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. Here, Law360 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. Here, Law360 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
Companies that receive federal funds or have the remnants of a diversity, equity and inclusion program should revi... (more story)
Preliminary findings from our recent study on how attorney gender might affect case outcomes support the conclusio... (more story)
The Second Circuit's decision this month in Lloyds of London v. 3131 Veterans Blvd that international arbitration ... (more story)
Property More
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 lo... (more story)
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 wa... (more story)
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 Law360 400. Here's a preview of ... (more story)
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 exclu... (more story)
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, litigati... (more story)
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.
General Liability More
A Delaware bankruptcy judge Wednesday questioned why firefighting foam maker Kidde-Fenwal did not include in plan disclosures details about the recoveries its creditors can expect under its Chapter 11 proposal... (more story)
Union Pacific Railroad Co. is on the hook for over $447,000 after it delivered a shipment of Nissan vehicles in a "severely damaged and depreciated condition," the insurer for the cargo owner told a Nebraska f... (more story)
Allstate Fire And Casualty Insurance Co. urged the Georgia Court of Appeals to overturn a trial court's decision to sanction it by tossing its lawsuit over a liability policy issued to the owner of a car invol... (more story)
An Ohio federal court erred by remanding declaratory claims over insurance coverage for underlying PFAS litigation to state court, the Sixth Circuit ruled, forging its own jurisdictional standard for what are ... (more story)
A motocross event company is seeking coverage for a $20 million personal injury suit after a child attending a 2022 championship was paralyzed while swimming in a creek onsite after another patron jumped in an... (more story)
A Florida federal judge freed an insurer from paying any of the $8.5 million in damages connected to shoddy work at a Florida condo, finding there wasn't an allocation accounting for which claims were covered ... (more story)
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)
Specialty Lines More
A key committee will decide Thursday whether to send President Donald Trump’s pick to lead the U.S. Department of Labor’s employee benefits arm ahead for a full Senate vote, setting the stage for what attorney... (more story)
An insurance company's suit alleging that an insurance agent's errors cost the company its reinsurance through the Federal Crop Insurance Corp. should be tossed, the agent told a Michigan federal court, arguin... (more story)
A North Carolina federal judge granted a preliminary injunction ordering an adjuster to proceed with adjusting claims for insurers, including one related to a 2021 fatal Florida boat accident that resulted in ... (more story)
A Connecticut state court trimmed McCarter & English LLP's defenses in a $22.3 million suit over its role crafting loans for recreational improvements in a Long Island, New York, town, saying the firm cannot p... (more story)
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.
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 re... (more story)
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)