/insurance-authority/property?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Authority Property Copyright 2025 °µÍø½ûÇø. en-US Tue, 03 Jun 2025 20:21:42 +0000 /insurance-authority/property/articles/2348811?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348811 A lumber company and its insurance broker told a Nebraska federal court that the company's property insurance policy should be reformed to include $500,000 in business interruption coverage following a fire loss, alleging the insurer failed to do so despite the broker's request during the company's policy renewal. Tue, 03 Jun 2025 18:19:03 +0000 /insurance-authority/property/articles/2348708?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348708 A manufacturer of electrical cables is responsible for over $1 million in damages for a fire at a Philadelphia-based discount department store, an insurer told a Pennsylvania federal court, saying the blaze was caused by the manufacturer's defective armored cabling. Tue, 03 Jun 2025 14:00:31 +0000 /insurance-authority/property/articles/2345428?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345428 A rebound in client work sent the nation’s largest law firms into growth mode last year, driving a wave of hiring, mergers and strategic moves that reshaped the top tier of the °µÍø½ûÇø 400. Here's a preview of the 100 firms with the largest U.S. attorney headcounts. Mon, 02 Jun 2025 20:36:17 +0000 /insurance-authority/property/articles/2348162?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348162 A Seattle building owner urged a Washington federal court to grant it a partial early win in a coverage dispute over $8.5 million in water damage, telling the court that under state law, none of the four exclusions its insurer cited when denying coverage are applicable to the water intrusion loss. Mon, 02 Jun 2025 18:47:10 +0000 /insurance-authority/property/articles/2347089?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347089 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. Mon, 02 Jun 2025 15:36:34 +0000 /insurance-authority/property/articles/2340385?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2340385 Preliminary findings from our recent study on how attorney gender might affect case outcomes support the conclusion that there is little in the way of a clear, universal bias against attorneys of a given gender, say Jill Leibold, Olivia Goodman and Alexa Hiley at IMS Legal Strategies. Fri, 30 May 2025 21:29:02 +0000 /insurance-authority/property/articles/2347354?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347354 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 for an early win in its suit. Fri, 30 May 2025 20:39:42 +0000 /insurance-authority/property/articles/2347049?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347049 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 outside counsel as a defendant just to defeat diversity jurisdiction and remand the case to state court. Thu, 29 May 2025 20:48:18 +0000 /insurance-authority/property/articles/2346446?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346446 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, °µÍø½ûÇø 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. Thu, 29 May 2025 19:22:37 +0000 /insurance-authority/property/articles/2346581?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346581 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. Thu, 29 May 2025 19:05:49 +0000 /insurance-authority/property/articles/2345839?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345839 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 regardless of whether Tennessee law or Pennsylvania law — the original jurisdiction of the case — applied. Thu, 29 May 2025 18:58:20 +0000 /insurance-authority/property/articles/2346656?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346656 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. Thu, 29 May 2025 17:30:12 +0000 /insurance-authority/property/articles/2346691?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346691 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, °µÍø½ûÇø takes a look at the past week's top insurance news. Thu, 29 May 2025 16:54:05 +0000 /insurance-authority/property/articles/2344583?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2344583 The Second Circuit's decision this month in Lloyds of London v. 3131 Veterans Blvd that international arbitration agreements take primacy over state anti-arbitration insurance laws opens a division between domestic and foreign insurers that could affect the surplus lines market, says attorney Rosanne Felicello. Wed, 28 May 2025 17:56:51 +0000 /insurance-authority/property/articles/2345908?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345908 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. Wed, 28 May 2025 17:25:01 +0000 /insurance-authority/property/articles/2341611?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2341611 Rule 608 may be one of the most overlooked provisions in the Federal Rules of Evidence, but as a transformative tool that allows attorneys to attack a witness's character for truthfulness through opinion or reputation testimony, its potential to reshape a case cannot be overstated, says Marian Braccia at Temple University Beasley School of Law. Wed, 28 May 2025 12:52:25 +0000 /insurance-authority/property/articles/2345486?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345486 As hurricane and wildfire seasons approach, Anthony Lopez, founder of the law firm Your Insurance Attorney, told °µÍø½ûÇø Real Estate Authority that with natural disasters intensifying, the Trump administration's cuts to FEMA are likely to put more pressure on states and property owners in an already challenging insurance environment. Tue, 27 May 2025 16:05:49 +0000 /insurance-authority/property/articles/2345195?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345195 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 construction job, causing an alleged $17.6 million in damage. Tue, 27 May 2025 15:32:25 +0000 /insurance-authority/property/articles/2344536?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2344536 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 context bears on his culpability. Fri, 23 May 2025 14:15:29 +0000 /insurance-authority/property/articles/2343789?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2343789 Chubb has denied having to pay £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 journalist in Scotland.