Federal Insurance Monitor In Crosshairs Amid Executive Cuts
Republicans on the state and federal level are targeting the U.S. Department of the Treasury's insurance monitor amid President Donald Trump's effort to drastically reduce the size of the federal workforce across many departments, putting the future of the monitor and its work in doubt.
Pricey Privacy Suits Prompt Insurers To Assess Coverage
The Sixth Circuit's ruling earlier this year that an electronic data exclusion in Home Depot's insurance policies barred coverage for a $50 million claim stemming from a 2014 data breach is the latest example of the potential cost of privacy litigation to policyholders — even those who believe they have ample coverage.
Fla. Coverage Bill Could Add Pressure To Struggling Condos
A Florida bill that would require condominium associations to comply with building safety laws or risk their last-resort insurance option is well-intentioned, but could result in a slew of negative consequences for condo owners, insurance experts say.
Federal Insurance Monitor In Crosshairs Amid Executive Cuts
Republicans on the state and federal level are targeting the U.S. Department of the Treasury's insurance monitor amid President Donald Trump's effort to drastically reduce the size of the federal workforce across many departments, putting the future of the monitor and its work in doubt.
Pricey Privacy Suits Prompt Insurers To Assess Coverage
The Sixth Circuit's ruling earlier this year that an electronic data exclusion in Home Depot's insurance policies barred coverage for a $50 million claim stemming from a 2014 data breach is the latest example of the potential cost of privacy litigation to policyholders — even those who believe they have ample coverage.
Fla. Coverage Bill Could Add Pressure To Struggling Condos
A Florida bill that would require condominium associations to comply with building safety laws or risk their last-resort insurance option is well-intentioned, but could result in a slew of negative consequences for condo owners, insurance experts say.
Expert Analysis
As the number of public and private lawsuits relating to greenwashing dramatically grows, risk managers of compani... (more story)
After the shooting of UnitedHealthcare CEO Brian Thompson laid bare deep-seated anti-corporate sentiments among th... (more story)
In a continuation of trends in property and casualty insurance class actions, last quarter insurers struggled with... (more story)
Property More
A New Orleans restaurant must litigate its hurricane damage claims against its insurer under New York law, a New York federal judge ruled Tuesday, rejecting the restaurant's position that Louisiana law must ap... (more story)
The Fourth Circuit on Monday reversed a lower court's ruling capping an aluminum supplier's total recovery for losses related to a fire at $10 million, saying a molten material endorsement in the company's all... (more story)
A Louisiana federal judge again refused to find that the insurer of a suburban New Orleans commercial property acted in bad faith in denying to cover $220,000 in damage Hurricane Ida allegedly caused in 2021.
A condo owners association told a Washington federal court that its insurer is deliberately delaying investigation and payment of its claim for over $2 million in hidden rain damage to its Seattle property, sa... (more story)
A New York federal judge ruled that an insurer doesn't have to cover a property owner and manager embroiled in a dispute with Vrbo tenants who fell through the balcony of a South Carolina condo, because the ow... (more story)
A Florida analysis showing that carriers in the state were reporting millions in income losses while affiliated companies were earning billions is helping to reveal a long-standing pattern of insurer misconduc... (more story)
A Ninth Circuit panel affirmed that a property owner could not litigate its insurer's failure to pay for losses before a required appraisal to resolve disagreements, highlighting the importance of appraisal pr... (more story)
General Liability More
The majority owner of a now-defunct North Carolina captive insurer wasn't personally obligated to pay premiums for nursing homes reportedly under his control, his counsel told a state court judge in seeking to... (more story)
The insurer for builders of a luxury mixed-use development in Oakland, California, must cover more than $10 million after a judgment was entered against the entities in an underlying suit brought by a property... (more story)
A Lyft Inc. driver who said he was severely injured in a head-on collision while completing a ride is accusing the ride-hailing giant and its insurer of failing to provide him up to $1 million in underinsured ... (more story)
An AIG unit can't rely on its policy's pollution exclusion to bar coverage for a Texas water utility accused of providing contaminated water to residents, the utility's other insurer told a federal court, sayi... (more story)
The Colorado Supreme Court will consider whether a pair of insurance companies can defeat a man's bad-faith lawsuit by arguing his failure to turn over medical information about a surgery before his auto accid... (more story)
A Washington federal judge said an insurer may still be liable for covering underlying claims of physical and sexual abuse against staff at a boarding school for troubled youth on the state's Cypress Island, b... (more story)
Specialty Lines More
Houston Casualty Co. said Tuesday that its liability insurance policy does not cover an underlying lawsuit accusing a Washington company that owns McDonald's franchises of violating the state's pay transparenc... (more story)
Former Marvel Entertainment Chair Ike Perlmutter has asked the Florida Supreme Court to revive his punitive damages claim against his neighbor in a dispute over a hate mail campaign, arguing that the appellate... (more story)
Several unlicensed individuals submitted hundreds of fraudulent charges for services provided to Geico-insured car accident victims, the insurer has alleged in New York federal court, claiming it lost more tha... (more story)
A yacht owner asked a Florida federal court to find its insurance broker owed over $1 million for negligence for failing to provide or explain its policy, after it was denied coverage for a total loss groundin... (more story)
A Delaware Superior Court judge ruled in companion cases that Shari Redstone, National Amusements Inc. and Viacom Inc. can still seek coverage for millions after underlying shareholder litigation in the wake o... (more story)
The announcement of a study looking into the creation of a state-sponsored fire insurance program in New Mexico outlined steps the state is taking toward enhancing its insurance market while underscoring the n... (more story)
A Texas bankruptcy judge Thursday approved the reorganization plan of Australia-based cobalt mining and refining group Jervois Mining Ltd., overruling a shareholder objection about the case's speed and U.S. ties.