BakerHostetler Q3 2018 Insurance Class Action Update

The National Association of Insurance Commissioners intensified its regulatory focus on artificial intelligence governance, third-party data models, and cybersecurity oversight at its Summer 2026 meeting. Regulators are shifting from principles-based guidance to examination-ready supervisory tools, emphasizing that insurers remain accountable for the technologies and vendors they deploy. The meeting revealed how AI risk evaluation, vendor oversight frameworks, and privacy modernization efforts are convergin

As artificial intelligence development accelerates and safety concerns mount, state insurance regulators are advancing comprehensive examination frameworks to govern AI use in the insurance industry. The National Association of Insurance Commissioners nears completion of its AI Risk Evaluation Supplement, which will establish standardized oversight procedures for insurers' AI governance practices across market conduct and financial examinations.

A Florida appellate court found that an unaccrued and premature third-party bad-faith claim filed before a settlement or verdict against the insured is in direct violation of the nonjoinder statute ...

A data breach exposes thousands of customer records. An employee falls for a phishing email and wires $200,000 to a fraudulent account. A vendor’s compromised software infects your network.

The Natural Catastrophe Risk and Resilience Task Force of the US National Association of Insurance Commissioners convened to address the escalating challenges of catastrophe risks facing insurance markets. Key discussions centered on developing standardized mitigation programs, expanding flood insurance awareness, and scaling resilience initiatives like FORTIFIED home designations. The meeting also examined the evolving property/casualty reinsurance market and explored new hemispheric partnerships to streng

A federal court in Ohio has ruled that an occupational disease exclusion in a commercial general liability policy bars coverage for PFAS-related personal injury claims brought by firefighters against a manufacturer of firefighting equipment. This landmark decision could significantly impact how insurers respond to PFAS product liability claims and may extend beyond occupational disease exclusions to other policy provisions using similarly broad language.

The Ninth Circuit Court of Appeals examined whether a directors' and officers' liability policy's contractual liability exclusion could bar coverage for an entire multi-count lawsuit, or whether each legally distinct cause of action—breach of contract, fraud, and quantum meruit—must be assessed separately against the exclusion's terms. The decision addresses the critical question of how insurers must apply policy exclusions when a single complaint pleads multiple claims arising from the same und

On December 16, Verisk Analytics, a leading provider of data analytics and related services to the insurance industry, including rooftop aerial measurement products, announced that it was terminating its efforts to acquire EagleView Technologies, an aerial image provider whose product is utilized in rooftop aerial measurement products.

The aggregate limit applies to both indemnity payments and defense costs incurred on the insured's behalf.

As the risks associated with cyber liability continue to evolve, so do the insurance products that are theoretically meant to protect against those risks.

Last week, the U.S. Securities and Exchange Commission (SEC) announced charges against four individuals for their roles in Trade Coin Club (TCC)...

On Oct. 9, 2018, the Securities and Exchange Commission (SEC) filed a subpoena enforcement action in California against an investment trust that failed to respond to an investigative subpoena...

A clearly defined carve‑out perimeter grounded in how the target business actually operates is essential to reducing execution risk and enabling a workable stand‑alone or integration plan.

On March 24, 2026, Washington State Governor Bob Ferguson signed HB 2225 into law. HB 2225, effective January 1, 2027, introduces mandatory safeguards for artificial intelligence companion chatbots...

Beginning on April 19, 2017, individuals and companies planning to export to or re- export from Hong Kong will need to obtain certain paperwork prior to shipping.

In related news, Ripple recently published two press releases announcing product launches.

Chainalysis, a blockchain analysis company, recently issued its "2021 Crypto Crime Report" in which it concludes that cryptocurrency thieves are relying on a surprisingly small number of service...

Operators' ability to develop previously untapped oil reserves through horizontal drilling techniques has led to a record 1,443 oil rigs currently in operation in the U.S. according to a report released last week by Baker Hughes, Inc

On Jan. 22, South Korea's AI Basic Act came into force, establishing one of the world's most comprehensive frameworks for artificial intelligence. For U.S.

The court-appointed monitor of defunct Canadian cryptocurrency exchange QuadrigaCX has reported that six cold wallets supposedly holding $100 million of customer cryptocurrencies for 115,000 accounts ...