2 Insurance Brokers Aim To Duck Volcano Damage Class Suit

Law360 (April 23, 2019, 7:11 PM EDT) -- Two Hawaii insurance brokers urged a federal court Monday to free them from a proposed class action alleging they left homeowners unprotected during a 2018 volcanic eruption by steering the residents to buy Lloyd’s of London policies that excluded lava damage coverage.

In separate motions to dismiss, Moa Insurance Services Hawaii and Pyramid Insurance Centre Ltd. said all the claims in the homeowners’ complaint, which accuses them of selling deficient property policies in exchange for kickbacks from the policies' underwriters at Lloyd’s, are either legally insufficient or unsupported by facts. The two brokers asserted near-identical arguments in support of their dismissal...

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