Private Flood Carriers See Opportunity In Federal NFIP Lapse
Private flood insurance executives see a market opportunity for a growing sector of the property and casualty industry as the National Flood Insurance Program remains restricted in its ability to renew or sell flood coverage amid the government shutdown.
Drones May Boost Claim-Handling Efficiency, Carrier Pros Say
As insurance carriers evaluate ways to utilize new technologies in their claims and underwriting processes, the use of drones and aerial imagery has emerged as an opportunity to improve response times and efficiency, specifically in connection with natural disasters, insurer-side experts say.
SEC Changes For Public Cos. Shake Up D&O Coverage Risks
The U.S. Securities and Exchange Commission has enacted or proposed several significant changes to the way public companies are regulated, putting directors and officers coverage risks into unprecedented territory, insurance and securities experts said.
Private Flood Carriers See Opportunity In Federal NFIP Lapse
Private flood insurance executives see a market opportunity for a growing sector of the property and casualty industry as the National Flood Insurance Program remains restricted in its ability to renew or sell flood coverage amid the government shutdown.
Drones May Boost Claim-Handling Efficiency, Carrier Pros Say
As insurance carriers evaluate ways to utilize new technologies in their claims and underwriting processes, the use of drones and aerial imagery has emerged as an opportunity to improve response times and efficiency, specifically in connection with natural disasters, insurer-side experts say.
SEC Changes For Public Cos. Shake Up D&O Coverage Risks
The U.S. Securities and Exchange Commission has enacted or proposed several significant changes to the way public companies are regulated, putting directors and officers coverage risks into unprecedented territory, insurance and securities experts said.
Expert Analysis
Two recent federal district court decisions add to a growing number of courts concluding that Trafficking Victims ... (more story)
The maritime industry now stands on the verge of a nuclear-powered renaissance, with the need for clean energy, re... (more story)
Hindsight bias — wherein events seem more predictable after the fact than they were beforehand — presents a persis... (more story)
Property More
A group of 22 states and the District of Columbia urged a Massachusetts federal court Wednesday to block the Trump administration's termination of a disaster mitigation program under the Federal Emergency Mana... (more story)
Illinois' director of insurance accused State Farm of failing to turn over nationwide data at a zip-code level relating to its homeowners insurance business, telling a state court that the insurance giant has ... (more story)
A hotel group's suit seeking $12.5 million for business interruption losses stemming from Hurricane Helene should be tossed, a Liberty Mutual unit told a North Carolina federal court, saying it already filed s... (more story)
Insurance litigation in federal district courts has been trending downward over the past two years, following a period of record high filings because of COVID-19 and a series of extremely destructive storms, a... (more story)
The property owner of a dry cleaner isn't owed coverage for an investigation and remediation demand conducted by a state environmental protection agency, a New Mexico federal judge ruled, finding that an absol... (more story)
A panel of Sixth Circuit judges upheld the class certification of a suit alleging State Farm systematically undervalues totaled vehicles, saying that a class of Tennessee insureds were linked by a common alleg... (more story)
An AIG unit urged a Florida federal court Thursday to reject a contractor's claims it can't be held liable for more than $1.8 million in coverage payments over a yacht fire caused by dock wiring that lacked gr... (more story)
The Financial Crimes Enforcement Network announced Thursday that it has renewed directives requiring title insurance companies to identify the people behind shell companies in non-financed, residential propert... (more story)
A Georgia federal court has rejected a Chubb unit's sanctions bid in a fire loss coverage dispute, finding that although its insureds failed to adequately join two individual defendants in a broader attempt to... (more story)
A South Carolina school district can't get review of its insurance arbitration dispute, an insurer had a duty to defend a home renovation company in an underlying car crash suit and a State Farm unit needn't p... (more story)
General Liability More
A law firm's professional liability insurer has a duty to defend it and one of its attorneys in an underlying malpractice lawsuit stemming from their representation of defendants that faced civil forfeiture cl... (more story)
Members of Michigan's Supreme Court on Thursday expressed reservations about an intermediate appellate court's decision that nonresidents who fail to carry Michigan insurance for a vehicle they regularly drive... (more story)
An insurer is seeking a default win in its dispute over coverage for a man's trench injury lawsuit, telling an Illinois federal court Thursday that the man has failed to appear or respond to the coverage action.
A trust established to pay asbestos claimants in Avon's Chapter 11 has urged a Delaware state court to rule that almost 30 insurers must help indemnify more than $225 million of the cosmetics company's talc in... (more story)
Lockheed Martin Corp. and a CNA Financial Corp. unit have reached a settlement for a coverage dispute related to litigation that accused the aerospace and defense company of environmental contamination in Orla... (more story)
A home renovation company's insurer owed it a defense in a lawsuit over an auto collision involving a worker who was on the way to perform plumbing services, a California federal court ruled while stopping sho... (more story)
A Fifth Circuit panel Tuesday pressed ChampionX Corp. to explain how it can pursue a lawsuit in Texas seeking to make multiple insurers pay for its defense in a $40 million oil spill lawsuit if the underlying ... (more story)
An excess insurer said it has no duty to defend or indemnify a concrete company accused of causing $21 million worth of damage after supplying the wrong concrete mix for a highway construction project, telling... (more story)
Diamond State Insurance Co. asked a Colorado federal judge Monday to find it has no duty to indemnify an entertainment company being sued over a shooting at a hotel in May 2022 that injured one person, arguing... (more story)
An insurer for milk producer Fairlife LLC told an Illinois federal court Friday it owes no coverage for a proposed class action filed earlier this year accusing the company of false advertising through its all... (more story)
Specialty Lines More
A group of Geico auto insurers told a New York federal court that they are entitled to recoup $415,000 from companies that they allege submitted hundreds of fraudulent no-fault insurance claims, totaling over ... (more story)
The New Jersey Supreme Court zeroed in Thursday on how far insurers can go in reserving their rights without taking a definitive position on coverage, as Mist Pharmaceuticals LLC accused Berkley Insurance Co. ... (more story)
The former CEO of Marvel Entertainment on Thursday urged the Florida Supreme Court to revive his punitive damages claim over the secret collection of his wife's DNA in connection to a hate letter campaign, arg... (more story)
A smoke shop's insurer told a North Carolina state appeals court the shop shouldn't receive coverage for a lawsuit alleging it's liable for a fatal auto collision because it sold nitrous oxide products to the ... (more story)
CVS Pharmacy Inc. has asked a New Jersey bankruptcy judge to enforce his May order approving the sale of 625 Rite Aid pharmacy operations and 64 drug stores, alleging the debtor has not provided druggist insur... (more story)
Antitrust litigation increasingly includes claims for breach of warranty, product liability or state consumer protection violations, complicating insurers' reliance on exclusions as courts analyze whether thes... (more story)
With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compli... (more story)
There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissione... (more story)
Kelley Kronenberg announced that the firm has launched a team focused on handling cyber insurance defense matters in response to the fast growth and increased demand for services in the area.
A Connecticut Superior Court judge has denied requests by Phoenix Life Insurance Co. and PHL Variable Insurance Co. to file late partial summary judgment motions in a $22.3 million professional negligence laws... (more story)