Property

  • February 06, 2025

    House Committee Weighs Wildfire Strain On Calif. Insurers

    A U.S. House of Representatives subcommittee met Thursday to discuss the recent California wildfires and how regulatory policy may aid future prevention of natural disasters, as experts emphasized that the fires only further exposed the state's ongoing insurance crisis.

  • February 06, 2025

    Pillsbury Adds Insurance Partner From Morgan Lewis

    Pillsbury Winthrop Shaw Pittman LLP has announced the addition of an insurance recovery expert from Morgan Lewis as a partner in its Washington, D.C., office to advise and represent insurance policyholders.

  • February 06, 2025

    Insurance Litigation Week In Review

    The Delaware Supreme Court agreed that a jury's fraud verdict against an ex-Xerox unit was improper and also limited a pharmaceutical company's recovery for a securities suit, while the Sixth Circuit refused to review Home Depot's data breach coverage loss. Here, Law360 takes a look at the past week's top insurance news.

  • February 06, 2025

    Insurance Expert Tackles Super Bowl Coverage Risks

    The Kansas City Chiefs and Philadelphia Eagles earned their way to the Super Bowl only last week, but the NFL, host city New Orleans, the stadium and others have spent years planning and securing the necessary insurance coverage to ensure the biggest sporting event of the year is properly protected. Here, insurance industry veteran Lori Shaw spoke with Law360 about insuring one of the world's most-watched sporting events.

  • February 05, 2025

    Ga. Judge Balks At Zurich's Claim Of Surprise Testimony

    A Georgia federal judge has rejected Zurich American Insurance's bid to strike supposed surprise testimony from a recent trial where it lost $12.2 million over a disputed rain damage claim from a solar farm, ruling Wednesday that the real surprise was Zurich's belated and meritless objections.

  • February 05, 2025

    Insurers Sued Over $8M In Water Damage At Wash. Condos

    Farmers and Western National have allegedly breached their property insurance policies by refusing to cover nearly $8 million in hidden water damage at two Seattle-area condominium complexes, according to separate complaints filed by the condo owners associations.

  • February 05, 2025

    Apply Presuit Notice Law Retroactively, Insurer Tells Fla. Court

    Universal Property and Casualty Insurance Co. on Wednesday urged the Florida Supreme Court to reverse a decision declining to apply a state law requiring presuit notice against a property insurance carrier to a policy purchased before the law's effective date.

  • February 05, 2025

    Calif. Panel Revives Malpractice Suit Against Insurer Attys

    A California state appeals court revived an Allstate policyholder's legal malpractice suit against his insurer-appointed attorney, saying the policyholder sufficiently alleged the attorney's drafting of an underlying settlement in a wrongful death suit caused him damages.

  • February 04, 2025

    State Farm Seeks Emergency Rate Hike After Calif. Fires

    State Farm asked the California Department of Insurance to approve an emergency rate hike, including a 22% average increase for homeowners across the state, citing the company's worsening financial condition following the fires in Los Angeles.

  • February 04, 2025

    Ecovie Brings Water Recycling Tech To Real Estate

    With building developers and operators increasingly having to pay attention to water management, the property technology firm Ecovie is looking to do its part to help the situation, property by property.

  • February 03, 2025

    Climate Group Says Insurance Hikes Threaten Housing Market

    The U.S. housing market could sustain a $1.4 trillion loss in value over the next 30 years as insurance costs surge and consumer demand shifts due to climate change, according to a report Monday from climate analytics company First Street.

  • February 03, 2025

    NC Justices Urged To Reject Appeal Over Rate Hike Approvals

    North Carolina's insurance commissioner urged the state's highest court to reject a policyholder's appeal challenging a series of insurer rate hike approvals in court, saying an appeals panel correctly found that the policyholder failed to support his claims that intervening in the preceding approval process was impossible.

  • February 03, 2025

    Yacht Building Co. Faces Sanctions For Hiding Hoist Failure

    A Washington federal judge has said yacht builder Delta Marine Industries owed sanctions over its failure to provide access to parts related to a boat hoist that failed during the launch of a yacht in a $3.4 million dispute between Lloyd's syndicates, underwriters and a Seattle boat builder.

