Antitrust Concerns Persist For New UN Insurance Group
Justices Dodge Class Action Queries In $3.5B Insurance Row
R&W Insurers' Claims Handling A 'Big Differentiator,' Aon Says
Antitrust Concerns Persist For New UN Insurance Group
A new United Nations insurance-climate initiative demonstrates a continued interest among regulators for promoting a more sustainable industry, but experts say antitrust concerns and industry participation raise questions about its potential efficacy.
Justices Dodge Class Action Queries In $3.5B Insurance Row
The U.S. Supreme Court left open the question of when class actions should be relegated to state courts by declining a mutual insurance company's appeal of claims that it failed to return $3.5 billion in profits back to policyholders.
R&W Insurers' Claims Handling A 'Big Differentiator,' Aon Says
As competition in the market for representations and warranties insurance heats up, carriers' claims processes are becoming "one of the biggest differentiators" for securing repeat business, Aon said in its latest R&W claims report Thursday, finding that claim frequency has hovered near the 18% mark for so-called off-risk policies.
Expert Analysis
A review of recent case law reveals the wide range of misunderstandings that may arise between insurers and policy... (more story)
With the surge in litigation over liability under the Trafficking Victims Protection Reauthorization Act, corporat... (more story)
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In Indiana GRQ v. American Guarantee and Liability Insurance, an Indiana federal jury recently issued a landmark $... (more story)
Property More
Candymaker Mars Inc. can't get coverage from Factory Mutual Insurance Co. for its COVID-19-related losses, the Fourth Circuit ruled Thursday, further rejecting Mars' bid to certify a question to the Virginia Supreme Court.
Troubled MMA Law Firm PLLC is seeking to stop another firm from representing its bankruptcy creditors, arguing that MMA's principal had previously spoken with the other firm as a prospective client and had sha... (more story)
A Michigan-based insurer asked a Florida federal court Wednesday to grant a default final judgment in its indemnification suit against a contractor, seeking to force the company to cough up nearly $13 million ... (more story)
An owner and operator of 15 ski resorts urged a Colorado state court to find that an AIG unit owes coverage under its policy's "loss of attraction" provision for COVID-19-related business interruption losses, ... (more story)
A Florida judge on Wednesday refused to pause an aircraft leasing company's coverage suit for $700 million worth of airplanes reappropriated by Russian airlines after the Ukraine war began, denying a request b... (more story)
The Illinois Supreme Court weighed Wednesday whether Zurich American Insurance Co. can recoup $3 million from a subcontractor for water damage repair costs the insurer paid to a general contractor despite Zuri... (more story)
Counsel for Sentinel Insurance urged the California Supreme Court on Wednesday to reverse an appellate court's finding that a San Francisco restaurant's policy covered COVID-19 business interruption losses, di... (more story)
General Liability More
The Hanover Insurance Group has refused to pay a judgment of nearly $13.4 million to the family of a man who died in the care of a Connecticut group home, according to a lawsuit in state court.
The city of Seattle says two short-line railroads have breached agreements to maintain liability insurance and indemnify the city in lawsuits from cyclists injured crossing tracks along a perilous stretch of a... (more story)
The Tenth Circuit said there were "good arguments on both sides" of an appeal at oral arguments Monday over whether absolute pollution exclusions doomed a New Mexico property owner's quest for defense coverage... (more story)
Three former Sherbrooke Corporate Ltd. executives accused of stealing assets when they left to form their own venture lost a bid to halt the company's lawsuit, after a North Carolina federal judge doubted that... (more story)
An insurer must defend an automotive accessory company in a proposed class action alleging violations of Illinois' Biometric Information Privacy Act, the Seventh Circuit ruled, finding that unlike the company'... (more story)
A Colorado state appeals court affirmed a lower court's finding that a Progressive unit couldn't contest liability in its policyholder's car crash case involving an uninsured driver, saying the lower court cor... (more story)
Specialty Lines More
An Arkansas federal judge ruled an insurer correctly evaluated a telemarketing company's losses from a cyberattack, agreeing that "normal operating expenses" the company paid from revenue during that period ar... (more story)
A California federal court paused Crum & Forster's suit against a police gun and fitness club and the city of Los Angeles over coverage for underlying actions brought by officers accusing the club of selling t... (more story)
An insurer does not have to defend a Miami law firm in a lawsuit accusing it of overbilling a client, a Florida federal judge has ruled, finding that the underlying allegations do not constitute professional s... (more story)
Great American Assurance owed no defense to a real estate appraiser for a disciplinary action over claims of an "egregiously inaccurate" valuation, an Indiana federal court ruled, finding that her failure to d... (more story)
The 400 largest law firms by headcount in the U.S. grew more slowly in 2023 than in the previous two years, while Kirkland & Ellis LLP surpassed the 3,000-attorney threshold, according to the latest Law360 ranking.
The legal market expanded more tentatively in 2023 than in previous years amid a slowdown in demand for legal services, especially in transactions, an area that has been sluggish but is expected to quicken in the near future.
Travelers had a duty to defend a computer retailer in an underlying trademark infringement action filed by Cisco Systems, the Eighth Circuit affirmed Monday, saying it cannot conclude that coverage is barred b... (more story)