Specialty Lines
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June 02, 2025
Insurance Experts Examine AI's Challenges For Underwriting
Academics, attorneys and insurance industry officials took a look at the myriad ways artificial intelligence could affect the "insurance value chain," as one conference panelist put it, across claims, litigation and underwriting, including the coverage of AI-related occurrences themselves.
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May 29, 2025
Insurer Waived Arbitration For Many Reasons, NJ Panel Rules
An insurer waived its right to arbitration for many reasons, a New Jersey appellate panel affirmed, finding a pier owner's coverage dispute concerning underlying litigation brought against it by public utilities blaming it for a fluid leak in the Hudson River must head to trial.
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May 29, 2025
Q&A: What's The Deal With Insurance-Linked Securities?
The use of insurance-linked securities has boomed in recent years, helping increase overall global reinsurance capacity and allowing investors to participate in reinsurance transactions without having to become licensed reinsurers themselves. Here, Law360 talks to Nicholas Berry, a London-based partner at Norton Rose Fulbright, on the mechanics of ILS transactions and why he thinks this alternative asset type is here to stay.
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May 29, 2025
FDA Changes May Put CGL Policies In Play, Experts Say
Changing regulations at the U.S. Food and Drug Administration under the Trump administration may make food contamination risks a higher concern for certain policyholders, and insureds should closely review their commercial general liability and product recall policies for potential coverage, experts say.
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May 29, 2025
Insurance Litigation Week In Review
Towers Watson's insurers don't have to cover shareholder litigation, the Fifth Circuit said its hands were tied concerning fire damage arbitration, North Carolina's highest court allowed a homeowner who didn't read his policy to continue his agency negligence case and a Georgia couple say two personal injury firms misled them. Here, Law360 takes a look at the past week's top insurance news.
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May 29, 2025
Lindberg Can't Skirt $122M Contempt Order, NC Panel Told
Insurance companies that convicted billionaire Greg Lindberg allegedly bled dry told the North Carolina Court of Appeals not to let him duck a $122 million contempt order, saying he didn't even show up for the hearing and has done nothing since to purge his contempt.
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May 28, 2025
Law Firm's Suit Against AIG Unit Cut Down To Contract Claims
A Florida federal judge on Wednesday trimmed a law firm's suit claiming an AIG unit allegedly misled it into representing a sports memorabilia collector in underlying civil and criminal fraud cases without payment.
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May 28, 2025
4th Circ. Finds Towers Watson's Merger Deals Not Covered
Towers Watson's insurers have no obligation to pay out their remaining directors and officers coverage to help fund settlements resolving shareholder litigation over the company's merger with Willis, the Fourth Circuit affirmed Wednesday, saying the deals fall plainly within the scope of a so-called bump-up exclusion.
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May 27, 2025
Pharma Co. Says Chubb Failed To Pay Covered Defense Costs
A New Jersey pharmaceutical company said Chubb owes nearly $6.5 million in outstanding defense costs related to a multibillion-dollar arbitration dispute over the manufacture of an antiviral drug, according to a suit removed to federal court Tuesday.
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May 27, 2025
Property Co. Not Covered In Condo Fire Suits, Insurer Says
A property management company isn't covered for suits claiming it hired an unlicensed contractor whose work caused a fire at a condo complex, an insurer told a Florida federal court, saying coverage isn't available under a commercial general liability policy and is limited under a professional liability policy.
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May 23, 2025
Judge Tells Boat Crash Widow To Replead $66M Insurer Suit
A Florida federal judge on Friday dismissed a lawsuit by the widow of the victim of a fatal boat crash seeking to get insurers to pay $66 million judgments but told the widow to replead her claims without the bad faith allegations to streamline discovery in the first stage of the litigation.
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May 22, 2025
Affirmative AI Coverage Challenges Specialty Insurance Lines
Boutiques and major insurers alike have recently issued long-anticipated affirmative coverage for artificial intelligence risks, a divisive bet on the increased need for explicit protection and pricing of the technology's specific risks, even as existing policies offer many similar protections.
