Fire-Safe Rebuilding Key To Reducing LA Insurance Issues
Reducing the potential of fires like those in Los Angeles to disrupt insurance and housing markets will require a significant and sustained effort to lower physical risks in fire-prone communities, and a commitment to rebuilding to stronger standards.
Insured Atty Says Strike Trade Issues Need Special Coverage
Union leaders and management for ports and shipping companies reached a tentative deal to avoid a major strike, a close call that highlighted how losses from trade disruptions can fall through the cracks of standard insurance coverage. Stephen Raptis, a partner at Reed Smith LLP's insurance recovery practice, spoke to Law360 about the kinds of losses that can result from a strike-induced supply chain disruption, where the usual coverage options fall short and what policyholders in the maritime trade can do to minimize their risks.
Home Depot's 6th Circ. Loss Reveals Cyber Coverage Gaps
The Sixth Circuit's finding that an electronic data exclusion in Home Depot's insurance policies barred coverage for a $50 million claim stemming from a 2014 data breach marks an important distinction in litigation over whether multiple types of policies can cover the same loss, experts say.
Fire-Safe Rebuilding Key To Reducing LA Insurance Issues
Reducing the potential of fires like those in Los Angeles to disrupt insurance and housing markets will require a significant and sustained effort to lower physical risks in fire-prone communities, and a commitment to rebuilding to stronger standards.
Insured Atty Says Strike Trade Issues Need Special Coverage
Union leaders and management for ports and shipping companies reached a tentative deal to avoid a major strike, a close call that highlighted how losses from trade disruptions can fall through the cracks of standard insurance coverage. Stephen Raptis, a partner at Reed Smith LLP's insurance recovery practice, spoke to Law360 about the kinds of losses that can result from a strike-induced supply chain disruption, where the usual coverage options fall short and what policyholders in the maritime trade can do to minimize their risks.
Home Depot's 6th Circ. Loss Reveals Cyber Coverage Gaps
The Sixth Circuit's finding that an electronic data exclusion in Home Depot's insurance policies barred coverage for a $50 million claim stemming from a 2014 data breach marks an important distinction in litigation over whether multiple types of policies can cover the same loss, experts say.
Expert Analysis
A recent private plane crash in California that killed two people and injured 19 others spotlights the dangers of ... (more story)
This year is likely to bring with it some thorny and expensive cyber challenges, including increased ransomware ac... (more story)
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As conspiracy theories continue to proliferate and gain traction in the U.S., defense attorneys will need to consi... (more story)
Property More
A Sunshine State condo association told a Florida federal court Friday that its insurer failed to pay its $9.5 million claim for damages sustained as a result of Hurricane Ian, alleging the insurer didn't meet... (more story)
A Georgia property owner accused its insurer, a Nationwide unit, of "grossly underestimating" damages from separate hail and water events, alleging it was offered a combined total of less than $8,000 for losse... (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)
General Motors and OnStar agreed to a five-year ban on disclosing geolocation and driver behavior data to consumer reporting agencies to resolve the Federal Trade Commission's allegations that the companies di... (more story)
The Sixth Circuit declined Thursday to revisit a decision finding the research group for Mercedes-Benz North America could be liable for over $1 million in property damage following a fire its employees set in... (more story)
Allstate illegally obtained the personal driving data of millions of policyholders via software embedded in third-party apps and secretly used that data to hike premiums, deny claims or drop policyholders from... (more story)
The Sixth Circuit backed Home Depot’s loss in its $50 million data breach coverage fight, the U.S. Supreme Court refused to hear a California farming partnership’s crop coverage dispute, and the Fourth Circuit... (more story)
General Liability More
An insurer for a property management company said another carrier must contribute to the defense of an underlying suit accusing the company of failing to maintain a mobile home park, telling a California feder... (more story)
Atain Specialty Insurance Co. must reimburse Liberty Mutual Insurance Co. for the $1 million appeal bond Liberty issued to an Atain insured that ultimately lost its appeal in an underlying suit, the Fourth Cir... (more story)
A North Carolina state court issued a discovery decision in a dispute between grocery chain Harris Teeter Supermarkets Inc. and a slew of its insurers over coverage for about 100 lawsuits seeking damages relat... (more story)
A Maryland federal court agreed Tuesday to continue pausing a dispute between Lockheed Martin Corp. and a CNA Financial unit over coverage for lawsuits accusing the aerospace and defense giant of environmental... (more story)
An Illinois federal judge dismissed a proposed class action complaint Monday accusing State Farm of improperly sharing personal health information with a consortium of other insurers that allowed them to raise... (more story)
A Washington federal judge on Friday dismissed child sex abuse survivors' claims against excess insurers of a boys foster home run by Kiwanis International, calling the plaintiffs' demands for coverage of a $2... (more story)
Specialty Lines More
A benefits-focused employer trade group sued the U.S. Department of Labor and other federal agencies in D.C. federal court Friday, seeking to block recently finalized mental health parity regulations the group... (more story)
Cadwalader Wickersham & Taft LLP has accused a Lloyd's of London syndicate of attempting to "embarrass" the firm by publicly revealing the firm's data breach recoveries amid the insurer's bid to toss a coverag... (more story)
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)
Montoux, a New Zealand-based provider of actuarial software, has hired lawyers from Young Conaway Stargatt & Taylor LLP to help secure U.S. recognition of a liquidation process the company launched in its home country.
A proposed class of Symetra policyholders asked a Washington federal court to preliminarily approve a $32.5 million deal to resolve a suit alleging that the insurer overcharged them for life insurance, saying ... (more story)
A Chubb unit said it no longer owes coverage to a bar appealing a $105 million judgment related to a drunken patron's car crash, telling a Texas federal court the bar violated the terms of the policy by refusi... (more story)
The Sixth Circuit affirmed Monday a finding that an electronic-data exclusion provision in Home Depot Inc.'s commercial general liability excess policies with Steadfast Insurance Co. and Great American Assuran... (more story)