Property

  • September 17, 2021

    Zurich Beats Virus Suit From Children's Place Retail Chain

    A New Jersey federal judge on Friday tossed a lawsuit by the Children's Place seeking a declaration that Zurich American Insurance Co. owes it coverage for losses related to the COVID-19 pandemic, ruling that the policy terms at issue are unambiguous and in favor of dismissal.

  • September 17, 2021

    Wall Street Contractor Seeks Coverage For Losses After Death

    The general contractor working on the One Wall Street development in lower Manhattan asked a New York state court Friday for an order stating that its insurer owes coverage for operational losses it sustained following the death of a worker.

  • September 17, 2021

    Serial Comma Can't Force Discovery In Virus Coverage Row

    An awkward serial comma in its virus exclusion won't force Utica First Insurance Co. to provide discovery to a Pennsylvania restaurant on how the exclusion was developed, a Keystone State federal judge has concluded.

  • September 17, 2021

    Insurers' Bid To Escape Wawa's Virus Suit Meets Skepticism

    A New Jersey state judge pushed back Friday on insurance companies' attempt to toss Wawa Inc.'s lawsuit seeking coverage for its COVID-19-related losses, suggesting that he had to accept the convenience store chain's allegations that it suffered physical damage over the insurers' arguments to the contrary.

  • September 17, 2021

    Policyholder Attys Decry Treatise's Impact On Pandemic Suits

    With billions of dollars at stake in coronavirus business-interruption suits across the country, policyholder attorneys are arguing that courts have erroneously relied on a prominent insurance treatise to find that businesses have not suffered covered "physical loss or damage" because of the pandemic.

  • September 17, 2021

    Hartford Unit Must Defend Masonry Contractor In Defects Suit

    A Hartford unit must defend a masonry subcontractor accused of shoddy construction, a California federal judge said, finding that an underlying lawsuit showed that water damage may not have stemmed solely from the policyholder's work.

  • September 16, 2021

    Brunch Eatery's Coverage Suit Crumbles Over Lack Of Virus

    A brunch restaurant chain in Kentucky, Ohio and Indiana can't force its insurer to cover its business losses stemming from pandemic lockdown orders, a Kentucky federal judge ruled Thursday, saying the chain hasn't shown the government restrictions were in response to the presence of COVID-19 at its restaurants.

  • September 16, 2021

    NAIC Summit Day 4: Cyber Challenges, Diversity And Floods

    The fourth day of the National Association of Insurance Commissioners' Insurance Summit featured discussions on changes in the cyberinsurance and flood insurance markets as the risks in both spaces continue to grow and shift, and a keynote speech addressing the role the insurance industry plays in a bigger issue: income inequality.

  • September 16, 2021

    Fla. Property Owner Sues Insurers For Hurricane Damage

    The owner of two Florida properties damaged by Hurricane Sally last year asked a New York federal court to award it damages because the owner says its insurers failed to properly investigate its damage claims and pay out more than $5 million in damages under its policies.

  • September 16, 2021

    Pa. Gambling Co. Asks To Send Insurance Suit To State Court

    Gambling and entertainment company Greenwood Racing Inc. has again urged a Pennsylvania federal judge to remand to state court its suit against two insurers over COVID-19 coverage, saying a recent Third Circuit decision supports its argument that a district court doesn't have to retain jurisdiction.

  • September 16, 2021

    Eateries Can't Claim 'Physical Loss' From Virus, Judge Says

    A Massachusetts federal judge on Thursday joined the "national trend in decisions" holding that the novel coronavirus did not render buildings physically damaged, ruling against a hospitality group seeking coverage for pandemic losses.

  • September 16, 2021

    Chicago Furniture Store Sues Insurer For Protest Damage

    A Chicago-area furniture store is suing its insurer for coverage of damage it sustained during the looting that accompanied last year's protests over the murder of George Floyd, saying the carrier has failed to come to a timely coverage decision.

