August 28, 2024
Factory Mutual Insurance Co. urged the Third Circuit on Wednesday to reject Ralph Lauren Corp.'s bid to recoup up to $700 million in COVID-19 pandemic losses, blasting the fashion house's "conclusory allegations" that it was entitled to coverage.
April 22, 2024
The Third Circuit on Monday lifted a stay that sidelined a Ralph Lauren Corp. appeal of a district judge's ruling that the fashion retailer failed to show insurable physical damage to stores from the COVID-19 pandemic, sending the case to an appellate motions panel with three similar actions.
May 12, 2021
Ralph Lauren Corp. isn't entitled to coverage for pandemic-related losses under its $700 million property insurance policy with Factory Mutual Insurance Co., a New Jersey federal judge ruled Wednesday, finding that the fashion giant hadn't specifically alleged physical loss or damage to its properties.
February 01, 2021
Factory Mutual Insurance Co. on Friday urged a New Jersey federal judge to find that Ralph Lauren Corp. is not entitled to coverage for pandemic-related losses under its $700 million property insurance policy, saying the fashion giant has failed to allege it suffered any covered loss or damage to property.
August 10, 2020
Ralph Lauren Corp. has sued Factory Mutual Insurance Co., seeking full coverage under its $700 million policy after its wholesale revenue dropped 93% from the year before due to COVID-19, alleging that the insurer is wrongfully limiting its coverage to "communicable disease."