Nuclear verdicts are growing at an alarming pace. Healthcare risk managers face increasing challenges in purchasing an insurance tower sufficient to withstand a nuclear verdict. Filling the tower can be difficult as insurers assess their willingness to bear nuclear verdict risk, and existing insurance towers may not provide adequate coverage in this new environment. Stress
In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related clauses in FAR Subpart 52.228. In Part 2, we examined automobile liability provisions, and in Part 3, we addressed liabilities for worker injuries
In this blog series, we explore the promises and the pitfalls of AI tools in the insurance coverage context, offering practical guidance for lawyers and business professionals to harness these technologies without getting burned.
If you practice insurance coverage law, you’ve been there: staring at an undefined term in a policy, toggling between three dictionaries
In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related clauses in FAR Subpart 52.228. That post explained how the FAR uses insurance requirements to allocate risk between the government and its contractors. In Part