A Pennsylvania insurance agency is denying allegations that it is responsible for denying a 2023 fire insurance claim by the owners of a Pittsburgh apartment building and voiding the property’s policy due to misrepresentations related to a shooting at the property in 2022. The independent insurance agency said the building owners never told them about […]
Cryptocurrency Securities Class Action Litigation 2023 Year in Review
Footnotes 1 This article relies primarily on data from the Stanford Law School Securities Class Action Clearinghouse. Current Trends in Securities Class Action FilingsStanford Law School Securities Class Action Clearinghouse (last accessed February 14, 2024). 2 Olga Kharif and Yuki Yang, Crypto hedge funds gear up for ‘token frenzy’ after 2023 reboundBloomberg (December 27, 2023). […]
Kate Middleton health and recovery speculation, conspiracy theories
In January, Kensington Palace announced that Kate Middleton had undergone planned abdominal surgery and would not resume public duties until “after Easter” at the earliest. “The Princess of Wales appreciates the interest this statement will generate,” the palace said at the time. “She hopes the public will understand her desire to maintain as much normality […]
Reno Mayor Hilary Schieve Leads Mayors to Address Mental Health Crisis
Hilary Schieve is not one to shy away from big problems. She does it the best way anyone knows how: by being her authentic self. She is Washington, DC’s Woman of the Year. Shiv spent 10 years serving as mayor of Reno, Nevada. She also spent the past year as president of the U.S. Conference […]
New York Insurance Coverage Law Update – February 2024 | Rivkin Radler LLP
The New York Supreme Court has ruled that restaurants’ business losses from the coronavirus are not covered Consolidated Restaurant Operations, a company that owns and operates dozens of restaurants, has acquired a commercial property policy from Westport Insurance Company. Subject to certain exclusions, the policy covers “all risks of direct physical loss or damage to […]
Illinois Secretary of State Alexi Giannolia targets car insurance rate discrimination
Finally, someone is hiring the insurance companies. Illinois Secretary of State Alexi Gianolias has drafted a bill that would base car insurance rates on driving records and not socioeconomic factors that could discriminate against consumers. Under current state law, insurance companies can use data from sources like social media to charge higher insurance premiums based […]
The ultimate cryptocurrency to buy with $100 right now
Top Two Cryptocurrencies by Market Cap – Bitcoin (BTC 2.78%) and Ethereum (ETH 3.22%) — continue to set the pace for the overall crypto market. Right now, both are up about 45% so far this year. But there is one cryptocurrency that has been largely overlooked by investors, and that is Solana (SOL 13.70%). For […]
A lawyer for FTX founder Sam Bankman-Fried asked the judge to reject the recommended sentence of 100 years
NEW YORK — Sam Bankman-Fried’s attorney said Tuesday that the court’s one-handed sentence of 100 years in prison for the FTX founder is “ironic” and “barbaric” and that a sentence of a few years at most is appropriate. For cryptocurrency crimes that California individuals are still in dispute with. In arguments presented minutes before Tuesday’s […]
Insurance copilots can assist in underwriting, claims
Underwriters often have hundreds of pages of documents to sort through but probably not for long. Insurance carriers are using generative AI as copilots in back-office operations. Copilots can act as chatbots, virtual assistants, search engines and productivity tools. Deloitte principal Sandi Suhrada said the technology can be used across the value chain in insurance, […]
Lawmakers link changes to CBO scoring for preventive health
Almost every lawmaker remembers their first “bad” score from the Congressional Budget Office, the nonpartisan organization that estimates the budget and economic effects of legislation. Rep. Diana Daggett, D-Colo. For, when she tried to pass a bill mandating Medicare and Medicaid coverage of tobacco cessation services, including counseling and drugs. At the time, the CBO […]