Property

  • 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.

  • September 13, 2021

    NAIC Summit Day 1: Insolvencies, Surfside & Global Risks

    The National Association of Insurance Commissioners kicked off its insurance summit Monday with a series of talks for the insurance industry and state regulators on climate change, technology, insurer solvency and more. 

  • September 13, 2021

    Florida Country Club Sues Insurer Over Irma Damage

    A Florida golf club community has sued Empire Indemnity Insurance Co., alleging it breached a property insurance policy by failing to cover the cost of damage caused by Hurricane Irma in 2017.

  • September 13, 2021

    Comfort Inn Says Insurers Dodged Covering Dorian Damage

    The owner of a Comfort Inn in Charleston, South Carolina, is suing its insurers, alleging they misrepresented and failed to pay for windstorm damage sustained in 2019 from Hurricane Dorian, according to a federal court filing.

  • September 13, 2021

    Philly Deli's COVID-19 Coverage Suit Doesn't Cut The Mustard

    A federal judge served a Philadelphia deli's business-interruption lawsuit cold meat Friday when she let Nationwide subsidiary Allied Insurance off the hook for the restaurant's pandemic losses, finding no "direct physical loss of or damage" to the property.

  • September 13, 2021

    Law360's Glass Ceiling Report: What You Need To Know

    Law firms are facing renewed calls to step up their efforts on equity and inclusion. But when it comes to closing the gender gap, law firms still have a long way to go, our annual survey shows.

  • September 10, 2021

    Ritz-Carlton, Quality Inn Fight For Virus Coverage At 7th Circ.

    A Ritz-Carlton in Texas, a Quality Inn in Illinois and a handful of other businesses urged a Seventh Circuit panel Friday to undo a slate of lower court rulings axing their claims that insurers wrongfully denied coverage for their losses stemming from the COVID-19 pandemic and ensuing government shutdown orders.

  • September 10, 2021

    9/11 Terrorist Attack Suits Left Mark On Insurance Industry

    The terrorist attacks on Sept. 11, 2001, marked a generational turning point for many in the United States, and 20 years later those events have had a resounding impact on the insurance industry from the claims, lawsuits and settlements that were triggered by the tragic loss of life and property damage.

  • September 10, 2021

    Insurance Regulators Make News: Regulatory Roundup

    From the Texas governor's appointment of a new insurance chief after a year-long vacancy, to the resignation of West Virginia's insurance commissioner, to the Louisiana regulator's public battle with the industry over Hurricane Ida claims, it was a busy week for insurance departments across the country. Here's a look at those stories and other news in insurance regulation.

  • September 10, 2021

    Surfside Rejects Land Swap With Collapsed Condo Site

    The town of Surfside, Florida, has rejected a push by survivors of June's deadly condominium collapse to swap the property for a nearby town plot they would then sell to help cover their losses.

  • September 10, 2021

    Sanctions Sought Against State Farm In 15-Year Katrina Suit

    A Mississippi family involved in a 15-year suit against State Farm over allegations the insurer mischaracterized wind damage claims after Hurricane Katrina asked a federal court to sanction the carrier and its attorneys over what they called frivolous motions.

  • September 10, 2021

    Pandemic, Cyberattacks Fuel Demand For Insurance Attys

    The rise of COVID-19 business-interruption coverage disputes, unpredictable cyberattacks and natural disasters, along with what legal experts call a hard insurance market, has boosted the demand for insurance attorneys and spurred stiff competition for talent.

  • September 09, 2021

    Busy Storm Season Batters Florida Insurance Market

    The insurance industry is bracing itself for increasingly destructive storms as the Atlantic enters peak hurricane season Friday, and the market in Florida may be uniquely positioned to take the hardest hit, experts told Law360.

  • September 09, 2021

    Sports Data Co.'s Virus Coverage Bid Doubtful, Judge Says

    An Illinois state judge on Thursday picked apart a sports data company's claims that two CNA Financial Corp. subsidiaries wrongfully denied it coverage for COVID-19-related business losses, signaling an uncertain future for the case.

  • September 09, 2021

    'Avalanche' Of Virus Cases Favors Insurers, Judge Says

    A California federal judge said Thursday she's inclined to toss a Michelin-starred restaurant's proposed class action demanding that Sentinel Insurance cover pandemic-related losses, saying there's an "avalanche" of similar cases favoring insurers and "the fact that [the restaurant] had a different business model, guess what? So did everyone else."

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