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Court Differentiates Vandalism from Theft in First Party Insurance Policy

The Property Insurance Law Observer

The Court considered whether the Plaintiffs’ loss was caused by theft or vandalism, as neither term was defined in the policy. After investigating, Allstate denied coverage, invoking the policy’s vandalism exclusion and increased risk provision. Allstate Vehicle & Prop. C22-1174 TSZ, 2023 WL 9000432 (W.D. 3d 1231, 1235 (W.D.

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Essential Safety Gear for Motorcyclists: A Guide to Protection on the Road

Mark Jackson Insurance Agency

Motorcycle on an open road by Pragyan Bezbaruah Riding a motorcycle offers an unparalleled sense of freedom and excitement, but it also comes with its share of risks. From helmets to high-top boots, each piece of equipment plays a vital role in protecting riders from the elements and minimizing injuries during accidents.

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Can Both the Contractor and Property Owner Be Named Insureds on a Builder’s Risk Policy?

Distinguished

Builder’s Risk Insurance covers property during the course of construction, whether it’s a new build or renovation. One common question is whether the contractor and the property owner can be named insureds on the same Builder’s Risk policy. It protects against fire, lightning, hail, wind, theft, and vandalism, among other perils.

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Commercial Insurance and Protection of Business Property

Paragon Independent Insurance Agencies

Commercial insurance is vital for protecting business property, assets, and operations from various risks and liabilities around Plano, TX. Protection of Business Property Commercial insurance protects all business property, including buildings on the land, equipment in the yard, inventory, and other assets owned by the company.

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Protect Your Clients Against Data Breaches

ProWriters

companies faced the risk of a significant cyber attack. As a Cyber Insurance broker, you can learn from their mistakes to help protect your clients. AT&T Telecommunications company AT&T suffered a massive breach that exposed almost all of its 109 million customers to an increased risk of identity theft.

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RIMS TechRisk/RiskTech: Opportunities and Risks of AI

Risk Management Monitor

Ramesh Srinivasan gave a keynote titled “The Opportunities and Downside Risks of Using AI,” touching on the key flashpoints of current technological advancement, and what they mean for risk management. He noted that as data storage has become far cheaper, and computation quicker, this has allowed risk assessment technology to improve.

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Second Circuit Affirms Dismissal of Data Breach Class Action on Article III Standing Grounds, Citing Unanimity of Circuits on “Increased Risk” Claims

Hunton Andrews Kurth

The Second Circuit just affirmed the dismissal of a data breach class action predicated on an alleged increased risk of identity theft on Article III standing grounds. Notably, the plaintiffs did not claim they suffered fraud or identity theft because of the inadvertent disclosure. McMorris v. Carlos Lopez & Assocs. ,

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