Jim Sams

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About Jim Sams

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So far Jim Sams has created 67 blog entries.
4 03, 2021

D&O Insurer Ordered to Pay $12M in Dole Corp. Stockholder Flap

By | March 4th, 2021|Uncategorized|Comments Off on D&O Insurer Ordered to Pay $12M in Dole Corp. Stockholder Flap

The Delaware Supreme Court ruled Wednesday that RSUI Indemnity Co. must pay $12,321,096 to Dole Corp. toward the cost of a legal settlement with former shareholders who alleged they were cheated out of potential profits when executives manipulated the stock …

10 02, 2021

Plaintiffs in Some States Defy Insurer Winning Streak in COVID Lawsuits

By | February 10th, 2021|Uncategorized|Comments Off on Plaintiffs in Some States Defy Insurer Winning Streak in COVID Lawsuits

To anyone keeping score, it appears that insurers are crushing policyholders who sued for business income lost because of COVID-19 restrictions. As of Tuesday, insurers had won 147 motions for dismal or summary judgment in state and federal courts, according …

8 02, 2021

Illinois Supreme: Medical Providers May Not Attach Injured Workers’ Awards in Bankruptcy Court

By | February 8th, 2021|Uncategorized|Comments Off on Illinois Supreme: Medical Providers May Not Attach Injured Workers’ Awards in Bankruptcy Court

Medical providers cannot use bankruptcy court to collect unpaid bills owed by bankrupt injured workers, the Illinois Supreme Court ruled in a decision published Thursday. A three-judge panel of the high court, answering a certified question by the 7th Circuit …

5 02, 2021

As Criminals Innovate, ATM Thefts Becoming a Growing Source of Insurer Loss

By | February 5th, 2021|Uncategorized|Comments Off on As Criminals Innovate, ATM Thefts Becoming a Growing Source of Insurer Loss

Convicted bank robber Willie Sutton, when asked why he robbed banks, famously said, “because that’s where the money is.” In today’s socially distanced world, criminals increasingly are turning their attention to the money inside automated teller machines — whether outside …

3 02, 2021

Lawsuit to Test Bulletin That Asked Insurers to Be Generous With Civil Unrest Claims

By | February 3rd, 2021|Uncategorized|Comments Off on Lawsuit to Test Bulletin That Asked Insurers to Be Generous With Civil Unrest Claims

A lawsuit filed by the owner of a Chicago hotel and its rooftop bar will put to test a request by the Illinois Insurance Department that insurers disregard any slowdown caused by COVID-19 when calculating business income lost due to …

20 01, 2021

CorVel Offering At-Home Covid Testing for Customers’ Employees

By | January 20th, 2021|Uncategorized|Comments Off on CorVel Offering At-Home Covid Testing for Customers’ Employees

CorVel Corp., a third-party administrator that is coping with a growing share of workers’ compensation claims caused by COVID-19, is now offering at-home COVID-19 testing kits for its customers’ employees. CorVel has contracted with 1health.io to provide test kits to …

14 01, 2021

Safety Board: More Guidance Needed to Protect Firefighters From Electric Vehicle Fires

By | January 14th, 2021|Uncategorized|Comments Off on Safety Board: More Guidance Needed to Protect Firefighters From Electric Vehicle Fires

Electric vehicle manufacturers should provide more specific information to first responders and tow truck drivers on how to cope with lithium-ion battery fires, which continuously reignite even after being doused with water, the National Transportation Safety Board said in a …

12 01, 2021

Courts Allow COVID-19 Claims by Insureds With Policy Endorsements for Diseases

By | January 12th, 2021|Uncategorized|Comments Off on Courts Allow COVID-19 Claims by Insureds With Policy Endorsements for Diseases

While insurers continue to win four out of five cases in early rounds, in the past month two property owners with policies that contained endorsements specifically providing coverage for diseases survived motions to dismiss their COVID-19 business interruption claims. On …

6 01, 2021

Assault on U.S. Capitol a Spark, but No Catastrophe Losses Yet

By | January 6th, 2021|Uncategorized|Comments Off on Assault on U.S. Capitol a Spark, but No Catastrophe Losses Yet

Commercial property insurers who are already edgy after suffering historic losses from civil unrest got another jolt Wednesday when pro-Trump protestors smashed windows to gain entry into the U.S. Capitol. But there’s “a lot of mileage” between the Washington D.C. …

5 01, 2021

Florida Court Upholds Policyholder Right to Assign Benefits

By | January 5th, 2021|Uncategorized|Comments Off on Florida Court Upholds Policyholder Right to Assign Benefits

An appellate court in Florida has upheld the right of policyholders to assign their right to collect benefits from an insurance claim to contractors, reversing trial court rulings in favor of insurers. The Florida 3rd District Court of Appeals ruled …