Property
-
November 28, 2023
Law Firm Leaders Cautiously Optimistic Heading Into 2024
Major U.S. law firms are steadfast in their commitment to the pursuit of further growth despite ongoing economic uncertainty. Here’s what the leaders of four Leaderboard firms have to say about how the legal industry is preparing for next year.
-
November 28, 2023
The 2023 Law360 Pulse Leaderboard
Check out the Law360 Pulse Leaderboard to see which first-in-class firms made the list this year.
-
November 27, 2023
Brine Co. Says Pollution Suit Coverage Denial Is 'Egregious'
A brine supplier asked a Louisiana federal court to determine that its insurer does owe defense and indemnity coverage for an underlying suit alleging the supplier leaked toxic chemicals from a salt mine onto nearby property, calling the insurer's position against covering the action "egregious."
-
November 27, 2023
Bankruptcy Court OKs Camden Diocese $4.6M Insurance Loan
A New Jersey bankruptcy court on Monday gave its blessing to a $4.6 million financing agreement that will allow the Roman Catholic Diocese of Camden, New Jersey, to renew insurance policies as it continues its Chapter 11 bankruptcy.
-
November 27, 2023
No 2nd Shot For Complex In Hurricane Case, Agent Says
Insurance agent AmRisc LP has asked a Louisiana federal court not to allow an apartment complex a second chance to oppose the agent's dismissal from an $11 million Hurricane Ida damage coverage dispute, claiming it had no valid excuse to miss a filing deadline.
-
November 27, 2023
Energy Co. Seeks Exit From Travelers' Lighting Fire Dispute
An energy company urged a New York federal court to dismiss a lawsuit brought by Travelers in an attempt to recover costs for a trampoline park fire the company alleged was caused by faulty lighting, maintaining that the loss was caused by the park.
-
November 27, 2023
Fla. Panel Revives Homeowner's Damage Coverage Dispute
A Florida statute requiring policyholders to notify the state's Department of Financial Services before filing suit against an insurer does not apply retroactively to policies purchased before the statute's effective date, a Florida state appeals court held, reversing the dismissal of a homeowner's suit against her property insurer.
-
November 22, 2023
Ag. Business Says Nationwide Owes $1M For Hail Damage
A Texas agricultural company is seeking over $1 million from Nationwide for damage it said its property sustained in a 2022 hailstorm, arguing that the insurer wrongfully denied coverage because of an improper investigation, according to a suit removed to Texas federal court Wednesday.
-
November 22, 2023
Oil Cos. Say Underwriters Must Cover $10.6M Judgment
Two petroleum companies told a Texas federal court that the $10.6 million judgment they won against a now-bankrupt oil services company for damage to its oil reserves from saltwater displacement must be covered by the company's insuring underwriters, arguing that various exclusions are inapplicable.
-
November 22, 2023
What Insurance Pros Are Grateful For This Thanksgiving
Insurance professionals are thankful this holiday season for the U.S. Supreme Court's interest in insurance issues, a Hawaii Supreme Court ruling on recoveries for defense costs, and the opportunity to make career changes. Here, Law360 looks at what insurance attorneys are grateful for this Thanksgiving.
-
November 22, 2023
Judge Recommends Axing Suit Over Texas Firm's Solicitation
Troubled Houston law firm McClenny Moseley & Associates PLLC won a preliminary victory on Wednesday as a federal magistrate judge recommended dismissing a putative class action over its allegedly illegal efforts to solicit clients in hurricane-related property damage cases.
-
November 22, 2023
Fla. Company Says Insurer Owes $1.2M For Ian Damage
A Jacksonville-based company told a Florida federal court that its insurer, Ohio Security Insurance Co., still owes it more than $1.2 million in coverage for property damage caused by Hurricane Ian in late 2022.
-
November 21, 2023
Zurich Says $13.8M Theft Coverage Row Belongs In Ga. Court
Zurich American Insurance Co. asked to move a Georgia property owner's lawsuit over coverage of an alleged $13.8 million theft to Georgia court, arguing that the suit was improperly filed in a Texas federal court.
