CrowdStrike Outage May Leave Policyholders Few Options
Policyholders whose operations were disrupted by global outages caused by an issue with cybersecurity company CrowdStrike Holdings Inc.'s software may have few options to recover despite the chaos for air travel, government operations and financial institutions.
Climate Risks Heighten Inequities In Insurance Crisis
Climate risks are contributing to higher homeowners insurance prices and a crisis of uninsured households, particularly among low-income homeowners and people of color, experts say, with some saying "transformative" change is needed to solve the problem.
Policyholder Attys Cheer Justices' Ruling On 'Surface Waters'
Like a bridge over troubled water, Massachusetts' highest court laid down a rejection of the term "surface waters," finding insurers couldn't rely on the phrase to limit coverage to a storm-damaged hospital in an opinion celebrated by policyholder attorneys as providing far-reaching clarity on a contested issue.
Property More
A New York federal judge has appointed a former magistrate judge to oversee a dispute between a Texas school district and several insurers who allegedly stiffed the district $17 million in damages following Hurricane Hanna.
A Chubb unit asked the Eleventh Circuit on Friday to reverse the approval of a Florida condominium association's $13.8 million appraisal award for hurricane damage sustained in 2017, arguing that a lower court... (more story)
A Michigan-based insurer asked a Florida federal court Wednesday to grant a default final judgment in its indemnification suit against a contractor, seeking to force the company to cough up nearly $13 million ... (more story)
Florida-based insurance law firm Property Litigation Group PLLC has reached a settlement with a former paralegal who alleged she was fired after reporting unwanted sexual advances and case mismanagement by a senior attorney.
Population migration into parts of the U.S. with more severe weather is one factor driving the worst U.S. homeowner's insurance underwriting results since at least 2000, according to a report on the insurance ... (more story)
An insurer for a now-defunct thermal insulation installer can't invoke an exclusion for bodily injury stemming from completed operations to avoid settlement coverage of an underlying "take-home" asbestos injur... (more story)
A clothing company told North Carolina's highest court that the state's appeals court erred in dismissing its lawsuit attempting to recover COVID-19-related losses from its insurer, arguing that the lower cour... (more story)
General Liability More
An insurer has no duty to defend or indemnify a general contractor accused of performing defective work on a Broward County, Florida, home that resulted in damage to a neighboring property, a federal court rul... (more story)
A three-judge panel in the Eleventh Circuit said Thursday they won't rehear their decision dismissing a proposed class action brought by a State Farm policyholder alleging that the insurer's denial of coverage... (more story)
The Sixth Circuit on Wednesday pressed Geico about plan documents reviewed by a lower court when it tossed agents' claims they were misclassified as independent contractors, floating the possibility of sending... (more story)
Insurers must defend a drilling company accused of contaminating a rental property's water supply with dangerous levels of lead, a Montana federal court ruled, saying they haven't shown the underlying claims f... (more story)
The Third Circuit affirmed a Zurich unit's win Monday in a dispute over coverage for a boiler company sued by a motorcyclist injured in a crash with a company employee, saying not only are the motorcyclist's c... (more story)
Nationwide told a California federal court a Travelers unit must help defend a condominium association in an underlying lawsuit brought by a resident alleging he needed a double lung transplant because of hot ... (more story)
Specialty Lines More
The federal government has sued National General Holdings Corp. and its subsidiaries under the Financial Institutions Reform, Recovery and Enforcement Act alleging the corporation spent a decade forcing its in... (more story)
The New York judge who ordered Donald Trump to pay $465 million in penalties in his civil fraud case Thursday rejected the former president's demand that he step down from the case, saying a brief hallway enco... (more story)
An insurer does not have to defend a Miami law firm in a lawsuit accusing it of overbilling a client, a Florida federal judge has ruled, finding that the underlying allegations do not constitute professional s... (more story)
Massachusetts’ top court sided with a hospital owner in a storm damage coverage dispute, the California Supreme Court revived a suit over State Farm’s claims-handling practices and the Ninth Circuit affirmed a... (more story)
The Second Circuit revived New York City's coverage dispute against a captive insurer, reversing a lower court's finding that it lacked diversity jurisdiction after having already granted the city an early win... (more story)
A New York federal judge trimmed a $2.4 million coverage dispute between Liberty Mutual and an oil and gas trader over losses related to a contaminated oil shipment, finding that although the trader met its bu... (more story)
The Michigan Court of Appeals properly ruled that insurance companies that are part of Nationwide should file their taxes as a unitary group, the company told the appeals court, saying the state Treasury Depar... (more story)