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Viewpoint: Prudent or Not, an Insured’s Extra Expense Must Be Strictly ‘Necessary’

In a well-reasoned recent opinion, an Illinois appellate court strictly construed a cyber policy, ruling that reasonable—but contractually unnecessary—payments made by an insured following a cyberattack did not constitute insured “extra expense.” While the decision is designated as “unpublished,” it …

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Kansas Saves Elders About $5M from Financial Exploitation with New Legislation

Kansas Insurance Commissioner Vicki Schmidt announced state efforts have prevented over $4.97 million from going to bad actors through the Protect Vulnerable Adults from Financial Exploitation Act. “Identification and prevention of financial exploitation in vulnerable populations is a priority for …

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Lawsuit Alleges USA Gymnastics and SafeSport Failed to Stop Sexual Abuse at Iowa Academy

Two gymnasts who say they were sexually abused at an elite academy in Iowa filed lawsuits Monday against the sport’s oversight bodies, alleging they failed to stop Sean Gardner from preying on girls despite repeated complaints about the coach’s behavior. …

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