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- 1
The California Supreme Court has signaled it may broaden the standard for policyholders seeking to sue excess insurers, in a development flagged for the insurance and legal community. The possible shift could make it easier for insured parties to bring actions against excess carriers, with implications for how coverage disputes are litigated in the state.
- 2Woman Pays Long-Term Care Premiums for 20 Years, Then Learns She Doesn't Qualify▼There Is a Gap Between Needing Long-Term Care and Qualifying for the Policy That Pays for It. She Spent 20 Years of Premiums Finding Out She Was Standing in It
A woman who paid premiums on a long-term care insurance policy for two decades discovered that when she finally needed care, she did not meet the policy's qualification requirements. Her story highlights a well-known trap in long-term care coverage: policies often require that specific criteria be met, such as needing help with a set number of daily activities, before benefits kick in, leaving policyholders paying in for years only to find themselves in the gap between needing care and qualifying for payment.
- 3Law firm publishes guide to AI insurance coverage●Keep Your AI On The Ball: A Policyholder’s Guide To Artificial Intelligence Insurance Coverage
New York law firm Pryor Cashman has published a policyholder's guide to insurance coverage for artificial intelligence, explaining how existing policies may or may not respond to AI-related risks and losses. The guidance walks businesses through evaluating whether their current coverage extends to AI tools, what exclusions to watch for, and how to negotiate better protection. It reflects growing demand from companies using AI who are unsure whether their insurers will cover AI-related liability.
- 4Warren and Hawley Team Up to Probe Insurers Over Zero-Payout Claims●Warren and Hawley to Probe Insurers Over Zero-Payout Claims https://www.wsj.com/finance/warren-and-hawley-to-probe-insur
Senators Elizabeth Warren and Josh Hawley are launching a bipartisan investigation into insurance companies over claims that resulted in zero payouts for policyholders. The unusual pairing of a progressive Democrat and a conservative Republican signals cross-party concern that insurers are denying or underpaying legitimate claims. The probe could examine industry practices on claim denials and settlement tactics, and may lead to hearings or regulatory pressure on the insurance sector.