Property

  • September 01, 2021

    Miami Eatery Denied Coverage In Pandemic Coverage Suit

    A Florida eatery isn't entitled to coverage for losses it sustained as a result of government pandemic restrictions, a federal court found, saying the restaurant didn't allege the kind of physical damage required for coverage under its all-risk policy.

  • September 01, 2021

    Court Says Land Swap May Be 'Win-Win' For Surfside Victims

    Survivors and relatives pushing for a memorial to be built on the site of June's deadly condominium tower collapse in Surfside, Florida, got a glimmer of hope Wednesday as a state judge expressed willingness to consider their proposal to swap the property for a nearby town plot they would then sell to help cover their losses.

  • August 31, 2021

    Cincinnati Notches Virus Coverage Win At 11th Circ.

    The Eleventh Circuit on Tuesday freed Cincinnati Insurance Co. from having to cover a Georgia dental clinic's COVID-19 business-interruption losses, becoming the second federal appellate court to side with insurers in the ongoing pandemic loss coverage dispute.

  • August 31, 2021

    Developer Loses COVID-19 Insurance Coverage Bid In Md.

    A Maryland federal judge on Tuesday handed a win to a Rhode Island-based insurance company in a dispute over COVID-19 coverage, ruling that a sports and entertainment real estate developer had not suffered "direct physical loss or damage" to its properties during the pandemic.

  • August 31, 2021

    Insurers Brace For Ida Claims Amid High Construction Costs

    Insurers and policyholders typically struggle over costs for wind and water damages from hurricanes, but a Fitch Ratings report issued Monday suggests increased construction labor and lumber costs during the pandemic could result in even higher claims costs for the insurance industry following Hurricane Ida.

  • August 31, 2021

    Chubb Sued Over 'Mission: Impossible' COVID Delay

    Paramount Pictures Corp. has sued a Chubb unit, accusing it of limiting coverage after production on "Mission: Impossible 7" was delayed by COVID-19 orders and outbreaks among the cast and crew.

  • August 31, 2021

    How Climate Change Is Heightening Hurricane Insurance Risk

    Sunday's landfall of Hurricane Ida in Louisiana as one of the most powerful storms to ever hit the U.S. underscores the challenges insurance carriers and policyholders face as climate change threatens to increase the frequency of the most destructive storms.

  • August 31, 2021

    Selective Must Pay $1M In Hail Damage Row, 8th Circ. Affirms

    The Eighth Circuit upheld a Minnesota federal judge's finding that a Selective unit must pay $1 million to repair damage to a home from a 2015 hailstorm, agreeing that the insurer acted in a bad faith when denying the claim.

  • August 31, 2021

    Hochul Names Ex-Obama Adviser To Be Top NY Financial Cop

    New York Gov. Kathy Hochul said Tuesday that she is nominating a former Obama administration economic adviser and onetime Sullivan & Cromwell LLP lawyer to serve as New York's top financial services regulator.

  • August 30, 2021

    Law360 MVP Awards Go To 182 Attys From 77 Firms

    The elite slate of attorneys chosen as Law360's 2021 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • August 30, 2021

    Lloyd's Tells 11th Circ. To Toss Eatery's Virus Coverage Suit

    Certain Underwriters at Lloyd's London has asked the Eleventh Circuit to uphold a ruling finding that a Miami restaurant isn't entitled to coverage for pandemic losses, saying the eatery didn't show it sustained the kind of damage required.

  • August 30, 2021

    Original 'Cheers' Pub Can't Get Pandemic Insurance Coverage

    A Massachusetts federal judge has tossed a lawsuit seeking pandemic-related insurance coverage for the bar from the hit NBC sitcom "Cheers," ruling that the presence or threat of the coronavirus does not constitute a direct physical loss of, or damage to, the property where everybody knows your name.

  • August 27, 2021

    Hair Salon Franchise's COVID-19 Coverage Suit Clipped

    The owner of 20 franchised Great Clips hair salons in Missouri and Illinois couldn't show that its decision to shutter the salons in response to the COVID-19 pandemic constitutes a "direct physical loss" of its property under its business insurance policy, a Missouri federal judge has ruled.

