On July 11, 2024, the New York State Department of Financial Services (NYSDFS) adopted a final circular about the "Use of Artificial Intelligence ("AI") Systems and External Consumer Data and Information Sources in Insurance...more
8/26/2024
/ Algorithms ,
Artificial Intelligence ,
Automation Systems ,
Corporate Governance ,
Data Use Policies ,
Discrimination ,
Enforcement Priorities ,
Insurance Industry ,
New York ,
NYDFS ,
Risk Mitigation ,
Underwriting
In a trilogy of cases decided at the end of this term, the United States Supreme Court made significant changes to the administrative law terrain by: eliminating Chevron deference....more
7/11/2024
/ Administrative Authority ,
Administrative Procedure Act ,
Administrative Proceedings ,
Chevron Deference ,
Chevron v NRDC ,
Corner Post Inc v Board of Governors of the Federal Reserve System ,
Environmental Social & Governance (ESG) ,
Government Agencies ,
Judicial Authority ,
Loper Bright Enterprises v Raimondo ,
Popular ,
Regulatory Authority ,
SCOTUS ,
SEC v Jarkesy ,
Securities and Exchange Commission (SEC) ,
Seventh Amendment ,
Statute of Limitations ,
Statutory Authority ,
Statutory Interpretation
Scott Seaman, Co-Chair of Hinshaw’s global Insurance Services Practice Group, is joined by Hilary Harmsworth and Sam Vardy of Howden Insurance Brokers to introduce a new fifty-state survey on U.S. bad faith law and to briefly...more
Insurers are impacted in many ways by the United States (U.S.) Supreme Court decisions, but very rarely does the Supreme Court wade into decisions directly involving insurance contracts or the rights of insurers. This term,...more
3/29/2024
/ Chapter 11 ,
Choice-of-Law ,
Debtors ,
Fraud Prevention ,
Insurance Contracts ,
Insurance Industry ,
Insurance Litigation ,
Maritime Transport ,
Policy Terms ,
Reorganizations ,
SCOTUS
As 2024 rapidly approaches, we look back at some of the key decisions, trends, and developments impacting the U.S. insurance industry in 2023 and look ahead at some trends and cases to watch in 2024. Insurers continue to...more
12/22/2023
/ Affirmative Action ,
Artificial Intelligence ,
Asbestos ,
Biden Administration ,
Biometric Information Privacy Act ,
Business Interruption ,
California Privacy Rights Act (CPRA) ,
Climate Change ,
Construction Defects ,
Coronavirus/COVID-19 ,
Cybersecurity ,
D&O Insurance ,
Damages ,
Data Breach ,
Diversity and Inclusion Standards (D&I) ,
Duty to Defend ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
Homeland Security Cybersecurity & Infrastructure Security Agency (CISA) ,
Insurance Industry ,
Lead ,
Litigation Funding ,
Machine Learning ,
Marine Insurance ,
Misrepresentation ,
Opioid ,
PFAS ,
Pollution Control ,
Price Inflation ,
Privacy Laws ,
Reimbursements ,
Reinsurance ,
SCOTUS ,
Securities ,
Severe Weather ,
Students for Fair Admissions v Harvard College ,
Sustainability ,
Toxic Substances Control Act (TSCA) ,
Underwriting ,
West Virginia v EPA
Rulings by the United States Supreme Court profoundly impact insurers as businesses and corporate citizens. Additionally, decisions from the U.S. Supreme Court can also influence claims and policyholders' liabilities for...more
11/7/2023
/ Appeals ,
Article III ,
Asbestos ,
Asbestos Litigation ,
Bankruptcy Code ,
Bodily Injury ,
Fraud ,
Indemnification ,
Insurance Industry ,
Liability ,
Marine Insurance ,
Reorganizations ,
SCOTUS ,
Standing
On October 11, 2023, the U.S. Environmental Protection Agency (EPA) issued its final rule under the Toxic Substances Control Act (TSCA). The rule requires every company that manufactured or imported PFAS for a commercial...more
"Duty to Defend: A Fifty-State Survey," examines issues of significance to insurance claims professionals and lawyers making decisions about properly responding to complaints tendered for a defense under the laws of each of...more
Scott Seaman, Co-Chair of Hinshaw’s global Insurance Services Practice Group, moderates a panel of transaction insurance professionals, including Global Co-CEO of Aon's M&A and Transaction Solutions practice Gary Blitz,...more
