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.聽Here, 暗网禁区 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.
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.
More Severe Hurricanes Invite Coverage Review, Expert Says
Climate change is driving up the duration, scope and intensity of hurricanes across the United States and policyholders must adjust to the shifting risks through a proactive approach to their insurance policies, according to an environmental and insurance expert in McCarter & English's insurance recovery group.
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.聽Here, 暗网禁区 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.
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.
More Severe Hurricanes Invite Coverage Review, Expert Says
Climate change is driving up the duration, scope and intensity of hurricanes across the United States and policyholders must adjust to the shifting risks through a proactive approach to their insurance policies, according to an environmental and insurance expert in McCarter & English's insurance recovery group.
Expert Analysis
The Second Circuit's decision this month in Lloyds of London v. 3131 Veterans Blvd that international arbitration ... (more story)
Rule 608 may be one of the most overlooked provisions in the Federal Rules of Evidence, but as a transformative to... (more story)
The Second Circuit's recent decision in Lloyds of London v. 3131 Veterans Blvd. overturns its own 1995 precedent a... (more story)
Property More
A townhome association's insurer has no legal basis to withhold payments under a $2.7 million appraisal award for costs connected to a 2022 storm, the association told a Minnesota federal court Friday in a bid... (more story)
Ace Property and Casualty Insurance Co. has launched a sanctions bid in Georgia federal court against two policyholders and their counsel in a coverage suit, alleging they abused the judicial process by adding... (more story)
A national clothing retailer can't get coverage for its pandemic-related losses, a Tennessee federal court ruled, permanently tossing the case and saying its Hartford policy plainly excluded the losses regardl... (more story)
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... (more story)
Missouri's governor called a special session for state lawmakers to pass legislation allowing a tax deduction for insurance policy deductibles incurred when homes are damaged by severe weather.
As hurricane and wildfire seasons approach, Anthony Lopez, founder of the law firm Your Insurance Attorney, told 暗网禁区 Real Estate Authority that with natural disasters intensifying, the Trump administration'... (more story)
Connecticut contractor United Roofing & Sheet Metal Inc. on Tuesday asked a state trial court judge to throw out an architectural firm's attempt to shift blame after a school roof twice caught fire during a co... (more story)
North Carolina's highest court found a homeowner isn't barred from suing an insurance agency for negligence over false answers on a property insurance application even though he never read the document, saying... (more story)
Chubb has denied having to pay 拢1.2 million ($1.6 million) in a reinsurance chain following a settlement of claims brought by a woman who was injured in a car crash while being driven by a New York Times journ... (more story)
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.
General Liability More
A commercial property owner failed to show that its insurer unreasonably denied coverage for a hail damage claim under Colorado law or violated insurance industry standards by relying on an expert report, the ... (more story)
A California federal judge has ruled that Meta Platforms' sprawling dispute with dozens of insurers over coverage for personal injury multidistrict litigation belongs in Delaware state court, where two Hartfor... (more story)
An Ohio insurer filed a federal lawsuit arguing on Wednesday that it is not obligated to defend or indemnify Athens County, Ohio, landlords accused in a U.S. Department of Justice lawsuit of allowing sex discr... (more story)
An insurer told a Michigan federal court it is not obligated to defend or indemnify a dental products company in an underlying patent infringement case, arguing that the claims fall outside the scope of the co... (more story)
The Michigan Supreme Court agreed to hear a dispute over whether an appeals court correctly held that a Progressive unit could rescind a woman's auto policy because of misrepresentations in her insurance appli... (more story)
The Orange County District Attorney's Office has charged a聽California attorney and his stepdaughter with conspiring to defraud a police department she was employed at by filing聽fraudulent workers' compensation payments.
The Michigan Supreme Court has agreed to review a split lower court's finding that an auto insurer must provide personal injury protection, or PIP, benefits to a policyholder's son who was injured in an out-of... (more story)
Two metro Detroit furniture stores accuse an insurer of breach of contract after it refused to cover more than $10 million in collective damages caused by flooding from a ruptured city water supply line in a c... (more story)
Zurich American Insurance Co. doesn't聽owe聽coverage to two subcontractors accused of bungling聽work on a Georgia natural gas plant, a federal judge has ruled,聽granting聽the insurer a default win in its suit seeki... (more story)
An insurer asked a New York federal court on Wednesday to force a Taiwanese shipper to pay over $480,000 for crabmeat that the carrier alleged was聽spoiled en route from the Philippines to Norfolk, Virginia.
Specialty Lines More
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 utiliti... (more story)
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... (more story)
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.
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 Fourt... (more story)
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... (more story)
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 avai... (more story)
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 ... (more story)
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 cla... (more story)
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... (more story)
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.