Tag archives: insurance

Social media and insurance

The mining of social media and the use of big data (vast amounts of available internet data that can be analysed and exploited) by insurers to analyse consumer behaviour will change the face of insurance. The basic principles of insurance include the good faith sharing of information between insurer and insured, a pooling of good risks with bad risks, and assessing a fair premium for policyholders.  Paradoxically, regulations that require insurers to price more competitively and estimate their reserves more precisely to see that they are sufficiently capitalised are leading insurers to find ways to price insured risks more accurately.… Continue Reading

Willful act and business activity exclusions in defamation claim

Although we have covered many social media cases involving defamation claims (just click on the “Defamation” category to see them), here is a link to a post from one of our sister blogs (Financial Institutions Legal Snapshot) that relates to an issue we thought would be of interest to our readers:  insurance coverage for fake social media posts alleged to be defamatory:

Wilful act and business activity exclusions applied to defamation claim

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