INSURANCE

New York’s highest court rules that restaurants’ business losses from the coronavirus are not covered The insured, Consolidated Restaurant Operations, a company that owns and operates dozens of restaurants, obtained a commercial property policy from Westport Insurance Company. Subject to certain exceptions, the policy covers “all risks of direct physical loss or damage to insured …

New York Insurance Coverage Law Update – February 2024 | Rivkin Radler LLP Read More »

Finally someone is taking the insurance companies to task. Illinois Secretary of State Alexi Giannoulias recently drafted legislation that would base auto insurance rates on driving records rather than socioeconomic factors that could be used to discriminate against consumers. Under current state law, insurance companies can use data from sources such as social media to …

Illinois Secretary of State Alexi Giannoulias takes aim at auto insurance rate discrimination Read More »

The number of uninsured drivers in Florida is on the rise as the cost of coverage has become prohibitive for many, according to the latest data from the New York-based Insurance Information Institute (Triple-I). The Triple-I website estimates that as of the end of 2022, about 15.9 percent of Florida drivers did not have insurance …

Uninsured drivers are on the rise in Florida as the insurance crisis deepens Read More »

Ten years after the Affordable Care Act (ACA) coverage options were enacted, ten states have not passed the Medicaid expansion, leaving 1.5 million uninsured people without an affordable coverage option. The rollout of Medicaid’s continuous enrollment provision, along with continued financial struggles among rural hospitals, has drawn attention to gaps in Medicaid coverage in non-expansion …

How many uninsured are in the coverage gap, and how many could be eligible if all states adopt Medicaid expansion? Read More »

In the artificial intelligence (AI) race, some companies and sectors are starting from third base. That’s because companies operating in technologically complex sectors with deep libraries of operational data often already have the infrastructure, employee talent, and resource allocation framework in place to leverage innovation more effectively and faster than the rest of the the …

The digital overhaul in insurance benefits benefits businesses that are already using AI Read More »

If you’re buying a new car or moving to a new state, it’s important to quickly familiarize yourself with your state’s minimum auto insurance requirements. Each state has its own rules for the minimum amount of auto insurance to meet state standards. If you’re not careful, you can run afoul of state laws and risk …

Why Your Car Insurance May Not Meet State Standards Read More »