, Legal Analyst, USA Herald Key Takeaways: Allstate might resume writing new homeowners' policies in California, but only if the state allows...

Victory for Voter Rights: Crystal Mason’s Conviction Overturned Amidst National Spotlight

Key Takeaways: Crystal Mason's conviction for illegal voting in 2016 has been overturned by the Second Court of Appeals, which found insufficient evidence of her...

Feds in Flux: Can AI Be Trusted at Trial? Panel Grapples with Regulating AI-Generated...

By Samuel A. Lopez, Legal Analyst, USA Herald April 25, 2024 - The American justice system is facing a new frontier: the growing role...

Must Read

$38M Verdict Against New Hampshire in Youth Center Abuse Case: Legal...

Key Takeaways The $38 million verdict highlights the significant financial implications of state liability in abuse cases. Judge Schulman's decision underscores the state's breach...