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May 22, 2025
Virus Coverage Revival Loss Shows Import Of Judicial Finality
A North Carolina federal court's ruling that Golden Corral can't set aside a judgment against its bid for pandemic-related coverage despite recent policyholder success in the state Supreme Court highlighted the importance of judicial finality, while marking the difference between state and federal courts weighing insurance issues.
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May 22, 2025
Mich. Justices To Review Nationwide's Unitary Tax Filing Win
The Michigan Supreme Court agreed Thursday to weigh an appeal by the state's tax agency of a decision that said Nationwide entities could file their taxes as a unitary group to share tax credits among its members.
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May 22, 2025
Insurance Litigation Week In Review
The U.S. Supreme Court passed on insurer challenges to tribal jurisdiction in COVID-19 coverage cases, a Washington federal court approved Symetra's $32.5 million overcharging settlement, legal malpractice claims outpace inflation and a condo association's timing in serving an insurer helped it avoid removal to Florida federal court.
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May 21, 2025
USAA's $3.25M Data Breach Deal Granted Final OK
Customers of USAA have received final approval for their $3.2 million settlement agreement to resolve claims that cybersecurity shortcomings affecting the bank's online insurance quote system paved the way for cybercriminals to open fraudulent memberships.
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May 21, 2025
Court Approves $32.5M Symetra Settlement For Overcharging
A Washington federal court has given final approval for a $32.5 million settlement resolving claims between Symetra and life insurance policyholders who claimed the company used undisclosed factors to overcharge them.
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May 20, 2025
Insurers Say Legal Malpractice Costs Keep Outpacing Inflation
The frequency at which major law firms faced malpractice claims held relatively steady in 2024, but payouts on claims continued to boom at a rate outpacing general inflation, according to this year's legal professional liability insurance survey, with nearly half of insurers surveyed reporting having paid at least one claim over $150 million.
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May 19, 2025
Insurer Drops Fight Over $9M OpenText Merger Settlement
Allied World National Assurance Company on Monday ended its lawsuit seeking a declaration that it wasn't obligated to contribute to a $9 million settlement in a shareholder class action stemming from Covisint Corp.'s merger with OpenText.
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May 19, 2025
Insurer Says Pizza Chain Only Gets $250K For Cyberattack
A cyber insurer for Cicis Pizza told a Texas federal court that it's already paid the full amount of coverage the restaurant chain is owed for a May 2022 ransomware incident, arguing that only a $250,000 sublimit under a ransomware endorsement applies.
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May 15, 2025
Attys Weigh Breadth Of 10th Circ. Pollution Row Interpretation
A Tenth Circuit ruling that a New Mexico property owner wasn't owed a defense for underlying contamination litigation because of separate, unambiguous absolute pollution exclusions in its policies was no surprise, policyholder attorneys said, but a broad reading of the exclusions still gives them pause.
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May 15, 2025
Insurers' Win In Arbitration Treaty Ruling Narrows Circuit Split
A recent Second Circuit ruling in favor of international insurers seeking to arbitrate hurricane damage claims helped further close a significant circuit court split on the interpretation of a key international arbitration treaty, according to expert attorneys.
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May 15, 2025
Immigration Enforcement Risks May Fall Into Coverage Gaps
As the U.S. government continues to broaden and intensify its immigration enforcement actions, businesses concerned about their risks may find themselves falling between a gap in traditional lines of coverage for government investigations and employment-related liabilities.
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May 15, 2025
Insurance Litigation Week In Review
The California Department of Insurance approved State Farm's request for an emergency rate increase, the Delaware Supreme Court heard arguments concerning coverage for 3M's defense costs payments in multidistrict litigation, and a U.S. Senate committee questioned Allstate and State Farm on their claims-handling procedures for natural disasters. Here, Law360 takes a look at the past week's top insurance news.
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May 15, 2025
Securities Atty Talks Carrier IPOs In Uncertain Market
A selective thawing in the market could provide an opening to go public for insurance companies that aren't as directly affected by tariffs as companies in other industries, as demonstrated by two initial public offerings last week. Here, Law360 takes a look with Matthew L. Fry, a Haynes Boone partner who advised on one of the IPOs, that of American Integrity Insurance.
