Canada Flood Insurer Should Help Lower High Risks, Pros Say
Ongoing efforts in Canada to develop a national flood insurance program should prioritize coverage for high-risk properties and accompany endeavors to lower flood risk in a country that is experiencing more destruction from natural catastrophes, experts say.
Special Arbitration Option Offers Relief Amid Nuclear Verdicts
Rising jury verdict values continue to put pressure on excess liability programs, but with many of these policies involving what is known as a Bermuda Form, carriers have found an alternative to the American jury system. Here, policyholder attorney Allan Moore of Covington & Burling LLP breaks down what role this method of confidential arbitration plays in the current insurance landscape.
NFIP Lapse Threatens Home Sales, Hurricane Protections
Thousands of home sales could be delayed or canceled as a result of the National Flood Insurance Program lapsing under the government shutdown, and homeowners could potentially be left without coverage during hurricane season, experts say.
Canada Flood Insurer Should Help Lower High Risks, Pros Say
Ongoing efforts in Canada to develop a national flood insurance program should prioritize coverage for high-risk properties and accompany endeavors to lower flood risk in a country that is experiencing more destruction from natural catastrophes, experts say.
Special Arbitration Option Offers Relief Amid Nuclear Verdicts
Rising jury verdict values continue to put pressure on excess liability programs, but with many of these policies involving what is known as a Bermuda Form, carriers have found an alternative to the American jury system. Here, policyholder attorney Allan Moore of Covington & Burling LLP breaks down what role this method of confidential arbitration plays in the current insurance landscape.
NFIP Lapse Threatens Home Sales, Hurricane Protections
Thousands of home sales could be delayed or canceled as a result of the National Flood Insurance Program lapsing under the government shutdown, and homeowners could potentially be left without coverage during hurricane season, experts say.
Expert Analysis
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Property More
A Colorado court found that an insurer does not have to cover a $13.4 million construction settlement because it was reached through collusion, an Illinois judge partly reversed a ruling granting biometric pri... (more story)
A Louisiana federal court has temporarily barred a Bermuda-based Chubb unit from pursuing arbitration proceedings in England in a dispute with a hospitality and entertainment company over coverage for pandemic... (more story)
A Travelers unit owes $3 million to cover the bulk of a subcontractor's $4.5 million settlement over botched work at a Clemson University student housing development, a Georgia federal court ruled, finding the... (more story)
A Washington appellate panel has affirmed a state university's defeat in a lawsuit seeking insurance coverage for $63 million in business losses from a COVID-induced shutdown, concluding on Tuesday that the pa... (more story)
A New York federal judge on Tuesday rejected a subcontractor's attempt to recover $2.5 million for construction work on a West Point Military Academy renovation, finding the company's claims are barred under s... (more story)
A construction company's insurer has no duty to cover a roughly $13.4 million settlement the company reached with a residential community's manager over claims that it performed faulty repair work for hail dam... (more story)
An Illinois federal court on Monday significantly cut a proposed class action accusing State Farm of systematically undervaluing policyholders' claims for totaled vehicles, but left intact the policyholders' c... (more story)
A wealth management firm and its CEO told a Tennessee federal court that its professional liability insurer failed to include other insurers and an insurance agency in coverage litigation over underlying arbit... (more story)
Liberty Mutual units urged a Texas federal court to toss an automobile auction company's suit accusing them of failing to indemnify a settlement over stormwater runoff claims, saying the question of breach can... (more story)
A Florida federal court invalidated a $187 million appraisal award that a group of homeowners associations won against their insurers over damage related to Hurricane Sally in 2020, finding that the group's ch... (more story)
General Liability More
Diamond State Insurance Co. asked a Colorado federal judge Monday to find it has no duty to indemnify an entertainment company being sued over a shooting at a hotel in May 2022 that injured one person, arguing... (more story)
An insurer for milk producer Fairlife LLC told an Illinois federal court Friday it owes no coverage for a proposed class action filed earlier this year accusing the company of false advertising through its all... (more story)
A Georgia insurance company can't slip out early from a fight over a defunct captive insurer's demise, a North Carolina Business Court judge has ruled, finding the company's owners directed actions into the Ta... (more story)
Two insurers failed to cover repairs and other costs stemming from a corporate jet crash that totaled more than $1.3 million, the jet's owner alleged in a lawsuit removed by the insurers to Texas federal court... (more story)
An AIG unit must pay food company Cargill Inc. more than $42 million for losses the company said it sustained as a result of a bribery and kickback scheme involving former employees, a Minnesota federal court has ruled.
While a state court correctly ruled under Wisconsin law that a standard-form pollution exclusion in an insurance policy did not apply to PFAS liability claims from direct exposure, the decision nevertheless hi... (more story)
A Brooklyn private school's insurers asked a New York federal court to toss a former student's third-party suit asserting they must pay for a $9 million settlement over sexual abuse claims, arguing their inser... (more story)
A Colorado federal judge dismissed the claims of a pipeline construction company against Zurich Monday after the court found the insurance policy between the insurer and one of the construction company's subco... (more story)
An Arizona federal court on Monday tossed an insurer's action seeking to avoid covering a brokerage firm in an underlying state court suit alleging it caused an audio company's buyer to lose $1.35 million thro... (more story)
A contractor's insurer said it does not owe coverage to a bridal shop that won a $38 million judgment against its policyholder following a fire, telling a New York federal court that the policy was declared vo... (more story)
Specialty Lines More
Kelley Kronenberg announced that the firm has launched a team focused on handling cyber insurance defense matters in response to the fast growth and increased demand for services in the area.
A Connecticut Superior Court judge has denied requests by Phoenix Life Insurance Co. and PHL Variable Insurance Co. to file late partial summary judgment motions in a $22.3 million professional negligence laws... (more story)
An insurer for a telecommunications company owes no coverage for its $2.5 million settlement with the Illinois government over claims that it failed to collect and remit certain taxes and fees owed by customer... (more story)
Various Travelers units owe no coverage to a software provider that reached a nearly $3 million class action settlement over claims that it violated Illinois' Biometric Information Privacy Act, a federal court... (more story)
An auto insurer for a security business has no duty to indemnify a jury verdict exceeding $20 million over a fatal shooting involving one of the company's guards, an Oregon federal court ruled, finding the gua... (more story)
Two Nationwide units must defend an automotive accessory company accused of violating Illinois' Biometric Information Privacy Act, an Illinois federal court held Tuesday, following a ruling in a separate case ... (more story)
A Montana federal court recently took a broad view of related claims, ruling that claims brought by different plaintiffs in different states alleging different legal theories were nevertheless under a director... (more story)
McCarter & English LLP has asked a Connecticut state judge to block two insurers' summary judgment bids on breach of contract claims connected to a $22.3 million professional negligence lawsuit, saying both si... (more story)
Insurers for a logistics technology company must defend the company against claims that it stole a rival's technology and marketing strategy, a Delaware state court ruled, finding that the policies' "prior and... (more story)
In cases alleging that the training of artificial intelligence tools violated copyright laws, successful outcomes may hinge in part on the litigator's ability to clearly present AI concepts through a persuasiv... (more story)