Looking Closer At ESG's Environmental Risks For D&O
Insurers Wrongly Denied COVID Claim, Del. Justices Told
D&O Coverage Offers Layered Protection In Bankruptcy
Looking Closer At ESG's Environmental Risks For D&O
Companies committing to environmental initiatives under the environmental, social and governance banner should be wary of "greenwashing" claims that could increase risk from a directors and officers insurance perspective, with breach of duty claims and political backlash also lurking as potential sources of risk.
Insurers Wrongly Denied COVID Claim, Del. Justices Told
An attorney for a multi-state water park venture told Delaware's Supreme Court on Wednesday that a lower court wrongly tossed its challenge to an insurer's rejection of COVID-19 business loss coverage based on an "overly interpreted and expanded" policy exclusion covering pollutants.
D&O Coverage Offers Layered Protection In Bankruptcy
Bankruptcy is considered a high-stress event for a company, and having the proper amount of coverage under a directors and officers liability policy is crucial to protect the business and individuals in the boardroom, legal experts say.
Expert Analysis
The Seventh Circuit's decision in USA Gymnastics v. Liberty Insurance last month establishes useful precedent for ... (more story)
Although a recent Law360 guest article suggested that the pendulum is about to swing in favor of policyholders see... (more story)
In light of an uptick in regulation and litigation surrounding per- and polyfluoroalkyl substances, product manufa... (more story)
Property More
American Family Mutual Insurance has no duty to defend a landscaper accused of botching its work for a pair of homeowners, an Illinois appeals court affirmed, finding that the homeowners failed to allege prope... (more story)
A California federal judge ruled a Berkshire Hathaway unit isn't responsible for covering a state court judgment related to unauthorized demolitions at a historic San Francisco building, finding the damages wo... (more story)
An Eighth Circuit judge on Wednesday accused an Iowa casino operator of lying and wasting the court's time after its attorneys realized in March that there wasn't federal diversity jurisdiction in its COVID-19... (more story)
Auto-Owners Insurance Co. urged the Illinois Supreme Court on Wednesday to keep a rental property's tenants from taking "a wrecking ball" to the duty to defend and reverse a lower court's finding that it shoul... (more story)
The Fifth Circuit declined to revive a New Orleans jeweler's COVID-19 pandemic business interruption suit against Axis Surplus Insurance Co., finding that a previous decision by the court doomed the jeweler's ... (more story)
A California federal judge has rejected bankrupt restaurant chain Garden Fresh's claims that its insurance covers losses caused by government-ordered COVID-19 shutdowns, saying it is making arguments that have... (more story)
A chocolatier asked a New York federal court to set aside a recent jury verdict and rule that a policy issued by a Chubb unit provides coverage for the company's Superstorm Sandy losses, saying the jury return... (more story)
General Liability More
Travelers told an Illinois federal court Wednesday that the insurer for a construction subcontractor has failed to pay its share of defense costs in an ironworker's suit claiming he was injured while crossing ... (more story)
The latest in the "take-home COVID" case in California over whether employers can be sued for the infection of a worker's relative and a $42 million medical malpractice verdict in Illinois lead Law360's Tort R... (more story)
AIG Specialty Insurance Co. urged a New Jersey federal court to toss a suit from a manufacturer of water treatment products seeking coverage for over $1.4 million in pollution penalties from state and local au... (more story)
Senate Finance Committee Chair Ron Wyden on Wednesday pressed Prudential Financial and Zurich Insurance over the growing use of special life insurance policies as tax shelters in an escalation of his inquiry i... (more story)
A Los Angeles County developer agreed to drop its lawsuit against Chubb Custom Insurance Co. that sought $5.9 million for remediation costs at a property it purchased.
Liberty Mutual unit Ironshore Specialty Insurance Co. has reached a settlement in principle with health care provider Conemaugh Health System Inc. to resolve their coverage dispute over an underlying medical m... (more story)
Hanover Insurance Group unit Citizens Insurance Co. of America reached a coverage settlement with a developer of interactive digital displays accused of violating Illinois' Biometric Information Privacy Act, t... (more story)
Specialty Lines More
An M&T Bank subsidiary told a Delaware federal court that just because an insurer says a $5 million life insurance policy amounts to a wager on a senior citizen's life doesn't mean it should be able to void th... (more story)
Blue Shield of California asked a federal court to find that it's owed millions in insurance coverage for what it spent to defend against lawsuits alleging it failed to reimburse hospitals for emergency room s... (more story)
The South Carolina Supreme Court reversed on Wednesday an appeals court's ruling and reinstated a summary judgment awarded to Progressive, finding that an automobile policy issued by the company to a man does ... (more story)
Victims of a deadly plane crash in Colombia sought in London court Wednesday to shut down a request by units of Tokio Marine and Aon to stop the victims' pursuit of compensation for the disaster in a Florida court.
Sparta Insurance Co. moved for an early win in its suit against Pennsylvania General Insurance Co. in Massachusetts federal court, claiming the insurer isn't holding up its end of a 2007 deal in which Sparta a... (more story)
An insurer voluntarily dismissed its coverage lawsuit against an Illinois nonprofit camp operator and its camp for an underlying suit alleging a camp employee sexually abused a teenage staff member, before the... (more story)
A cannabidiol company's insurer asked a West Virginia federal court weeks before its scheduled jury trial to toss the CBD business's counterclaims accusing it of bad faith and violating state unfair trade prac... (more story)