Concerns Remain Over Pricing In Final Calif. Insurance Rule
Insurers in California will be able to price policies using catastrophe models meant to predict future climate risks, but they must adhere to one of several options for increasing coverage availability, under a final rule that has left lingering concerns. Here, Law360 provides a background and overview of the regulation on catastrophe modeling and ratemaking.
Trump Win Injects Uncertainty Into Volatile Cyber Market
President-elect Donald Trump's promises to pursue broad deregulation and realign the nation's geopolitical priorities add uncertainty into an already volatile cyberinsurance market, one in which threats have evolved substantially since his first term.
4 Federal Agencies Insurance Attys Must Watch Under Trump
As President-elect Donald Trump continues to build a cabinet for his second term in office, federal agencies are preparing for a transition to an administration that will de-emphasize regulation, which could result in fewer claims for insurers and more transactions for corporate policyholders, experts say. Here, Law360 takes a look at four federal agencies ripe for change that may have a ripple effect on insurance.
Concerns Remain Over Pricing In Final Calif. Insurance Rule
Insurers in California will be able to price policies using catastrophe models meant to predict future climate risks, but they must adhere to one of several options for increasing coverage availability, under a final rule that has left lingering concerns. Here, Law360 provides a background and overview of the regulation on catastrophe modeling and ratemaking.
Trump Win Injects Uncertainty Into Volatile Cyber Market
President-elect Donald Trump's promises to pursue broad deregulation and realign the nation's geopolitical priorities add uncertainty into an already volatile cyberinsurance market, one in which threats have evolved substantially since his first term.
4 Federal Agencies Insurance Attys Must Watch Under Trump
As President-elect Donald Trump continues to build a cabinet for his second term in office, federal agencies are preparing for a transition to an administration that will de-emphasize regulation, which could result in fewer claims for insurers and more transactions for corporate policyholders, experts say. Here, Law360 takes a look at four federal agencies ripe for change that may have a ripple effect on insurance.
Expert Analysis
The recent increase in regulatory enforcement and securities class actions stemming from corporate use of artifici... (more story)
Court reporter Kelly D’Amico shares practical strategies for attorneys to conduct remote depositions with ease and... (more story)
In a case involving property insurance for hurricane damage, a Florida federal court recently enforced policy limi... (more story)
Property More
Zurich American has permanently defeated Burlington Stores' COVID-19 pandemic coverage suit after a New Jersey federal judge said the retailer's attempt to use "clever semantics to avoid dismissal" failed to d... (more story)
The owner of a historic marketplace in the U.S. Virgin Islands, which accused certain underwriters at Lloyd's of London of denying more than $6 million in claims after an Independence Day fire, agreed to drop ... (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)
A New Orleans property owner has again urged a Louisiana federal judge to overturn his order forcing it to arbitrate a $7 million Hurricane Ida damage claim with 11 insurers for a block of luxury apartments an... (more story)
New York's financial services regulator and attorney general revealed Monday that they've hit Geico and Travelers with $11.3 million in penalties for the auto insurers' alleged failure to adequately secure dri... (more story)
The Ninth Circuit backed the dismissal of a Seattle convention center operator's suit seeking coverage for pandemic-related losses, saying Monday that COVID-19 and resulting government shutdown orders did not ... (more story)
An insurer for a Washington condominium association told a federal court that a property management services company must reimburse the carrier for nearly $250,000 its insured lost after cybercriminals alleged... (more story)
General Liability More
An insurer said it has no duty to defend or indemnify a drywall company accused of negligently hiring a man who murdered a house cleaner in a home he was working on in Galveston County, telling a Texas federal... (more story)
A pending Pennsylvania Supreme Court case over Uber's so-called click-through arbitration agreements and a $141.5 million trucking crash verdict out of Florida lead Law360's Tort Report, which compiles recent ... (more story)
A general liability insurer told a Michigan federal court that a professional liability insurer owes $1.2 million toward a $1.5 million settlement reached in an underlying lawsuit involving their mutual insure... (more story)
An architectural design firm's commercial general liability insurer must defend it and its owner against faulty work claims seeking more than $3.4 million in damages, the Seventh Circuit ruled, after the Illin... (more story)
Specialty chemical company Clariant Corp. is suing five of its insurers in the North Carolina Business Court seeking defense costs in a host of underlying mass tort lawsuits over forever chemicals found in fir... (more story)
The Ninth Circuit upheld an insurer's favorable ruling Monday in its legal dispute with actress Amber Heard, affirming that she had no right to independent counsel paid for by New York Marine and General Insur... (more story)
Specialty Lines More
An Illinois federal judge ruled Tuesday that an AIG subsidiary has a duty to defend a Burger King franchisee in a suit brought by employees claiming its timekeeping practices violated Illinois' biometric priva... (more story)
A lender assigned insurance rights by an underlying defendant as part of a $1 million settlement told a Florida federal court that it is still owed the defendant's $1 million limit even though the defendant's ... (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)
A collections company that was assigned insurance rights as part of settled, underlying litigation concerning a real estate development in Washington state told a federal court it's entitled to over $4.4 milli... (more story)
A construction company told an Alaska federal court that a Travelers unit acted in bad faith by refusing to provide directors and officers coverage for an email spoofing scheme that caused the company to wire ... (more story)
A South Carolina federal court tossed BASF Corp.'s suit seeking coverage for thousands of underlying allegations that the chemical manufacturer's firefighting foam caused pollution and injury, finding Friday t... (more story)
A recent Sixth Circuit ruling that handed a worker a new shot at long-term disability benefits gives a boost to plaintiffs battling caps on coverage for mental health conditions, attorneys say. Here, Law360 lo... (more story)