Samsung Austin Semiconductor, LLC v. Factory Mutual Insurance Company
Case Number:
1:23-cv-00114
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April 24, 2024
Samsung Unit Says Exclusion Doesn't Apply To Storm Losses
A Samsung unit seeking coverage for more than $400 million in damage to its semiconductor manufacturing facility related to Winter Storm Uri in 2021 asked a Texas federal court to rule that power loss during the storm did not trigger the policy's so-called lack of services exclusion.
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June 23, 2023
Midyear Review: Top Property Insurance Cases To Watch
Property insurance lawsuits implicating environmental catastrophes and the growing risks associated with climate change headlined the first half of 2023, while ongoing suits over coverage for pandemic losses moved into a critical phase in states' top courts. Here, Law360 rounds up some of the top property insurance cases to watch in the remainder of the year.
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February 07, 2023
Samsung Says Insurer Shorted Chip Plant On $400M Uri Claim
A Samsung unit sued Factory Mutual Insurance Co. over more than $400 million in Winter Storm Uri-related damage to its Texas semiconductor chip manufacturing facility, accusing the insurer of scheming to systematically lowball claims stemming from the February 2021 storm.