NY Auto Rate Plan Better For Session, Not Budget, Experts Say
New York's budget is stalled in part by Gov. Kathy Hochul's push to change auto insurance laws. Experts are split on whether her proposed comparative fault system would work or even belongs in the budget.
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.
NY Auto Rate Plan Better For Session, Not Budget, Experts Say
New York's budget is stalled in part by Gov. Kathy Hochul's push to change auto insurance laws. Experts are split on whether her proposed comparative fault system would work or even belongs in the budget.
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.
Expert Analysis
In Montgomery v. Caribe Transport, the U.S. Supreme Court must resolve an urgent question: whether freight broker ... (more story)
A Florida bill recently passed by the Legislature as part of a continued effort to depopulate Citizens Property In... (more story)
In FedEx v. National Union Fire Insurance, a Pennsylvania state court recently set forth a clear holding that poli... (more story)
Property More
A request from former Timeshare Exit Team customers for a federal court to certify questions about a $630 million deal presents an opportunity for a state high court to look at an 11-month defense delay. Carri... (more story)
An insurer didn't owe coverage to the owners of a farm in a carbon monoxide injury suit, an Allied World unit had a duty to defend a substance abuse treatment facility in a sexual misconduct case, and another ... (more story)
The Fifth Circuit revived a suit by an insurer's owner alleging that its broker failed to administer its reinsurance program properly, leading to over $100 million in losses when it discovered the program lack... (more story)
A Michigan federal judge on Tuesday heard arguments on whether to dismiss American Select Insurance Co.'s suit alleging faulty Great Lakes Water Authority pumps were responsible for extreme flooding in Detroit... (more story)
An Eighth Circuit panel on Tuesday backed an insurer's win in a coverage dispute over a man's alleged injuries from carbon monoxide exposure, finding it did not need a North Dakota high court's input to determ... (more story)
Insurers have no basis to rescind a $75 million policy issued to a tobacco company alleging it was wrongly denied coverage for $89 million worth of aging tobacco inventory that was destroyed in a tornado, the ... (more story)
Insurers are likely to run again into the thorny question of whether aircraft grounded amid airport closures in the Middle East are already within the "grip of the peril" if leasing companies make claims for d... (more story)
Two certified classes of State Farm auto insurance policyholders kicked off a bench trial Monday on the question of damages owed after a Washington federal judge found the insurer had shortchanged policyholder... (more story)
A pair of insurers can't keep confidential the amount they received to resolve their coverage claims against a security company, a North Carolina federal court ruled, saying the insurers failed to overcome the... (more story)
Allstate voluntarily dropped DoorDash from its Washington federal suit seeking a judgment that it has no duty to defend a delivery driver facing allegations he killed another man in a road rage incident, leavi... (more story)
General Liability More
A Munich Re unit said an Oklahoma-based law firm is to blame for a $92 million judgment entered against it in a coverage dispute over an apartment fire, telling a federal court Thursday that its attorney faile... (more story)
National Liability & Fire Insurance doesn't have to insure a Texas law firm for claims it fraudulently dispersed nearly $2 million of a safety equipment company's money for COVID-19 tests, a Pennsylvania judge... (more story)
A Washington federal judge rejected an insurer's request to reconsider a summary judgment ruling that the carrier breached its duty to defend a now-defunct timeshare exit company, stating that the carrier fail... (more story)
Former Yale Law School dean of students Natalia Martin has ended a lawsuit questioning whether Integon National Insurance Co. could be held responsible for portions of a $5 million settlement with a driver who... (more story)
Six major American insurers will join Chubb in providing $20 billion for the U.S. International Development Finance Corp.'s initiative to restore maritime trade in the Gulf region amid the Iran war, doubling t... (more story)
A Florida state appellate panel struck down an order allowing Progressive to compel testimony from a personal injury attorney on whether her client was willing to settle a coverage dispute within its policy li... (more story)
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)
The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's view that when market conditions materially change, valuation methodologies must be reassessed... (more story)
Specialty Lines More
A Florida federal jury awarded $110,000 in damages to an attorney who said an AIG unit refused to pay costs while defending a sports memorabilia company's former CEO against securities violations after the ins... (more story)
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A wholesaler of electronic cigarette products is owed nearly $5 million in coverage for a warehouse fire that destroyed its inventory, it told an Illinois federal court, saying its insurer has wrongfully refus... (more story)
The Pennsylvania Supreme Court clarified workers compensation notice requirements for sole proprietors and State Farm policyholders received initial approval of a $15.6 million deal settling their totaled car ... (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)
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 recent Delaware Supreme Court ruling in Travelers v. Blackbaud shows that cyberinsurance is moving into a second maturity phase, in which insurers will increasingly attempt to recover their payments from v... (more story)