  • September 16, 2021

    Day Care Asks 7th Circ. To Revive COVID-19 Coverage Bid

    A Chicago day care center asked the Seventh Circuit on Wednesday to revive its lawsuit seeking coverage for pandemic-related business interruption losses, arguing that a lower court misconstrued a provision in its insurance policy to only cover structural damage to property.

  • September 15, 2021

    NAIC Leadership Talks Future Hurdles For Insurance Industry

    The National Association of Insurance Commissioners on Wednesday held its first officer panel event since 2019, bringing together its top leadership to discuss how the COVID-19 pandemic helped accelerate much-needed changes in how the insurance industry conducts business, while noting it's still unclear if some of those changes are here to stay.

  • September 15, 2021

    Trade Group Tells 1st Circ. Eateries Not Owed Virus Coverage

    One of the country's largest trade groups representing insurance companies urged the First Circuit on Wednesday to uphold a finding that a group of Massachusetts eateries was not entitled to coverage for losses sustained because of the coronavirus pandemic.

  • September 15, 2021

    Food Supplier's COVID-19 Coverage Bid Rejected In New York

    A Liberty Mutual unit notched a victory against Chefs' Warehouse, when a New York federal judge said Wednesday that the food supplier failed to show the kind of damages that would entitle it to coverage for pandemic losses.

  • September 15, 2021

    Modest Rise In Property Net Premiums In 2020, Report Says

    The amount of net premiums written by mutual insurance companies focusing on property and casualty coverage increased 1.4% in 2020, market analyst AM Best reported, a modest increase attributable to coronavirus pandemic conditions.

  • September 14, 2021

    NAIC Summit Day 2: Cybersecurity & Climate Exposures

    Climate change and cybersecurity were the main topics of discussion in data-focused sessions that got into the specifics of risk calculations at Tuesday's National Association of Insurance Commissioners Insurance Summit panels.

  • September 14, 2021

    Hartford Unit Aims To Sink NJ Law Firm's Virus Coverage Suit

    Hartford unit Sentinel Insurance Co. has asked a New Jersey state court to dismiss a pandemic coverage suit brought by tri-state area law firm Fleming.Ruvoldt PLLC, saying the firm didn't suffer the kind of physical loss or damage required for coverage.

  • September 14, 2021

    9th Circ. Urged Not To Stay Order Enforcing Arbitration Clause

    A group of foreign insurance underwriters argues there's no reason for the Ninth Circuit to pause its decision forcing arbitration of a dispute over property damage coverage while the matter goes to the U.S. Supreme Court, saying there's no significant issue that the justices need to resolve.

  • September 14, 2021

    Condo Complex Can Seek $2.9M From Subcontractor's Insurer

    A condo association's $2.9 million suit against a waterproofing subcontractor's insurer over water damage can stay afloat, a Minnesota appeals court said Monday, finding there are unresolved issues on whether the insurer should provide coverage.

  • September 14, 2021

    Furniture Company's COVID-19 Coverage Suit Splinters

    A New York federal judge on Monday threw out a furniture installation company's lawsuit against its insurer seeking coverage for pandemic-related business interruption losses, finding that the company did not suffer a direct physical loss or damage from the coronavirus.

  • September 14, 2021

    NY Eatery Can't Use Travelers 'All Risk' Insurance For COVID

    A New York federal judge Monday tossed a proposed class action brought by a White Plains restaurant seeking to force Travelers Casualty Insurance Co. of America to cover its lost income during the pandemic, saying the eatery's "all risk" business insurance only covers physical loss or damage to the property.

  • September 14, 2021

    Salon's Suit Against Lloyd's For COVID Coverage Didn't Cut It

    A salon's argument that its all-risk policy should have covered its losses due to COVID-19 didn't cut it Tuesday with a Florida federal judge, who dismissed with prejudice the salon's lawsuit against its insurers after holding that it did not suffer any physical loss as required by the policy.

  • September 14, 2021

    These Firms Have The Most Women In Equity Partnerships

    Many law firms are seeing only modest progress as they seek to close the gender gap in their top ranks. But these firms are working to shake up that reality and forging a path to progress.

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