Specialty Lines

  • August 31, 2021

    Ransomware Rise Prompts Soul-Searching By Cyber Insurers

    The growing complexity of ransomware attacks and skyrocketing demands, including the recent $70 million demand on software vendor Kaseya, have pushed insurers to consider tighter underwriting rules while facing internal challenges such as a lack of historical data on cyberthreats.

  • August 31, 2021

    Hochul Names Ex-Obama Adviser To Be Top NY Financial Cop

    New York Gov. Kathy Hochul said Tuesday that she is nominating a former Obama administration economic adviser and onetime Sullivan & Cromwell LLP lawyer to serve as New York's top financial services regulator.

  • August 30, 2021

    Law360 MVP Awards Go To 182 Attys From 77 Firms

    The elite slate of attorneys chosen as Law360's 2021 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • August 24, 2021

    Insurer Can't Escape Coverage Suit Over Stock Buyback Row

    A New York federal judge has refused to toss consulting firm LRN Corp.'s suit against its insurer over coverage for an underlying stock buyback dispute, rejecting the insurer's argument that the case couldn't proceed without LRN officers being party to the suit.

  • August 23, 2021

    Consumers Accuse Insurer Lemonade Of Storing Facial Data

    The digitally driven insurer Lemonade Inc. is facing a proposed class action accusing it of collecting biometric data from policyholders without their authorization by requiring them to upload videos of themselves during the claims process. 

  • August 19, 2021

    Insurer Wants Out Of Senior Facility's BIPA Class Suit

    Church Mutual Insurance Co. has told an Illinois federal judge that its $6 million policies do not cover a senior living facility in a proposed class action alleging violation of the state's biometric privacy law, saying the policies' exclusions bar coverage.

  • August 19, 2021

    Lexington Insurance Wants Out Of BCBS Antitrust Coverage

    AIG unit Lexington Insurance Co. has told an Illinois federal court that it shouldn't have to cover an antitrust suit against the Blue Cross Blue Shield Association, saying an exclusion for events connected to Alabama multidistrict litigation against Blue Cross precluded coverage.

  • August 17, 2021

    Beazley Picks Up US Cyberinsurance Head From Chubb

    Beazley PLC has secured Chubb's senior vice president of cyber underwriting to boost its U.S. cyber and tech practice, the insurance group said Tuesday.

  • August 17, 2021

    These Law Firms Have The Most Diverse Equity Partnerships

    After years of professing an unwavering dedication to promoting diversity in the legal industry, law firms have made only modest progress, particularly in their equity partnerships. But a handful of law firms are taking demonstrable steps to turn long-standing goals into realities.

  • August 16, 2021

    Law360's Diversity Snapshot: What You Need To Know

    Law firms are facing a renewed push to fix a long-standing lack of diversity, and this year's Diversity Snapshot provides a stark perspective on where they stand and how far they have to go. Here's our deep dive into minority representation at law firms in 2020.

  • August 13, 2021

    Ransomware Scourge Isn't Scaring Away Cyber Insurers

    Ransomware payments for cyberattacks have raised concerns for cyber insurers, but experts say those worries haven't led to a mass exodus in the cyber insurance market, just a hardening.

  • August 11, 2021

    Del. Judge Keeps Refiner's Securities Coverage Dispute Alive

    A Delaware judge refused Wednesday to dismiss a lawsuit alleging a group of insurers wrongfully denied coverage for two securities class actions against a CVR Refining LP unit, its former Chairman Carl Icahn and others, spurning the insurers' "race to the courthouse" to file their own suit in Texas days earlier.

  • August 11, 2021

    Hiscox Needn't Defend Med Co. In $6.4M False Ad Suit

    A policy that Hiscox Inc. issued to a regenerative medical company does not provide coverage for a state attorney general's $6.4 million lawsuit over alleged false advertisements for stem cell therapy, a Georgia federal judge has ruled.

