Former Counsel To Calif. Insurance Chief Talks Reform Push
California insurance regulators worked under immense pressure to improve homeowners insurance availability amid tight regulatory constraints and major climate disasters. Hinshaw & Culbertson's Lucy Wang, the former special counsel to the state's insurance commissioner, spoke with Law360 about the challenges of such an overhaul and about what's to come for the next commissioner.
Insurance Remains Steadfast Amid ESG Regs, Litigation
Insurance coverage for claims related to environmental, social and governance programs remains a bright spot for insurance experts, who say the policies have largely held up to continued challenges from regulators and shareholders.
Meta Faces Steep Coverage Test For Verdicts After Del. Ruling
Jury verdicts that Meta harmed young peoples' mental health will add a significant cost dimension to insurance coverage disputes over such cases. A Delaware finding that Meta isn't covered for certain underlying claims will likely keep insurers from making payments.
Former Counsel To Calif. Insurance Chief Talks Reform Push
California insurance regulators worked under immense pressure to improve homeowners insurance availability amid tight regulatory constraints and major climate disasters. Hinshaw & Culbertson's Lucy Wang, the former special counsel to the state's insurance commissioner, spoke with Law360 about the challenges of such an overhaul and about what's to come for the next commissioner.
Insurance Remains Steadfast Amid ESG Regs, Litigation
Insurance coverage for claims related to environmental, social and governance programs remains a bright spot for insurance experts, who say the policies have largely held up to continued challenges from regulators and shareholders.
Meta Faces Steep Coverage Test For Verdicts After Del. Ruling
Jury verdicts that Meta harmed young peoples' mental health will add a significant cost dimension to insurance coverage disputes over such cases. A Delaware finding that Meta isn't covered for certain underlying claims will likely keep insurers from making payments.
Expert Analysis
The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's... (more story)
In rehearing Clippinger v. State Farm, the Sixth Circuit can align itself with the recent drumbeat of other circui... (more story)
The recent Delaware Supreme Court ruling in Travelers v. Blackbaud shows that cyberinsurance is moving into a seco... (more story)
Property More
The Pennsylvania Supreme Court clarified workers compensation notice requirements for sole proprietors, State Farm policyholders received initial approval of a $15.6 million deal settling their totaled car pay... (more story)
An auto parts manufacturer accused an insurer of distorting evidence of COVID-19 at its plants and contradicting policy language in order to escape its $50 million bid for coverage of pandemic-related losses i... (more story)
A Florida state appellate panel on Wednesday revived a condominium association's suit challenging an insurer's coverage denial for Hurricane Irma damage, finding that the trial court wrongly disregarded allega... (more story)
An Irish reinsurer has to pay only a $1.62 million arbitral award issued to Tyson Foods for a fire at a Tyson plant in Alabama, a New York federal court said, ruling against Tyson's request for a $22.5 million payout.