-
November 21, 2023
Allstate, Lowe's Settle Dehumidifier Fire Coverage Dispute
Allstate and Lowe's have settled the insurer's suit accusing the home improvement retailer of selling a dehumidifier that started a house fire causing $150,000 in damage, according to a Pennsylvania federal court order dismissing the suit Tuesday.
-
November 21, 2023
Aviation Repair Co. Seeks Coverage For Totaled $950K Plane
An airplane repair company asked its insurer to pay for a $950,000 plane that it says was accidentally destroyed during the functional testing of a fuel tank fix, in a case removed from Florida state court to federal court Tuesday.
-
November 21, 2023
Iowa Dept. Store Seeks Court's Aid In $15M Appraisal Dispute
A department store chain is seeking a court-appointed umpire in its dispute with Travelers over the amount of damages its property sustained from a windstorm, with the chain maintaining it suffered over $15 million in damages, according to a suit removed to Iowa federal court.
-
November 21, 2023
NC Panel Won't Revive Clothing Co.'s COVID Coverage Suit
The North Carolina Court of Appeals on Tuesday upheld a trial court’s decision finding that clothing retailer Cato Corp. was not entitled to COVID-19-related insurance coverage, asserting that the virus did not cause any physical loss or damage to Cato’s properties that would have triggered its policy.
-
November 21, 2023
Insurer Exits Calif. Mall's $5M COVID Row, Leaving AIG Unit
An insurer for an upscale Southern California mall has agreed with the mall's owner to settle its involvement in a coverage fight over $5 million in COVID-19 pandemic closure losses, leaving an AIG unit to fend for itself on the remaining claims.
-
November 21, 2023
Insurance Exec Agrees To Fines In Multibillion-Dollar RICO
A North Carolina insurance mogul's former chief investment officer agreed to pay $75,000 in damages to insurers in a federal racketeering lawsuit concerning his role in a multibillion-dollar insurance scheme.
-
November 20, 2023
Insurers, Contractors Settle $4M Water Damage Row
A joint construction venture told a Florida federal court on Monday that its spat with a trio of insurers over coverage for a $4 million series of 2021 water damage incidents in a Miami high-rise was settled, and the court issued an administrative order closing the case the same day.
-
November 20, 2023
Insurer Wants NYC Apt. Flood Suit To Stay In Federal Court
An insurer who paid hundreds of thousands of dollars for flooding in a New York City apartment told a New York federal judge it should be allowed to seek repayment from the maintenance company it blames for the torrent, despite similar subsequent state court suits.
-
November 20, 2023
AIG Unit Resolves Condo's $3.6M Irma Damage Coverage Suit
A Florida federal judge dismissed a Naples condominium association's $3.6 million Hurricane Irma damage lawsuit Monday against an AIG unit roughly a month after the parties resolved the case in mediation.
-
November 20, 2023
Reed Smith Grows Philly Office With Insurance Recovery Atty
Reed Smith LLP continued the recent expansion of its Philadelphia office with the addition of an insurance recovery attorney who moved his practice after nearly three years with Flaster Greenberg PC, the firm announced Monday, making this Reed Smith's second lateral hire in about a week.
-
November 20, 2023
Contested Premium Costs Were Legal, Chubb Unit Tells Court
A homeowner with properties in California and Nevada had no viable claims in his suit against his Chubb unit insurer, the unit argued, urging a California federal judge to toss his proposed class action alleging the company's premiums were inflated.
-
November 20, 2023
Chubb Wants Out Of $4M Clogged Drains Coverage Spat
A trio of Chubb companies asked a Connecticut federal court to toss a real estate company's lawsuit seeking more than $4 million in losses caused by a pair of clog-related plumbing failures, arguing that the company's policy covers only a fraction of its claims.