  • August 06, 2021

    Cyber Insurer Corvus Buys Wingman Insurance

    Corvus has acquired fellow cybersecurity-focused carrier Wingman Insurance, a move that the insurer says will allow it to enter admitted markets and increase partnerships through digital platforms provided by Wingman.

  • August 03, 2021

    Insurer Wants No Delay In USC Sex Harassment Coverage Suit

    Ironshore Specialty Insurance wants its coverage dispute over settled sexual harassment suits against the University of Southern California and Dr. George Tyndall to continue, telling a federal court there is no need to stay the case pending the former USC gynecologist's criminal proceeding.

  • August 02, 2021

    Insurers Avoid Covering $177M Award To Jarden Stockholders

    A primary insurer and five excess insurers don't have to cover Jarden LLC for a $177 million award in an appraisal proceeding brought by dissenting stockholders to its 2016 merger with Newell Rubbermaid Inc., a Delaware state judge ruled.

  • July 29, 2021

    Insurer Says Ill. Produce Store's Policy Blocks BIPA Coverage

    Philadelphia Indemnity Insurance Co. filed suit Thursday asking a federal judge to declare it has no duty to defend two Illinois produce markets against underlying claims that their time-tracking practices violated a former employee's biometric privacy rights.

  • July 27, 2021

    Billabong Parent Co. Sues Insurer For Ransomware Coverage

    As a sportswear company was dealing with a ransomware attack demanding about $25 million in bitcoin payments to unlock its systems, Great American Insurance Co. was dragging its feet during the ordeal, the company alleged in a new lawsuit.

  • July 26, 2021

    Policyholders' Hack Coverage Hopes Surge With Landry's Win

    The Fifth Circuit's ruling that an insurer must defend a hospitality company in a $20 million data breach suit brought by JPMorgan Chase Bank's payment processing arm was a booster shot for policyholders seeking coverage for similar breaches under commercial general liability policies.

  • July 23, 2021

    Insurer Fights 5th Circ. Revival Of $6M Phishing Coverage Suit

    An AIG unit told the Fifth Circuit on Friday that real estate software company RealPage isn't entitled to coverage for a $6 million loss in a 2018 phishing scam, saying the software company wasn't holding the money when it was stolen.

  • July 22, 2021

    Hoguet Newman Adds Ex-Schlam Stone Insurance Atty In NY

    Hoguet Newman Regal & Kenney LLP is beefing up its insurance recovery practice with the addition of a longtime insurance attorney from Schlam Stone & Dolan LLP, the firm said.

  • July 21, 2021

    Nationwide Unit Beats Bad-Faith Claim In D&O Coverage Fight

    A Nationwide unit didn't act in bad faith when it denied coverage to a manager of a Colorado restaurant venture in a bankruptcy dispute, a New York federal court has found, saying the insurer had adequate reasons to believe the manager was not insured under its policy. 

  • July 21, 2021

    5th Circ. Says Insurer Must Defend $20M Data Hack Suit

    The Fifth Circuit on Wednesday reversed a ruling that Landry's Inc.'s insurer could escape its duty to defend the Houston-based hospitality chain in a $20 million data hack dispute with JPMorgan Chase Bank, finding the policy's definition of publication can include making credit card information generally available.

  • July 19, 2021

    Insurer Aims To Duck Coverage For Stolen Reuters Computers

    The Philadelphia Indemnity Insurance Co. told a New Jersey federal court that it isn't obligated to pay an information technology staffing business for the cost of hundreds of laptops stolen by an employee from Thomson Reuters, saying the media company legally owned the computers.

  • July 15, 2021

    XL Insurance Can Recoup $1M From AIG Unit In D&O Dispute

    XL Specialty Insurance Co. can recoup from AIG Specialty Insurance Co. $1 million in excess coverage that XL paid to defend and settle a loan dispute, a California federal judge has ruled, saying an AIG policy applied to the defense costs of directors involved in the dispute.