Businesses with a web presence, particularly those that are consumer-facing, are increasingly being sued over website accessibility issues that prevent disabled individuals from using a website. While the number of such cases has been growing, 2,281 website accessibility lawsuits were filed in 2023, down from 2,387 the prior year and 2,352 in 2021, according to […]
Even while cyberattacks increase, the cost of cyber insurance has been dropping thanks to businesses implementing better controls to thwart such activity and reduce their losses if they become victims of a malicious attack, according to a new report. Rates fell an average of 17% last year after surging in 2021 and 2022 as the […]
The size of jury awards has been exploding in the last few years, and they are often exceeding the limits that businesses have on their liability policies. These excessively large awards are known as “nuclear” verdicts, which are defined as those with damages of $10 million or more. In 2023, such verdicts totaled $14.5 billion, […]
California Insurance Commissioner Ricardo Lara has ordered that the state’s average benchmark workers’ compensation rate be cut by 2.1%, starting Sept. 1. The decision rejected the Workers’ Compensation Insurance Rating Bureau’s recommendation that the benchmark rate be raised by 0.9%, citing a slight uptick in claims costs and claims-adjusting costs. The benchmark rate, also known […]