  • January 31, 2025

    LA Fire Claims Tracker Reports More Than $4.2B In Payments

    More than $4.2 billion in claims has been paid in connection with the devastating Eaton and Pacific Palisades fires in Los Angeles County that erupted in early January, according to data from a California Department of Insurance tracker.

  • January 31, 2025

    Supreme Court Eyes Its 'Next Frontier' In FCC Delegation Case

    A case about broadband subsidies will give the U.S. Supreme Court the chance to revive a long-dormant separation of powers principle that attorneys say could upend regulations in numerous industries and trigger a power shift that would make last term's shake-up of federal agency authority pale in comparison. And a majority of the court already appears to support its resurrection.

  • February 14, 2025

    Law360 Seeks Members For Its 2025 Editorial Boards

    Law360 is looking for avid readers of our publications to serve as members of our 2025 editorial advisory boards.

  • January 30, 2025

    LA Fires Raise Flood And Mud Risk, But Coverage Possible

    Los Angeles' first significant post-fire rainfall last weekend heightened the prospect that the city could suffer more damage from flooding and mudslides in burn areas, but policyholder attorneys say coverage for those normally excluded perils is possible.

  • January 30, 2025

    Trump Tariffs Could Raise LA Fire Insurance Recovery Costs

    Large new tariffs under the second Trump administration could increase the cost of recovery efforts in Los Angeles for a series of major fires that are already expected to come with record-setting expenses for the insurance industry, according to experts.

  • January 30, 2025

    Allstate Units Say No Coverage For Rental Home Fire Dispute

    Two Allstate insurers told a Pennsylvania federal court Thursday that they shouldn't have to cover an underlying suit accusing a group of college students of breaching their lease agreement after the New Jersey-based property they were renting caught fire due to improper disposal of smoking materials.

  • January 30, 2025

    3-Year Rule Repeal In La. Shifts Risk To Policyholders

    A new year brings legislative changes and Louisiana was no exception after Gov. Jeff Landry approved a bill repealing the state's "three-year rule," a move intended to increase insurance competition in the Pelican State that left experts split over whether carriers will be awarded flexibility at homeowners' expense.

  • January 30, 2025

    Crypto Cos. Seek $6.3M From Travelers Over Building Fire

    A pair of cryptocurrency mining companies accused two Travelers units of exacerbating their fire loss, telling a Michigan federal court that they negligently allowed individuals to steal their mining machines and hired a debris removal contractor that caused the property to collapse, seeking more than $6.3 million in damages.

  • January 30, 2025

    Mass. High Court Backs Insurers' Lost Resale Value Exclusion

    Language in Massachusetts auto insurance policies limiting coverage to "tangible losses" lets MAPFRE Insurance subsidiary Commerce and other companies off the hook for claims based on lost resale value after an accident, the state's highest court said on Thursday.

  • January 30, 2025

    Insurance Litigation Week In Review

    An environmental remediation company must cover Anadarko Petroleum Corp. in a decade-old kickback suit, a Zurich insurer owes $12.2 million to a solar energy company for rain damage and the Baylor College of Medicine can't recover a $12 million award for its pandemic-related losses. Here, Law360 takes a look at the past week's top insurance news.

  • January 29, 2025

    Senate Banking Committee Forms NFIP Working Group

    With the National Flood Insurance Program's authorization set to expire in March, the U.S. Senate Committee on Banking has formed a working group to reform the program and work toward long-term reauthorization, a press release from committee chairman and South Carolina Republican Sen. Tim Scott said.

  • January 29, 2025

    Zurich Unit Says Bissell Subsidiary's Faulty Fan Caused Fire

    A Zurich unit is seeking to recoup over $450,000 paid in connection with a fire that incurred over $2 million in damages allegedly caused by a defective fan sold by a Bissell Homecare Inc. subsidiary, according to a suit removed to Oregon federal court.