  • August 27, 2021

    5th Circ. Turns To Texas High Court In Hail Coverage Suit

    The Fifth Circuit asked the Texas Supreme Court to weigh in on a lost hailstorm coverage suit filed by two companies against a Liberty Mutual unit, saying that it needed guidance on applying a state doctrine concerning damages caused by multiple sources.

  • August 27, 2021

    Ill. Judge Hands Society Insurance COVID-19 Coverage Wins

    Society Insurance has escaped having to cover multiple Illinois businesses' COVID-19 pandemic losses, after a state judge ruled the presence of the coronavirus didn't cause physical loss or damage to their properties.

  • August 26, 2021

    Chubb Unit Beats NJ Restaurant's COVID Coverage Suit

    A New Jersey federal judge on Thursday ruled that an Italian restaurant is not entitled to coverage from a Chubb insurance unit for pandemic-related business interruption losses, finding that a virus exclusion in the restaurant's insurance policy bars its case.

  • August 26, 2021

    11th Circ. Affirms $3M Insurer Win Over Ruined Orange Grove

    Travelers Indemnity Insurance isn't obliged to cover a $3 million settlement a Florida orange grove manager accused of stealing supplies and damaging trees reached with the grove's owner, an Eleventh Circuit panel said Thursday, affirming a lower court ruling.

  • August 26, 2021

    Policyholders Nab Wins In COVID Suits, In 'Sea Change'

    Policyholders scored successes recently in battles with insurance companies when Pennsylvania and Nevada state court judges allowed suits over COVID-19 pandemic losses to proceed to discovery, marking what one policyholder attorney called a "sea change" in the way courts are seeing the cases.

  • August 26, 2021

    NY Cos. Denied Virus Coverage Like 'More Than 100' Before

    A New York federal judge tossed a suit against Nationwide Mutual Insurance Co. and another against the Ohio Casualty Insurance Co., ruling that — as found in more than 100 similar federal court cases across the country — the loss of use of the businesses' spaces due to COVID-19 orders doesn't trigger coverage based on physical property loss.

  • August 26, 2021

    Owner Of 4 La. Subways Sues Insurer Over Hurricane Losses

    The owner of four Louisiana Subway locations said in a dispute filed in federal court Thursday that its insurer acted in bad faith by paying nothing toward business losses caused last year by Hurricane Laura and Hurricane Delta.

  • August 25, 2021

    Policyholders Ask 11th Circ. To Revive Virus Coverage Suits

    A group of policyholders has asked the Eleventh Circuit to save their separate pandemic coverage suits, saying lower court dismissals of their cases failed to account for meanings of physical loss that could qualify them for coverage.

  • August 24, 2021

    Society Asks Judge To Toss Bad Faith Claims In Virus MDL

    Society Insurance Co. has urged an Illinois federal judge to nix all bad faith claims against it in pandemic business-interruption multidistrict litigation, saying it never issued a blanket coverage denial over COVID-19 losses.

  • August 24, 2021

    Native American Tribes See Mixed Bag In Virus Coverage Suits

    Native American tribes and nations have seen mixed results in federal and state suits against insurance companies as they continue to bring litigation aiming to tap into billions of dollars of coverage for losses to casinos and resorts during the COVID-19 pandemic.

  • August 24, 2021

    NY Photography Biz's Virus Coverage Suit Gets Shuttered

    A Pennsylvania federal judge has thrown out a New York photography company's proposed class action against Valley Forge Insurance Co. over pandemic-related losses, finding that "words matter" in concluding that the coronavirus didn't cause covered physical loss or damage.

  • August 23, 2021

    Insurer Wants Restaurant's Virus Coverage Suit Tossed

    The Cincinnati Casualty Co. has urged a Pennsylvania federal judge to find that the absence of any physical damage meant that a Scranton-area restaurant was barred from claiming coverage for financial losses it suffered after being forced to close last year at the start of the COVID-19 pandemic.

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