11th Circ. Upholds AIG's $1.8M Yacht Fire Coverage Loss
An AIG unit cannot recoup $1.8 million from a dock builder and electrical subcontractor in connection with payments it made to a Florida policyholder whose yacht caught fire while plugged into a recently const... (more story)
Auto Parts Co. Fights Bifurcation Bid In $50M Coverage Trial
An auto parts manufacturer urged a North Carolina federal court to reject an insurer's request to bifurcate an upcoming trial over claims the insurer improperly denied $50 million in coverage for COVID-19 pand... (more story)
Data Center Suits, Arbitrations Have Tripled In Last 5 Years
Major lawsuits and arbitrations against data centers across the world have tripled since 2021, with disputes largely focused on zoning and environmental issues, according to a Tuesday report by global insurance group Howden.
State Farm Spared Treble Damages In Policyholders' $38M Win
A Washington federal judge on Monday said policyholders failed to show they were entitled to enhanced damages after the court determined State Farm shorted them on payouts for totaled vehicles, finding class m... (more story)
State Farm Attorney Sanctioned $999.99 For AI Hallucinations
An attorney for State Farm who filed several motions citing nonexistent cases and fabricated quotes generated by AI software must pay a $999.99 sanction, a Los Angeles judge ruled, an amount one cent below the... (more story)
6 Major Insurance Bills On Newsom's Desk In Calif.
California lawmakers approved significant insurance bills in recent weeks, including legislation designed to establish standards for insurers handling smoke damage claims, increase claims handling transparency... (more story)
Insurance Litigation Week In Review
An AIG unit doesn’t owe $25 million for an oil and gas well explosion, a personal protective equipment manufacturer isn’t entitled to coverage for forever-chemical exposure claims, an insurer must cover four N... (more story)
Grand Canyon Flood Raises Coverage Questions
Robert F. Kethcart of Snell & Wilmer LLP spoke to Law360 Insurance Authority about the steps that business owners in and around the Grand Canyon should take following deadly flash flooding.
Real Estate Firm Says Insurers Owe $5.3M For Motel Damage
A pair of insurers under the Berkshire Hathaway Inc. and Munich Re umbrellas wrongly refused to cover over $5.3 million in damage to a motel that a real estate company purchased to convert into affordable hous... (more story)
Event Center Destroyed In Floyd Protests Beats Fraud Claims
A Minnesota event center did not conceal evidence or misrepresent facts in an effort to inflate its claimed vandalism losses from protests following the death of George Floyd, a federal jury recently found.