Per and polyfluoroalkyl substances (PFAS) represent major exposures to insurers and their policyholders. Thousands of lawsuits are pending nationwide and several large settlements have already been reached. Insurers are...more
8/30/2023
/ Asbestos ,
Centers for Disease Control and Prevention (CDC) ,
CERCLA ,
Coronavirus/COVID-19 ,
D&O Insurance ,
Environmental Protection Agency (EPA) ,
Insurance Industry ,
Insurer Liability ,
Motion for Summary Judgment ,
PFAS ,
Pollution Exclusion ,
Popular ,
Settlement
A new Illinois law that aims to increase jury awards demonstrates that juries are not the only culprits of social inflation. Certainly, juries can render nuclear and thermonuclear verdicts, disregard jury instructions, place...more
The increased frequency and severity of weather events have been felt globally, but California, Louisiana, and Florida are among the U.S. states that have been hit particularly hard. In response, three of the four biggest...more
Corporate activity related to ESG can have profound legal and market consequences. These consequences can be cut many ways. Although having taken a position on Florida legislation that resulted in negative business...more
Corporations have long taken into account environmental, social, and governance (ESG) issues or considerations in connection with being "good corporate citizens" and with respect to regulatory compliance. In the wake of the...more
Updated Social Inflation Survival Guide -
Insurance professionals and counsel deal with it on a daily basis, plaintiffs' personal injury lawyers are driving and benefiting from it, consumers and policyholders are paying...more
In the second of two episodes discussing ESG, Bessie Daschbach—Hinshaw partner and head of the firm's multi-disciplinary Environmental, Social, and Governance (ESG) team—joins host Scott Seaman for a discussion about the...more
In a recent Law360 article, we explored some of the implications of a recently proposed anti-ESG bill being considered by the Texas legislature. However, we thought the issue merited some follow up analysis....more
Bessie Daschbach—Hinshaw partner and head of the firm's multi-disciplinary Environmental, Social, and Governance (ESG) team—joins host Scott Seaman for a discussion on the basics of ESG. This is the first of two episodes...more
After a brief abatement due to pandemic-related litigation delays and court closures, social inflation returned with a vengeance replete with numerous nuclear jury verdicts. Although a case in any state is capable of...more
2/28/2023
/ Commercial General Liability Policies ,
Corporate Counsel ,
D&O Insurance ,
DE Supreme Court ,
Environmental Protection Agency (EPA) ,
Environmental Social & Governance (ESG) ,
General Data Protection Regulation (GDPR) ,
Insurance Industry ,
Insurance Litigation ,
PFAS ,
Popular
This White Paper takes a comprehensive look at social inflation, identifying the causes, scope, and costs of social inflation. It also examines the risks and challenges insurers and their policyholders confront as a result...more
The Ohio Supreme Court waited until the last week of the year to issue what may be the most important silent coverage decision of 2022. Direct physical injury is a fundamental requirement of first-party property policies. The...more
In the third and final episode of our three-part series on cybersecurity, we discuss ransomware and the legal issues surrounding paying a ransom. In this episode, we cover: how companies have become better prepared,...more
In the second episode of a three-part series focusing on cybersecurity, we discuss the recent spike in cyber negligence cases. In this episode, we cover causes of action and types of cyber negligence cases, why these cases...more
Scott Seaman—Chicago-based partner and co-chair of Hinshaw's global Insurance Services Practice Group—hosts Hinshaw partner Annmarie Giblin in a discussion about data security plans for businesses and data breach...more
Preferred Contractors Insurance Company Risk Retention Group, LLC v. Baker and Son Construction, Inc., 2022 Wash. LEXIS 426 ( Aug. 11, 2022) -
Traditionally, general liability insurance contracts were “occurrence-based”...more