Expert Analysis

  • Breaking Down 4th Circ. Pendent Appellate Jurisdiction Ruling

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    As illustrated by the Fourth Circuit's recent decision in Elegant Massage v. State Farm, denying class certification and granting a motion to dismiss, federal appellate courts continue to struggle with defining the scope of pendent appellate jurisdiction — or jurisdiction over nonfinal orders below, says Joan Steinman at the Chicago-Kent College of Law.

  • Notable Q1 Updates In Insurance Class Actions

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    Mark Johnson and Mathew Drocton at BakerHostetler discuss notable insurance class action decisions from the first quarter of the year ranging from salvage vehicle titling to rate discrimination based on premium-setting software.

  • Why RWI Insurers Should Consider Excluding PFAS

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    As regulation of per- and polyfluoroalkyl substances escalates, carriers providing representations and warranties insurance should reconsider providing PFAS coverage on a case-by-case basis, say Dave Bartoletti and Ina Avalon at Taft Stettinius.

  • Don't Use The Same Template For Every Client Alert

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    As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit the audience and subject matter, says Jessica Kaplan at Legally Penned.

  • Class Actions At The Circuit Courts: April Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses three notable circuit court decisions on topics from the Class Action Fairness Act to consumer fraud — and provides key takeaways for counsel on issues including CAFA’s local controversy exception and Article III standing to seek injunctive relief.

  • Being An Equestrian Makes Me A Better Lawyer

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    Beyond getting experience thinking on my feet and tackling stressful situations, the skills I've gained from horseback riding have considerable overlap with the skills used to practice law, particularly in terms of team building, continuing education, and making an effort to reset and recharge, says Kerry Irwin at Moore & Van Allen.

  • Top 10 Queries For Insurers Entering Surplus Lines Market

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    John Emmanuel at Locke Lord discusses what insurers should understand before entering into the surplus lines market, a growing, state-regulated area, subject to much variation in application and enforcement.

  • Sorting Circuit Split On Foreign Arbitration Treaty's Authority

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    A circuit court split over whether the New York Convention supersedes state law barring arbitration in certain disputes — a frequent issue in insurance matters — has left lower courts to rely on conflicting decisions, but the doctrine of self-executing treaties makes it clear that the convention overrules state law, says Gary Shaw at Pillsbury.

  • What New Conn. Insurance Bulletin Means For Data And AI

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    A recent bulletin from the Connecticut Insurance Department concerning insurers' usage of artificial intelligence systems appears consistent with the National Association of Insurance Commissioners' gradual shift away from focusing on big data, and may potentially protect insurers from looming state requirements despite a burdensome framework, say attorneys at Day Pitney. 

  • Policy Misrepresentations Carry Insurance Rescission Risks

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    The Second Circuit's recent decision in Medical Mutual v. Gnik, finding that material misrepresentation in a clinic's insurance applications warranted policy rescission, is a clear example of the far-reaching effects that misrepresentations can have and provides a reminder that policyholders should employ relatively straightforward steps to decrease risks, say attorneys at Hunton.

  • 2nd Circ. Ruling Clarifies When Demand Letters Are Claims

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    The Second Circuit’s decision last week in Pine Management v. Colony Insurance, affirming that an insurer had no obligation to defend an insured for claims made before the policy period, provides clarity on when presuit demands for relief constitute claims — an important issue that may be dispositive of coverage, says Bonnie Thompson at Lavin Rindner.

  • A Legal Playbook For Stadium Construction Agreements

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    As a new wave of construction in the professional sports arena space gets underway, owners must carefully consider the unique considerations and risks associated with these large-scale projects and draft agreements accordingly, say attorneys at Akerman.

  • Insurance Policy Takeaways From UK Lockdown Loss Ruling

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    An English court's recent decision in Unipolsai v. Covea, determining that insurers' losses from COVID-19 lockdowns were covered by reinsurance, highlights key issues on insurance policy wordings, including how to define a "catastrophe" in the context of the pandemic, says Daniel Healy at Brown Rudnick.

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