Colo. FAIR Plan Gives Policyholders Options At A Cost
Colorado launched the country's first new Fair Access to Insurance Requirements, or FAIR, Plan in 40 years to offer residents another tool in an increasingly challenging wildfire, hail and wind market, but experts emphasized that this limited form of coverage is not intended to address affordability concerns.
Policyholders Must Prep For Hurdles In FCA Suits, Atty Says
Policyholders face numerous coverage issues for underlying claims made under a federal law addressing fraud in government programs, including high states and unusual circumstances, said Lilit Asadourian, a policyholder-side attorney who has fought these issues in Delaware courts and beyond. Here, Asadourian tells Law360 how policyholders can anticipate and address coverage challenge in False Claims Act suits.
General Aviation Insurance Stays Steady Through Turbulence
The general aviation and airline insurance industry remains steady despite supply-chain concerns and a rise in accident rates. Here, Philip Stafford, a senior partner in Gallagher's aerospace division, shares his thoughts on the current state of this sector with Law360.
Colo. FAIR Plan Gives Policyholders Options At A Cost
Colorado launched the country's first new Fair Access to Insurance Requirements, or FAIR, Plan in 40 years to offer residents another tool in an increasingly challenging wildfire, hail and wind market, but experts emphasized that this limited form of coverage is not intended to address affordability concerns.
Policyholders Must Prep For Hurdles In FCA Suits, Atty Says
Policyholders face numerous coverage issues for underlying claims made under a federal law addressing fraud in government programs, including high states and unusual circumstances, said Lilit Asadourian, a policyholder-side attorney who has fought these issues in Delaware courts and beyond. Here, Asadourian tells Law360 how policyholders can anticipate and address coverage challenge in False Claims Act suits.
General Aviation Insurance Stays Steady Through Turbulence
The general aviation and airline insurance industry remains steady despite supply-chain concerns and a rise in accident rates. Here, Philip Stafford, a senior partner in Gallagher's aerospace division, shares his thoughts on the current state of this sector with Law360.
Expert Analysis
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Property More
Colorado lawmakers are contemplating insurance bills that experts say could help improve the state's market by boosting home resilience, but there are still cost concerns and skepticism that other proposals ar... (more story)
Auto insurers can't shake feds' "forced coverage" claims, the Suquamish Tribe asks the U.S. Supreme Court not to weigh in on its COVID-19 coverage case, saying its court has jurisdiction, IBM wants coverage fo... (more story)
A Louisiana federal judge again refused to find that the insurer of a suburban New Orleans commercial property acted in bad faith in denying to cover $220,000 in damage Hurricane Ida allegedly caused in 2021.
Insurance regulators must strengthen their understanding of the threats posed by climate change and better consider how those risks will shape the stability of the sector, a group of international regulators said in a report.
Oil and gas companies told a Texas federal court on Wednesday that their insurer must pay to defend them against pass-through claims in connection with underlying pollution lawsuits thanks to a purchase and sa... (more story)
The Suquamish Tribe told the U.S. Supreme Court it shouldn't hear a group of insurers' bid to litigate COVID-19-related property insurance claims outside tribal court, arguing the Ninth Circuit correctly held ... (more story)
A Louisiana parish has again urged the Fifth Circuit to send its dispute over coverage for property damage caused by a pair of hurricanes back to district court, saying "everyone agrees" that the lower court m... (more story)
General Liability More
A Liberty Mutual unit said it is owed over $500,000 for defending a contractor in underlying litigation over a crane incident, telling a New York federal court that the contractor qualifies as an additional in... (more story)
An insurer for bus operator Coach USA Inc. asked a Delaware bankruptcy court to find that it does not owe commercial auto liability coverage for certain claims arising out of Coach's operations that are insure... (more story)
An insurer has no duty to defend a roofing contractor in a wrongful death lawsuit alleging that two individuals died from the collapse of a building facade, an Illinois federal court ruled, finding a prior wor... (more story)
IBM has taken several of its excess commercial general liability insurers to New York federal court, arguing that following IBM's coverage settlements with underlying insurers, they are now on the hook for ove... (more story)
A nonprofit cannot get more coverage from Auto-Owners Insurance Co. for an employee theft scheme that caused losses totaling roughly $554,000, a Kansas federal court ruled, interpreting the scope of a "prior l... (more story)
A former student of a Brooklyn private school said two Chubb units are on the hook for a $9 million settlement he entered into with the school to resolve sexual abuse claims, telling a New York federal court t... (more story)
Specialty Lines More
A North Carolina Supreme Court justice seemed skeptical of a construction company's argument that a sheriff's department should cover the entire cost of a workers' compensation payout to a deputy injured while... (more story)
A trio of Oxford Risk Management Group LLC reinsurance customers this week won fast-tracking of three Court of Chancery suits that raised multiple claims, including for treble damages, after ORMG declared that... (more story)
Several unlicensed individuals submitted hundreds of fraudulent charges for services provided to Geico-insured car accident victims, the insurer has alleged in New York federal court, claiming it lost more tha... (more story)
A healthcare company was rightfully denied coverage for a settlement over the erroneous approval of a Florida Medicaid recipient's out-of-state treatment, a Fifth Circuit panel ruled, finding the company breac... (more story)
Public interest nonprofit Consumer Watchdog sued California's insurance chief in Los Angeles Superior Court on Monday to stop him from allowing insurance companies to offset hundreds of millions of dollars in ... (more story)
Beazley Insurance Co. and certain former directors and officers of a special purpose acquisition company that ultimately became a solar financing company accused the successor company in Delaware Chancery Cour... (more story)
A law firm isn't owed additional coverage after hackers allegedly stole more than $1.5 million intended for an attorney who had partnered with the firm on a personal injury case, its cyber insurer said, asking... (more story)