Van Oppen Co.

With so much uncertainty in the post-pandemic market, organizations must gain clear visibility into their commercial real estate portfolio to fully evaluate risks – and take appropriate action – in a manner consistent with industry best practices. (Click to Read More…)

Even though reinsurance executives are making noise about social inflation and liability rate inadequacy, WTW isn’t expecting any major changes in the pricing for commercial casualty or property insurance markets heading into 2024. (Click to Read More…)

A little-known climate threat lurks under our feet: rising groundwater that could release toxic chemicals from more than 132,000 contaminated sites in coastal areas of the US. In a first of its kind study, researchers estimated the number of polluted industrial sites and mapped them to areas likely to experience groundwater inundation due to rising […]

Construction contracts are landing in court more often — and at higher dollar figures — than ever before, as runaway costs and pressure to build faster have led to a spike in disputes. The average value of construction disputes in North American courts was $42.8M at the end of 2022, up from $30.1M the prior […]

Design professionals know they have a duty to perform their services in accordance with the prevailing standard of care. While we always stress the importance of adhering to the standard of care, what’s the origin? Other than a desire to avoid paying expensive lawyer’s fees to defend themselves in a lawsuit, why do design professionals […]

A state judge ruled Monday that Montana’s oil and gas policies are infringing on young people’s constitutional rights to a safe environment, handing a big win to youth climate plaintiffs that will likely reverberate across the legal landscape. An adjustment to the Montana Energy Policy Act (MEPA)—which limits environmental factors that must be considered for […]

Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 “business actions update” Nationwide announced moves “to mitigate risk and manage the personal and commercial lines portfolios in the current environment.” (Click Here to Read More…)

Liability waivers signed by Titanic Sub Victims lost at sea during a dive to the Titanic wreck may not shield the vessel’s owner from potential lawsuits by the victims’ families, legal experts said. The Titan submersible vanished on Sunday roughly two hours into its dive and was found in pieces on the ocean floor after […]

Companies using generative artificial intelligence tools like ChatGPT could be putting confidential customer information and trade secrets at risk, according to a report from Team8, an Israel-based venture firm. The widespread adoption of new AI chatbots and writing tools could leave companies vulnerable to data leaks and lawsuits, said the report, which was provided to […]

The current insurance pricing environment will likely continue as insurers contend with rising loss costs due to inflation, higher court awards and climate-driven claims, Chubb Ltd. Chairman and CEO Evan Greenberg said Tuesday. While inflation may slow for some property exposures, casualty rates will need to continue rising as litigation increases, he said during his […]