Let’s say you’re a publicly traded manufacturer of a popular medical device, which you sell commercially as well as to a number of VA hospitals. You receive an anonymous internal hotline complaint alleging that certain unauthorized, reverse-engineered components were used
Insurance
NAIC Cybersecurity Working Group Adds Cyber Coverage to its Focus
Over the last few years, the work of the Cybersecurity (H) Working Group of the National Association of Insurance Commissioners (“NAIC”) has focused on cybersecurity risk to insurance licensees such as insurance carriers, insurance intermediaries,[1] and third-party service providers…
Insurer Must Report Suspected Fraud
When an Insurer Reports Fraud to the State Without Malice It is Immune From Suits Claiming Defamation
No Cause of Action for Libel, Slander or any Other Relevant Tort
Post 4761
See the full video at https://rumble.com/v4kufvr-insurer-must-report-suspected-fraud.html and at https://youtu.be/GaH67TKJwSo…
Companies Adopting Officer Exculpation Amendments to Corporate Charters
For nearly 40 years, Delaware Corporations have been permitted to adopt corporate charter provisions exculpated their directors from liability. Effective August 1, 2022, Section 102(b)(7) of the Delaware General Corporations Law (DGCL) was amended to permit Delaware corporations to…
Rhode Island Adopts NAIC AI Model Bulletin
In recent weeks a number of states have adopted the Model Bulletin: Use of Artificial Intelligence Systems by Insurers (the “Model Bulletin”) adopted last December by the National Association of Insurance Commissioners (“NAIC”). Alaska[1] was the first state to…
Pollution Exclusion Deters Deliberate or Negligent Behavior that Leads to Environmental Harm
No Insurance Policy Covers Every Risk of Loss
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See the full video at https://rumble.com/v4kn81r-pollution-exclusion-deters-deliberate-or-negligent-behavior-that-leads-to-e.html and at https://youtu.be/IDetsMbjzWM
Pollution Exclusions Deter Polluters
In the world of business, corporations obtain commercial insurance to protect their assets, and commercial insurers…
More AI-Related IP Lawsuits Filed Against OpenAI and Microsoft
Some readers may recall that at the end of last year, the New York Times very publicly sued OpenAI and Microsoft for copyright infringement, in connection with the defendants’ alleged use of the newspaper’s content for purposes of training chatbots…
Why Insurance Is a Climate Activist’s Best Friend
I began writing on climate change as a litigation and insurance issue back in 2007 and have been writing on the role of insurance as a potential and actual driver of climate change policy since at least 2010. Since…
Statute Limited to Acts of Insured Cannot be Used Against Insurer
Court Must Read Statute as Written
Insured Seeks to Impose Damages on Insurer under the Fraud Act
Post 4759
See the full video at https://rumble.com/v4kf7h0-statute-limited-to-acts-of-insured-cannot-be-used-against-insurer.html and at https://youtu.be/Skhchoc0hPI
Losses claimed under a policy of insurance issued to Plaintiff Volunteer…
SEC Hits Two Investment Advisers With “AI Washing” Enforcement Actions
The SEC wants everyone to know that it is watching what the companies and firms it regulates are saying about their use of Artificial Intelligence (AI). SEC Chair Gary Gensler set the stage in a speech he made last December…