In Xtreme Protection Services, LLC v. Steadfast Ins. Co., 2019 IL App (1st) 181501 (May 3, 2019) the Illinois Appellate court considered when punitive damages give rise to a conflict of interest entitling the insured to independent counsel.
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From the tsunamis in Indonesia to the wildfires that ravaged California, 2018 saw a significant number of natural disasters. While these catastrophes yielded historic losses for insurers and reinsurers alike, the reinsurance market has proved remarkably stable.
Every business has insurance, whether it’s medical insurance for employees, property insurance for the building, or liability insurance for the actions of its directors, officers, and employees. While the insurance landscape is constantly evolving, recent social progress has led to rapid changes that will have huge implications for the insurance industry. Due to the major impact of the #MeToo movement, many insurance companies are rethinking how or if they will offer Employment Practices Liability Insurance (EPLI) to certain industries.
The typical crime insurance policy includes computer fraud coverage, which insures loss resulting “directly from” the use of a computer. As is readily apparent, computers are now used in nearly every aspect of modern business. As a result, the potential losses that can result from the use of a computer have grown exponentially. Courts have struggled, in turn, to define the scope of computer fraud coverage.
Chasnoff Mungia Pepping & Stribling is proud to announce that two of our founding partners have been elected to new positions in the Firm to better serve clients and foster the Firm’s continued growth. Manuel Mungia is now the Firm’s Managing Partner and Matt Pepping will act as the Firm’s Hiring Partner.