Expert Analysis
-
Ethics Tips For Attorneys Telecommuting Across State Lines
Attorneys working remotely from jurisdictions in which they are not admitted should take precautionary steps to avoid engaging in unauthorized practice of law, say John Schmidt and Michael Seaman at Phillips Lytle.
-
6 Ways Legal Employers Can Help Pandemic-Weary Parents
Parenting during the pandemic has introduced a series of competing personal and professional obligations for attorneys and professional staff, and even organizations that are supportive of their parent employees can take steps to do better, says Meredith Kahan at Saul Ewing.
-
COVID-19 Insurance Issues To Watch In Civil Law Countries
A recent decision from a Spanish court of appeals shows that COVID-19 business interruption coverage disputes may not have outcomes that would be expected in common law countries, say Miguel Torres at Martínez-Echevarría & Rivera Abogados and José Umbert at Zelle.
-
Remote Working Tips For Lawyer Trainees And Their Firms
The prospect of joining a law firm during the pandemic can cause added pressure, but with a few good practices — and a little help from their firms and supervising attorneys — lawyer trainees can get ahead of the curve while working remotely, say William Morris and Ted Landray at King & Spalding.
-
Punishing Bar Exam Policies On Menstrual Products Must Go
Law graduates across the states are sitting for the grueling two-day bar exam this week despite menstruation-related barriers, such as inadequate menstrual product and bathroom access, which could be eradicated with simple policy tweaks, say law professors Elizabeth Cooper, Margaret Johnson and Marcy Karin.
-
It's Time For Law Firms To Start Loving And Leveraging Data
The volume and diversity of data managed by law firms today — from client files to internal financial records — may seem daunting, but when properly organized, good data can help practitioners stay competitive by providing sharper insight into firm resources and cost of work, say Jaron Luttich and Barry Wiggins at Element Standard.
-
Biz Interruption Insurance Considerations After Texas Storms
Businesses that have suffered losses from the snow and utility interruptions in Texas should consider the broad range of commercial property insurance policy triggers that may apply, says Micah Skidmore at Haynes and Boone.
-
An In-House Counsel's Guide To Better Work Management
Amid economic uncertainty and increasing pressure on corporate legal departments to do more with less, work management processes should be aimed at tracking legal teams' every contribution, including routine matters that can be reallocated to nonlegal staff, says Aaron Pierce at LexisNexis CounselLink.
-
Building A Law Firm Knowledge Bank For Thought Leadership
Marketing professionals often do not have firsthand knowledge of current legal trends and client issues, so law firms need to commit to an ongoing knowledge extraction process — a series of steps to draw out attorney insights that can help marketers create effective and frequent thought leadership content, says Michelle Calcote King at Reputation Ink.
-
Let's Emerge From The Pandemic As Legal Innovators
The pandemic forced a digital reckoning on the legal profession — which switched to remote workforces, paperless workflows and digital signatures seemingly overnight — and law firms and corporate legal departments can keep up the innovation momentum with three guiding principles, says Kevin Clem at HBR Consulting.
-
This Black History Month, Law Firms Should Challenge Norms
With so little progress made in the diversification of the legal industry, Black History Month is a good time for law firms to adjust their organizational cultures, ensuring that diversity and inclusion goals are transparent and measured in the same way billable hour and other core targets are — through written, enforceable policies, says Paulette Brown at Locke Lord.
-
Law Firm Penalties On Departing Partners Just Got Riskier
A D.C. appeals court's recent decision in Jacobson Holman v. Gentner sharply limiting the ability of law firms to financially penalize departing partners continues a clear trend among court rulings and bar ethics opinions, and should encourage firms to review their partnership agreements for any ethical land mines, says Alan Kabat at Bernabei & Kabat.
-
Tips For Protecting Privilege When Working With Outside PR
As lawsuits stemming from companies' COVID-19 responses grow and businesses hire public relations firms to manage the fallout, companies and their counsel should consider strategies to best protect themselves in court — and in the court of public opinion — without stepping on a privilege land mine, say Daniella Main and Mia Falzarano at Alston & Bird.