The goal is to prevent cybersecurity attacks. The New York DFS will now include cybersecurity in all examinations to ensure that proper cybersecurity governance is being practiced.
A federal district court in South Carolina has ruled that a homeowners insurance policy did not cover a claim that the insureds negligence had led to her dog biting a neighbors daughter.
An investigation revealed that a former licensed insurance agent collected premium payments from several clients for workers' compensation and commercial general liability, but failed to place coverage with any carrier.
What factors do courts look at to determine when an insurance carrier's conduct is reprehensible enough to justify an award of damages based on bad faith?