Crypto Boon Boosts Hopes For Improving Insurance Options
Cryptocurrencies and digital assets have experienced a recent boon buoyed by a favorable shift in the regulatory environment, prompting more insurers to engage with what was once widely viewed as a volatile and insecure asset class.
NY Ghost Gun Win Adds To Concerns Of CGL Policy Breadth
A New York federal court's ruling that an AIG unit isn't obligated to defend a Washington state firearms retailer accused of knowingly selling unfinished components that could be used to assemble "ghost guns" underscored policyholder attorneys' concerns that commercial general liability coverage continues to narrow, as insurers tally another win in a dispute over intentional conduct.
Insurance Pros Size Up Major Industry Risks At NYC Forum
The influence of litigation financing, artificial intelligence and climate change on insurance law were among key topics this week as insurance experts discussed the biggest risks in the property and casualty space. Here, Law360 breaks down highlights of remarks by attorneys and industry experts at the Practising Law Institute in New York.
Crypto Boon Boosts Hopes For Improving Insurance Options
Cryptocurrencies and digital assets have experienced a recent boon buoyed by a favorable shift in the regulatory environment, prompting more insurers to engage with what was once widely viewed as a volatile and insecure asset class.
NY Ghost Gun Win Adds To Concerns Of CGL Policy Breadth
A New York federal court's ruling that an AIG unit isn't obligated to defend a Washington state firearms retailer accused of knowingly selling unfinished components that could be used to assemble "ghost guns" underscored policyholder attorneys' concerns that commercial general liability coverage continues to narrow, as insurers tally another win in a dispute over intentional conduct.
Insurance Pros Size Up Major Industry Risks At NYC Forum
The influence of litigation financing, artificial intelligence and climate change on insurance law were among key topics this week as insurance experts discussed the biggest risks in the property and casualty space. Here, Law360 breaks down highlights of remarks by attorneys and industry experts at the Practising Law Institute in New York.
Expert Analysis
Litigation counsel often reject the notion of designating in-house personnel to provide expert opinion testimony a... (more story)
As the first quarter of 2025 draws to a close, important changes to the Federal Rules of Evidence regarding the us... (more story)
As highlighted by a California Department of Insurance bulletin clarifying the effect of two recent decisions on i... (more story)
Property More
A group of leading insurance industry regulatory and policy experts convened in Washington, D.C., on Thursday, expressing a need for greater collaboration and resources in order to quickly scale up eco-friendl... (more story)
An insurer for a Hardee's restaurant can't revive its subrogation suit over a 2019 fire after it accidentally misnamed itself in the complaint, the North Carolina Court of Appeals has ruled, finding the incorr... (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.
An AIG unit needn't defend a firearms retailer accused of contributing to gun violence by selling "ghost gun" components, another AIG insurer doesn't owe coverage for a tribe's COVID-19-related losses and a cl... (more story)
Liability premiums continue to rise as a result of insurers' escalating loss trends, according to insurance broker Lockton's quarterly market update, and as social inflation continues to impact the United Stat... (more story)
An insurance company told the Florida Supreme Court on Wednesday that a Miami condominium's reopened claim for damage caused by Hurricane Irma wasn't sufficient to trigger a supplemental claim, arguing that st... (more story)
A vacation rental company may be entitled to coverage for pandemic-related losses from one insurer, a Missouri intermediate appellate court held, finding that an exception conflicting with an exclusion created... (more story)
General Liability More
A Texas state appeals court reversed a $25 million judgment for Exxon Mobil on Thursday, finding that because of a policy exclusion, the company's excess insurer did not have to cover it in connection with a $... (more story)
Insurance company Argonaut said in a federal court complaint Wednesday that it shouldn't have to pay to defend Ann Arbor, Michigan, in a lawsuit alleging that the city's decades-old stormwater drainage charges... (more story)
An insurance company has sued in California federal court to avoid covering any legal fees or potential settlements a Georgia-based countertop manufacturer might face from the more than 100 lawsuits filed by w... (more story)
A man shot during an armed robbery at a convenience store isn't owed the full $1 million limit toward an underlying $1.5 million consent judgment he reached against the property owner, a Berkshire Hathaway uni... (more story)
The Michigan Supreme Court ruled Tuesday that an element of no-fault reforms pausing the one-year rule for recovery of personal injury protection benefits until an insurer formally issues a denial is not retro... (more story)
Two excess insurers for a drywall company have no duty to reimburse another excess insurer for payments it made to settle two asbestos injury lawsuits, a Texas federal court ruled, finding those lawsuits didn'... (more story)
Specialty Lines More
An insurer for a waterproofing consultant and architecture firm said its policy's $2 million aggregate limit does not apply to a condo association's underlying construction defect claims, telling a Florida fed... (more story)
A law firm accused by a Florida state judge of causing her emotional distress via blackmail is suing its insurer, alleging the insurer underpaid the firm's defense counsel by nearly $600,000 in connection with... (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)
An insurer said it is not obligated to contribute to a $9 million settlement in a shareholder class action stemming from Covisint's 2017 merger with software company OpenText, telling a Michigan federal court ... (more story)
Sandwich chain owner Potbelly Inc. told a Washington state court that its insurer wrongly refused to cover it in a proposed underlying class action alleging the business violated Washington's wage transparency... (more story)
A Maryland federal court tossed an education management company's suit seeking excess coverage for over $2.2 million in employee embezzlement losses, saying the company failed to show its loss occurred during ... (more story)
An insurer for an aerospace products manufacturer can't escape claims that it wrongfully denied coverage of an approximately $3.3 million loss from fund mismanagement after years of delay, an Oregon federal court ruled.