A D.C. federal judge declined to grant a preliminary injunction to a shareholder advocacy group suing Chubb for excluding its climate-related proposal from Chubb's yearly proxy materials, ruling Tuesday it has... (more story)
An insurer doesn't owe additional coverage to the owner of a vacant church building beyond the $875,000 it already paid for a 2021 arson fire, a Missouri federal court ruled Tuesday, finding that the owner mat... (more story)
An Illinois federal court refused to certify a class of State Farm policyholders who accused the insurer of systematically undervaluing claims for totaled vehicles by applying a so-called typical negotiation a... (more story)
The trade organization American Property Casualty Insurance Association is urging North Carolina's justices to reverse an order adverse to a pair of insurers in a $50 million COVID-19 coverage fight, arguing i... (more story)
A federal judge in the U.S. Virgin Islands has sent back to territorial court an ophthalmology clinic's lawsuit seeking punitive damages from its insurers that allegedly underpaid claims resulting from Hurrica... (more story)
State Farm policyholders scored preliminary approval of a $15.6 million settlement in Arkansas federal court Friday, resolving claims the insurer systematically undervalued totaled vehicles, almost a year afte... (more story)
General Liability More
An insurance company that is a unit of Berkshire Hathaway had an obligation to defend Trulieve Inc. against a Massachusetts wrongful death lawsuit brought by the family of a cannabis worker, a Florida federal ... (more story)
An insurance company has reached a deal with two Washington smoke shops to end a dispute in which the insurer argued its policies did not cover defending retailers in a suit by a father who claims they sold kr... (more story)
A Travelers unit recklessly disregarded its insured's interests in litigation that resulted in a $241 million verdict in favor of the family of a man who died while transporting dry ice for a Prairie Farms sub... (more story)
Pennsylvania National Mutual Casualty Insurance Co. has no obligation to cover a $2.2 million judgment won by a man alleging he was exposed to lead-based paint at a Baltimore property where he resided when he ... (more story)
An Illinois federal judge on Friday rejected an insurer's bid for summary judgment in a suit seeking coverage for a $20 million settlement of biometric privacy claims, saying disputes remain over whether it wa... (more story)
Four Nationwide units have no duty to defend a marker manufacturer in an underlying suit by a competitor alleging it colluded with former employees to use trade secrets and other proprietary information, a Pen... (more story)
An insurer has no duty to defend a home goods retailer accused of using another company's trademark in its online advertising and marketing, an Illinois federal court ruled, finding that the underlying suit do... (more story)
Former Timeshare Exit Team customers who claim the now defunct firm's insurers failed to defend it from a consumer protection class action that yielded a $630 million deal have suggested that a Seattle federal... (more story)
A Berkshire Hathaway unit serving as primary insurer for a commercial property owner can't escape an excess insurer's allegations that it mismanaged settlement discussions preceding and following a $3 million ... (more story)
Tata Consultancy Services Ltd. has asked the U.S. Supreme Court to review a Fifth Circuit ruling that upheld a $168 million judgment in a trade secret case, arguing the decision allowed an unjust enrichment aw... (more story)
Specialty Lines More
Two cyber insurers don't owe coverage to a Mississippi law firm after a fraudster used a false identity to hoodwink the firm out of more than $158,000 by procuring legal services to secure an owed debt that tu... (more story)
The New Jersey Supreme Court on Tuesday appeared skeptical that a TJX Cos. employee can recover up to the full $2 million limit in his employer's auto policy with Zurich American Insurance Co., rather than its... (more story)
A Liberty Mutual unit accused Yale University's health system of making "serious and material misstatements" about a plan member's bone marrow transplant, the insurer said in its answer and counterclaim for a ... (more story)
A lawyer told Florida jurors in a federal trial Monday that an AIG unit owes him more than $1 million in costs for defending a sports memorabilia company's former CEO against securities violations, saying the ... (more story)
The near-future depicted in the film “Mercy” reminds attorneys that private surveillance networks are becoming central to the evidentiary ecosystem, shaping what prosecutors can obtain, what defendants must ex... (more story)
The U.S. Supreme Court refused to review an insurer's management fee dispute, a Colorado court makes a call on the complete defense rule, and an Ohio court finding on defense of trafficking suits. Law360 has t... (more story)
Courtney C. T. Horrigan of Reed Smith LLP spoke to Law360 Insurance Authority about the effectiveness of confidentiality agreements as a safeguard for both insureds and carriers and the need for vigilance with... (more story)
A professional liability insurer for a law firm owes no coverage for a suit against the firm's named partner alleging he coordinated with his wife to steal trade secrets from a corporate client where his wife ... (more story)
An insurer does not owe coverage in an antitrust suit accusing a pharmaceutical company of suppressing generic versions of the Parkinson's treatment Apokyn, a Maryland federal judge ruled, finding the dispute ... (more story)
Fact and expert witnesses now have immediate access to artificial intelligence systems capable of simulating deposition questioning, recommending answers and more, but this preparation occurs privately, invisi... (more story)