Justices To Consider Insurer's Right To Participate In Ch. 11
The U.S. Supreme Court is expected to hear arguments Tuesday on whether Truck Insurance Exchange retains standing to oppose the proposed reorganization plan of two bankrupt manufacturers facing a bevy of underlying asbestos injury claims, after the Fourth Circuit blocked Truck's opposition since the plan was "insurance neutral."
Insurer Climate Info Partnership Ups Federal Monitor's Role
A new data-sharing partnership between the U.S. Treasury and state insurance regulators reflects the government's growing interest in understanding and monitoring climate change risks to insurance markets, experts say, but questions remain over the extent to which the data will fully reflect the industry's risks and carbon footprint.
Towers Watson Ruling Energizes Bump Up Supporters, Critics
A Virginia federal court decision freeing Towers Watson's insurers from covering shareholder suit settlements totaling $90 million has offered carriers support for their use of the so-called bump-up exclusion and prompted criticism from policyholders that the exclusion has gone too far.
Property More
A cautious U.S. Supreme Court seemed poised Monday to rule in favor of the National Rifle Association in a case over allegations that a former New York state official pressured financial institutions to cut ti... (more story)
A Colorado federal judge ruled a Travelers unit doesn't have a duty to defend or indemnify a Denver homeowners association seeking coverage for a dispute with a different Travelers unit that alleged it overpai... (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)
A federal judge in Illinois has declined to send a $26 million lawsuit against the City of Chicago over rain damage at Willis Tower back to state court, finding the Metropolitan Water Reclamation District of G... (more story)
The University of Washington's board of regents urged a state court to reject a Liberty Mutual unit's motion to certify COVID-19 coverage questions to a state appeals court, pointing to the Washington Supreme ... (more story)
A Texas Holiday Inn operator failed to state a valid claim for coverage in its $13 million suit over COVID-19 pandemic losses, an Illinois federal judge ruled, tossing the case but allowing leave to amend.
A resulting loss exception in a condominium complex's policy with Farmers Insurance Exchange preserves coverage for damage caused by potentially covered perils, such as condensation and water vapor, even thoug... (more story)
General Liability More
Nearly 4,000 Colorado property owners suing Xcel Energy over a 2021 wildfire have argued that the utility's proposal to try all of their liability claims together would create a "chaotic and expensive mess" an... (more story)
A Florida federal jury on Friday found that National Indemnity Company of the South did not act in bad faith in its handling of claims against a Florida Keys construction and landscaping company and the compan... (more story)
A Michigan Supreme Court justice expressed discomfort Thursday with the idea that government officials could ratify a settlement in a closed-door meeting without consequences, in a case brought by three insure... (more story)
The U.S. Supreme Court will hear arguments next week over whether a former New York state official illegally pressured financial institutions to cut ties to the National Rifle Association, setting up a showdow... (more story)
Jeffrey Bristol of Parrish Law PA is a self-described "later-in-life lawyer" wearing many hats because he has dedicated more than a decade to serving in multiple branches of the U.S. armed forces.
Aetna must face a proposed class action alleging it readily covers fertility treatments for infertile heterosexual women but forces non-heterosexual women to spend thousands out of pocket before paying for the... (more story)
Specialty Lines More
The director of distressed medical companies was again prevented Monday from forcing an excess insurer to follow form and cover him in adversarial South Carolina bankruptcy proceedings, a Second Circuit panel ... (more story)
The U.S. Supreme Court has a packed oral arguments calendar this week that includes disputes over the Biden administration's work with social media companies to combat misinformation, the appropriate evidence ... (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)
A New York appeals court on Thursday affirmed a bench trial loss Lehman Brothers' bankrupt European unit suffered last year in a suit attempting to claw back nearly half a billion dollars from Assured Guaranty... (more story)
A divided Colorado Supreme Court expanded application of the state's notice-prejudice rule, the Fourth Circuit tossed a COVID-19 coverage class action and the Eighth Circuit considered whether insurers' billin... (more story)
The Eighth Circuit carefully considered arguments Thursday between six Farmers units and a policyholder class as to whether the carriers' agreements with healthcare providers restricted the class's medical exp... (more story)
The Fourth Circuit will decide whether to overturn a West Virginia federal ruling allowing an insurer to avoid covering a sustainable farm that has been accused by the oil and gas company of blocking it from d... (more story)