Excess Insurers Tell 4th Circ. Under Armour Owes Interest
Five excess insurers told the Fourth Circuit that Under Armour Inc. must pay prejudgment interest on its return of $90 million in advanced coverage for defense costs, arguing a Maryland federal judge erred in ... (more story)
Bell Sports, AIG Unit Settle Helmet Defect Coverage Dispute
A motorcycle helmet company and an AIG-affiliated insurance company have resolved a lawsuit filed in California federal court over coverage stemming from claims of defects that allegedly caused a helmet to fly... (more story)
Ambiguous Bond Terms Net FDIC Win In SVB Coverage Fight
Two insurers must provide coverage to the Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank, for the bank's claim for losses from a $73 million fraud scheme, a North Carolina federal judge r... (more story)
Insurance Litigation Week In Review
An Iowa federal judge approved a deal worth $73 million to resolve a suit over life insurance policy rate hikes, a West Virginia federal jury said Chubb owes a coal mining company $30 million for claim delays,... (more story)
Prejudice Question Bars Quick End To Negligence Deal Suit
A Washington federal court said it cannot definitively say whether an insurer must cover a healthcare management company's settlement with a nursing home resident, saying there is a genuine dispute about wheth... (more story)
Insurer Seeks Exit From Pharma Co.'s $50M Creditor Dispute
An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged ... (more story)
Nu Ride Atty Breaks Down Win Over Retroactive Exclusion
Law360 Insurance Authority speaks with Daniel J. Healy of Brown Rudnick about coverage for an electric vehicle client and "retroactive date exclusions" in D&O policies.
Insurer Ends Coverage Suit Over $20M Cable Damage Case
Great American Insurance Co. has agreed to drop its lawsuit seeking a declaration that it does not have a duty to defend a Washington-based buoy installation company against claims over damages to an underwate... (more story)
SC Judge Wants Clarity On Opioid 'Bodily Injury' Coverage
A South Carolina federal judge said Thursday she is likely to ask the state supreme court to weigh in on whether certain language in a pharmaceutical company's insurance policies applies only to identified ind... (more story)
Insurance Litigation Week In Review
Courts weighed in on issues ranging from exhausting at-fault driver's coverage, insurer insolvency, and designation forms for California policies. Law360 has the past week's top insurance news.