Expert Analysis
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Teaching Your Witness To Beat The Freeze/Appease Response
In addition to fight-or-flight, witnesses may experience the freeze/appease response at trial or deposition — where they become a deer in headlights, agreeing with opposing counsel’s questions and damaging their credibility in the process — but certain strategies can help, says Bill Kanasky at Courtroom Sciences.
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What Insurers Need To Know About OFAC's Expanded FAQs
The Office of Foreign Assets Control's recently expanded insurance FAQs clarify how OFAC views insurance policies in a number of specific circumstances involving sanctioned parties, and make plain that sanctions compliance is the responsibility of all participants in the insurance ecosystem, including underwriters, brokers and agents, say attorneys at Morgan Lewis.
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Nevada Justices Could Expand Scope Of Subrogation Claims
The Nevada Supreme Court's recent decision to hear North River Insurance v. James River Insurance could expand the scope of equitable subrogation claims in the state by aligning with the California standard, which doesn't require excess insurers to demonstrate damages, says Daniel Heidtke at Duane Morris.
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How D&O Coverage Can Aid Against Increased AI Scrutiny
The recent increase in regulatory enforcement and securities class actions stemming from corporate use of artificial intelligence should prompt companies to ensure that their directors and officers liability insurance coverage is appropriately tailored to AI-related risks, say attorneys at Reed Smith.
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8 Tech Tips For Stress-Free Remote Depositions
Court reporter Kelly D’Amico shares practical strategies for attorneys to conduct remote depositions with ease and troubleshoot any issues that arise, as it seems deposition-by-Zoom is here to stay after the pandemic.
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4 Ways Attorneys Can Emotionally Prepare For Trial
In the course of litigation, trial lawyers face a number of scenarios that can incite an emotional response, but formulating a mental game plan in advance of trial can help attorneys stay cool, calm and collected in the moment, says Rachel Lary at Lightfoot Franklin.
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Presidential Campaign Errors Provide Lessons For Trial Attys
Vice President Kamala Harris’ presidential campaign employed numerous strategies that evidently didn’t land, and trial attorneys should take note, because voters and jurors are both decision-makers who are listening for how one’s case presentation would affect them personally, says Reuben Guttman at Guttman Buschner.
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Putting NYDFS AI Cybersecurity Guidance Into Practice
New guidance from the New York Department of Financial Services explains how financial institutions should assess and mitigate cybersecurity risks associated with artificial intelligence, focusing on four main threats and highlighting how varying environments require specific mitigation measures, say attorneys at Saul Ewing.
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Recent Developments In Insurance Coverage For FCA Claims
As the U.S. Department of Justice continues its vigorous False Claims Act enforcement, companies looking to their insurers to help defray the costs of an investigation or settlement should note recent decisions on which types of policies cover FCA claims, which policy periods apply and which portions of FCA-related losses are covered, say attorneys at Covington.
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Consider The Impact Of Election Stress On Potential Jurors
For at least the next few months, potential jurors may be working through anger and distrust stemming from the presidential election, and trial attorneys will need to assess whether those jurors are able to leave their political concerns at the door, says Ken Broda-Bahm at Persuasion Strategies.
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NC Ruling Takes Practical Approach To Duty-To-Defend Costs
In Murphy-Brown v. Ace American Insurance, a case of first impression, the North Carolina Business Court adopted the commonsense rationale of many state courts in holding that policyholders' defense costs should be deemed presumtively reasonable when a insurer breaches its duty to defend, say attorneys at McGuireWoods.
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A Look At Insurance Coverage For Government Investigations
Attorneys at Jenner & Block discuss the quirks and potential pitfalls of insurance coverage for government claims and investigations, including those likely to arise from the U.S. Department of Justice's recently announced whistleblower program.
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Why Diversity Jurisdiction Poses Investment Fund Hurdles
Federal courts' continued application of the exacting rules of diversity jurisdiction presents particular challenges for investment funds, and in the absence of any near-term reform, those who manage such funds should take action to avoid diversity jurisdiction pitfalls, say attorneys at Sher Tremonte.