SL Policyholders Gifted Court, Underwriting Wins In 2024
The past year was one filled with gifts to specialty lines policyholders, including favorable court rulings on key coverage issues and easing cyberinsurance markets to give policyholders more predictability and clarity after years of volatility.
UN Insurer Climate Risk Report Is Light On Details, Pros Say
A recent United Nations guide advising insurers on how they should plan for the risks associated with climate change offers a broad-level view of ways carriers can support net-zero goals, but experts say more detail is warranted for forthcoming reports.
Insurance Pros Are Grateful For These CGL Rulings This Year
Policyholder and insurer attorneys are thankful this holiday season for favorable rulings in a variety of commercial general liability disputes ranging from construction defect litigation to biometric privacy litigation, as well as for the opportunity to teach budding attorneys.
SL Policyholders Gifted Court, Underwriting Wins In 2024
The past year was one filled with gifts to specialty lines policyholders, including favorable court rulings on key coverage issues and easing cyberinsurance markets to give policyholders more predictability and clarity after years of volatility.
UN Insurer Climate Risk Report Is Light On Details, Pros Say
A recent United Nations guide advising insurers on how they should plan for the risks associated with climate change offers a broad-level view of ways carriers can support net-zero goals, but experts say more detail is warranted for forthcoming reports.
Insurance Pros Are Grateful For These CGL Rulings This Year
Policyholder and insurer attorneys are thankful this holiday season for favorable rulings in a variety of commercial general liability disputes ranging from construction defect litigation to biometric privacy litigation, as well as for the opportunity to teach budding attorneys.
Expert Analysis
The Office of Foreign Assets Control's recently expanded insurance FAQs clarify how OFAC views insurance policies ... (more story)
The Nevada Supreme Court's recent decision to hear North River Insurance v. James River Insurance could expand the... (more story)
In response to businesses' economic challenges during the pandemic, New York recently allowed the issuance of stan... (more story)
Property More
California insurance regulators heard consumer concerns over high premiums during a public hearing Thursday as advocacy groups and insurance industry lobbyists offered thoughts on a proposal to allow insurers ... (more story)
In a year filled with property insurance challenges ranging from rising rates to limited availability, some policyholders saw gains in favorable state high court decisions, easing regulatory landscapes and ins... (more story)
United Fire & Casualty Co. reached a settlement in its $1.7 million suit against a Texas sign-making company, resolving its bid to recover funds paid to a bed and breakfast after a fluorescent sign caught fire... (more story)
The Delaware Supreme Court will review 3M's bid for coverage in multidistrict litigation over defective earplugs, a California state appeals court relieved an insurer of covering a spa owner in an underlying s... (more story)
The insurer of a Las Vegas hotel and casino did not breach its contract when it denied the resort's request for COVID-19 coverage, a Nevada federal court ruled, finding that a previous order conflicts with a s... (more story)
The U.S. property and casualty insurance market recorded a $4.1 billion net underwriting gain in the first nine months of 2024, according to a report issued Wednesday by global credit rating agency AM Best, wh... (more story)
A California homeowner who alleged that an agent underinsured her scorched $3 million Malibu home cannot blame Farmers Insurance, a state appeals court affirmed, finding in a published opinion that the agent a... (more story)
General Liability More
An insurer told a Puerto Rico federal court that a lying and unlicensed adjuster and his company illegally stepped into a dispute with its insured, costing the carrier at least $800,000 while trying to compens... (more story)
A group of Hartford units told an Ohio federal court Wednesday they owe no coverage to Procter & Gamble Co. for three underlying lawsuits accusing the company of contaminating groundwater in New York, and for ... (more story)
A CNA unit providing commercial insurance to a massage spa owed no defense to its owner and manager against claims the owner sexually assaulted three women, a California state appeals court ruled, in a case of... (more story)
An insurer told a Washington federal court that a Liberty Mutual subsidiary must contribute to a settlement reached by their mutual insured, a "take 'n' bake" pizza restaurant, arising out of allegations that ... (more story)
A Washington appellate court has upheld about $500,000 in sanctions against an equipment manufacturer and its former counsel, Sinars Slowikowski Tomaska LLP, for failing to disclose information in a dispute ov... (more story)
An AIG unit asked a New York federal court to force another insurer to cover at least part of the $2.9 million it spent settling two construction injury suits after ironworkers fell off ladders while building ... (more story)
Specialty Lines More
Another group of insurers has accused one of China's largest banks of participating in a "multi-billion-dollar fraud" in the reinsurance market, telling a New York federal court Thursday that the bank, includi... (more story)
The Eleventh Circuit won't reconsider its decision to let John Hancock Life Insurance Co. keep $100 million in foreign tax credits, leaving in place its October ruling against a Florida law firm retirement plan's trustees.
OpenText told a Michigan federal court it should be dismissed from an insurer's suit seeking to avoid coverage of a class action from former Covisint shareholders alleging an unfair merger, saying it's not inv... (more story)
A proposed class of Airbnb customers permanently dropped a suit accusing two of the company's insurance providers of violating Washington state law by charging an "assistance fee" when selling travel coverage.
The Florida Supreme Court agreed Tuesday to take up the question of whether former Marvel Entertainment chair Ike Perlmutter can request punitive damages in a case against his neighbor in a long-running defama... (more story)
An insurance company and two executives issued bogus insurance policies purporting to offer over $250 million in coverage to companies and homeowners, according to an indictment announced by the Manhattan dist... (more story)
An Illinois state appeals court held that two Liberty Mutual units didn't owe coverage to a policyholder for an underlying class action alleging violations of the state's Biometric Information Privacy Act, rev... (more story)