Property

  • 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."

  • September 09, 2021

    NY AG Goes After No-Poach Pacts In Title Insurance Industry

    New York Attorney General Letitia James reached a deal Thursday with Old Republic National Title Insurance Co. that requires the company to stop agreeing with independent insurance agencies to not hire workers from one another and obligating it to cooperate with an ongoing probe of the industry.

  • September 09, 2021

    Golden Corral Served Defeat In COVID-19 Coverage Dispute

    The Golden Corral restaurant chain lost its suit seeking pandemic-related insurance coverage after a North Carolina federal judge ruled that the chain didn't show it suffered the kind of physical loss or damage required for coverage under its $50 million policy with a Chubb unit.

  • September 08, 2021

    Report Shows Staffing Fluctuations At State Insurance Depts.

    Staff counts at some state insurance agencies have fluctuated dramatically since 2016, according to data published Wednesday by the National Association of Insurance Commissioners, despite only a modest overall staff increase in the last year.

  • September 08, 2021

    La. Commissioner Slams State Farm For Refusing Ida Costs

    Louisiana Insurance Commissioner Jim Donelon called out State Farm Insurance Co. on Wednesday, saying he felt "great surprise and disappointment" that the insurer declined his request to compensate policyholders for Hurricane Ida-related evacuation expenses.

  • September 08, 2021

    Insurers Prevail In 4 COVID-19 Coverage Suits In Oregon

    An Oregon federal judge dealt a blow to four businesses leading proposed class actions over their insurers' denial of claims for losses caused by the COVID-19 pandemic, finding the policyholders' properties did not suffer physical damage from government shutdown orders.

  • September 08, 2021

    Orthopedic Clinics Demand COVID Coverage From Zurich

    A group of orthopedic clinics on the East Coast has demanded that Zurich American Insurance cover the clinics' COVID-19 related business losses, arguing that the group's commercial policy contains coverages for shutdowns related to "microorganisms."

  • September 08, 2021

    Reinsurers See Capital Stores Rise In 2021, Brokerage Reports

    The global reinsurance industry grew its capital stores and saw a positive return on equity in the first half of 2021, reinsurance broker Willis Re said in a report Wednesday that attributed much of the growth to increases in net income and smaller returns to shareholders.

  • September 08, 2021

    Hotel Owner Gets Glimmer Of Hope In Virus Coverage Fight

    Zurich American Insurance Co. escaped most coverage for losses caused by the COVID-19 pandemic to a group of hotels across the country, but a Connecticut state judge, in an analogy-filled ruling, allowed the owner to proceed with claims regarding its Louisiana property.

  • September 08, 2021

    Restaurants Say Erie's Coordination Plan Unfair To Plaintiffs

    Erie Insurance Exchange and a pair of Pittsburgh restaurants seeking COVID-19 coverage have both opposed a Pennsylvania Superior Court ruling overturning the coordination of similar cases in Allegheny County, but the restaurants say Erie's proposal for reargument would give defendants the power to control whether cases get grouped together.

  • September 07, 2021

    Cincinnati Can't Shake Virus Coverage Suit, Restaurant Says

    A Scranton-area restaurant urged a Pennsylvania federal judge Tuesday not to dismiss its pandemic coverage suit, saying it properly alleged physical losses that would qualify it for coverage under its policy with the Cincinnati Casualty Co.

  • September 07, 2021

    Global P&C Premiums To Double By 2040, Report Says

    While property and casualty insurance premiums are expected to more than double by 2040, more of the P&C business will be concentrated in riskier lines of insurance, such as property coverage, according to a new report from the Swiss Re Institute.

  • September 07, 2021

    Chicago Eateries Hit 15 Insurers With Pandemic Loss Suit

    A group of Chicago-area restaurants are bringing their insurers to state court for coverage of losses they sustained as a result of government pandemic restrictions that they say caused the physical damage required for coverage under their policies.

Can't find the article you're looking for? Click here to search the Insurance Authority Property archive.