Rising Type Of M&A Coverage Can Limit Cyber Risk, Pros Say
Conditions in the market for cyber insurance are positive for buyers, and insurance meant to protect against mergers and acquisitions improprieties can form a key part of transactions as cyber risks increase, industry and legal professionals said Thursday.
Pet Insurer Exec Shares Insight On Double-Digit Growth
The pet insurance industry is experiencing large amounts of growth, both in policies purchased and the cost of premiums, a trend which Brian Jorgensen, the CEO of MetLife Pet Insurance, attributes to owners spending more time with their animals and veterinary costs, respectively. Here, Jorgensen chats with Law360 about the growing pet insurance market.
Ga. Tort Reform Promises Relief From Insurance Industry Ills
Georgia is on the cusp of enacting major reforms to its tort claims system that aim to reduce outsize jury awards and other expenses contributing to rising liabilities, which carriers and policyholders hope will relieve strains on the insurance industry.
Rising Type Of M&A Coverage Can Limit Cyber Risk, Pros Say
Conditions in the market for cyber insurance are positive for buyers, and insurance meant to protect against mergers and acquisitions improprieties can form a key part of transactions as cyber risks increase, industry and legal professionals said Thursday.
Pet Insurer Exec Shares Insight On Double-Digit Growth
The pet insurance industry is experiencing large amounts of growth, both in policies purchased and the cost of premiums, a trend which Brian Jorgensen, the CEO of MetLife Pet Insurance, attributes to owners spending more time with their animals and veterinary costs, respectively. Here, Jorgensen chats with Law360 about the growing pet insurance market.
Ga. Tort Reform Promises Relief From Insurance Industry Ills
Georgia is on the cusp of enacting major reforms to its tort claims system that aim to reduce outsize jury awards and other expenses contributing to rising liabilities, which carriers and policyholders hope will relieve strains on the insurance industry.
Expert Analysis
During and leading up to deposition, witnesses may experience anxiety stemming from numerous sources and manifesti... (more story)
The potential for significant trade-related losses as a result of increased tariffs may cause companies to conside... (more story)
The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must ... (more story)
Property More
Insurers were allowed Friday to dismiss their case in Texas federal court against Team Industrial Services Inc. seeking to disclaim coverage for underlying suits filed against the company in connection with in... (more story)
Lloyd's London has sued Aramark to recoup a $5 million payout the insurer made on a policy held by a New Jersey university, alleging the facilities management company was responsible for water damage to one of... (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.
A Second Circuit panel dismissed on Friday a mid-case appeal in a dispute over coverage for hundreds of asbestos-related lawsuits, saying that resolving certified questions, including whether an insurer must d... (more story)
Ohio's law governing total loss insurance coverage does not necessarily mandate that insurers pay out the maximum policy limit, according to a new order from a Buckeye State federal judge granting a Liberty Mu... (more story)
A retail outlet chain asked a North Carolina state court to find it had coverage for more than $50 million in pandemic losses, citing a recent state Supreme Court ruling holding that the insuring phrase "direc... (more story)
The insurer of an Ann Arbor, Michigan, property has settled a dispute over whether its policy covered more than $1 million in damages stemming from a vehicle fire at a facility leased by Mercedes-Benz's North ... (more story)
General Liability More
A Seventh Circuit panel considering whether an insurer for Sterigenics and its former parent company could avoid paying $150 million in legal costs for defending the company from a torrent of pollution suits h... (more story)
Errors and omissions insurers for two Liberty Mutual units owe no coverage for the units' $13.3 million coverage payment to a motel operator found civilly liable for a woman's murder, the Sixth Circuit ruled T... (more story)
An anime merchandise manufacturer is seeking to recover over $3.4 million from its insurers for business personal property and business income that was lost after its warehouse was robbed, telling a California... (more story)
An insurer that paid its policy limits on behalf of insured contractors to settle a lawsuit over a jobsite fatality told an Oklahoma federal court it owed no coverage for more than $3 million in legal fees inc... (more story)
A tree service company, subsidiary and certain former employees can't be covered in two civil suits alleging an employee was murdered for reporting the company's use of undocumented labor, an AIG unit told an ... (more story)
The original jury verdict in Baylor College of Medicine v. Lloyd's, currently on appeal to the Texas Supreme Court after being overturned by an appellate panel, illustrates why COVID-19 business interruption c... (more story)
Specialty Lines More
The children of an Amazon worker can proceed with their claim that their uncle exercised "undue influence" to get named as a beneficiary on their father's life insurance plan, an Ohio federal judge said Thursd... (more story)
Insurers lost their subrogation bid over a ransomware attack against software company Blackbaud, carriers accused a California utility of causing one of this year's wildfires, Meta prevailed in an insurance co... (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)
PNC Bank urged the Third Circuit to undo its decision finding that the bank isn't owed coverage for an over $106 million judgment it incurred over claims that its predecessor mismanaged funeral trust accounts,... (more story)
The Sixth Circuit's recent ruling that Home Depot's insurers did not have to cover costs from a data breach hammered one more nail in the coffin of silent cyber, where coverage is sought under standard propert... (more story)
National Union Fire Insurance Company of Pittsburgh has settled a suit accusing a Washington-based consultant of security lapses after the personal data of over 10,000 bank customers ended up online, according... (more story)
A seller of ship loaders said its underwriters owe it an additional $2.6 million for a piece of equipment that was damaged en route to Canada, telling a Washington federal court that the carriers have breached... (more story)