Tue.Feb 07, 2023

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Why Are Personal Auto Insurance Rates Increasing?

Scott Insurance

With very few exceptions, nearly every individual and family in the U.S. is facing higher-than-normal increases to their auto insurance premiums. According to Bankrate , an independent publisher and comparison service, auto insurance in the U.S. costs an average of $2,014 per year, an increase of 13.72% between 2022 and 2023. While individual rates will vary based on each individual’s circumstances and history, there are some general trends that are leading to these increases.

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Increased Risks, D&O Insurance Considerations, Following Delaware’s Extended Oversight Duties

Hunton Andrews Kurth

As reported today on the firm’s Insurance Recovery Blog, the Delaware Chancery Court recently held that the duty of oversight extended to corporate officers. The important decision came after McDonald’s shareholders sued the company’s former head of human resources, alleging that the officer breached his duty of oversight by “allowing a corporate culture to develop that condoned sexual harassment and misconduct.

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