Meta MDL Suit May Be Preview Of Social Media Cos.' Fortunes
The Delaware suit by Meta's insurers to free them from defending numerous lawsuits alleging the company deliberately designed addicting platforms follows a familiar legal playbook, but may influence other social media companies' odds in similar suits in the pivotal jurisdiction.
6th Circ. Grills Home Depot Over Data Breach Coverage Fight
Home Depot urged a Sixth Circuit panel to find that a contested electronic data exclusion in its commercial general liability excess policies was ambiguous, "tacking a crack" at persuading the appellate court that a 2014 data breach didn't involve the loss of use of electronic data.
Election Highlights States' Role On Insurer Climate Risks
Working together to understand climate change risks to insurers and their policyholders should be a priority for state regulators, as already limited federal initiatives to study those risks are set to decrease in a Trump administration, risk and climate experts say.
Meta MDL Suit May Be Preview Of Social Media Cos.' Fortunes
The Delaware suit by Meta's insurers to free them from defending numerous lawsuits alleging the company deliberately designed addicting platforms follows a familiar legal playbook, but may influence other social media companies' odds in similar suits in the pivotal jurisdiction.
6th Circ. Grills Home Depot Over Data Breach Coverage Fight
Home Depot urged a Sixth Circuit panel to find that a contested electronic data exclusion in its commercial general liability excess policies was ambiguous, "tacking a crack" at persuading the appellate court that a 2014 data breach didn't involve the loss of use of electronic data.
Election Highlights States' Role On Insurer Climate Risks
Working together to understand climate change risks to insurers and their policyholders should be a priority for state regulators, as already limited federal initiatives to study those risks are set to decrease in a Trump administration, risk and climate experts say.
Expert Analysis
A New York appellate court's recent decision finding that Rockefeller University alleged viable bad faith claims a... (more story)
Total loss valuation cases and labor depreciation cases dominated the past quarter of insurance class actions, wit... (more story)
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New guidance from the New York Department of Financial Services explains how financial institutions should assess ... (more story)
Property More
A Colorado state judge was skeptical Friday that a single liability trial for the thousands of plaintiffs suing Xcel Energy over a 2021 wildfire would deprive some people of a fair day in court, pressing lawye... (more story)
In a case with potentially untold financial consequences, California district attorneys are blaming Travelers in state court for trying to attract customers by offering coverage for fungi and rot remediation f... (more story)
United Fire & Casualty Co. reached a settlement in its $1.7 million suit against a Texas sign-making company, resolving its bid to recover funds paid to a bed and breakfast after a fluorescent sign caught fire... (more story)
The Philadelphia Eagles pressed a Pennsylvania federal court to rethink its decision tossing the football team's suit against its insurer over coverage for pandemic-related losses, calling its case different f... (more story)
A no-fault auto insurer alleged in a new complaint Wednesday that Michigan personal injury attorneys and their law firms are engaging in a smear campaign to drive the insurer out of the state, accusing the att... (more story)
The insurance industry must take a more meaningful approach to promoting climate-friendly underwriting and investment practices in support of the transition to a net-zero economy, the United Nations' insurance... (more story)
Four Los Angeles area residents were charged with insurance fraud and conspiracy after claiming that over $141,000 in damages to luxury autos were caused by a bear, though videos submitted to their insurers sh... (more story)
General Liability More
A Michigan federal court formally dismissed an insurer's declaratory action seeking to avoid covering a daycare and a former employee in an underlying lawsuit accusing the employee of physically and emotionall... (more story)
A homeowners association's insurer told a Virginia federal court it needn't cover underlying lawsuits alleging a lifeguard employed by the association's contractor allowed hazardous chemicals to spread and hur... (more story)
An insurer for a Nashville subcontractor told a Tennessee federal court that it doesn't owe coverage for an underlying $2.5 million lawsuit brought by residents surrounding a project site where the subcontract... (more story)
A First Circuit panel affirmed an insurer's win Friday, concluding that the carrier and excess insurers owed no coverage to a general contractor embroiled in underlying litigation regarding damage caused by a ... (more story)
The insurer for a New Jersey ballet school told a federal court it didn't owe coverage for a $30 million consent judgment reached in a consolidated underlying action brought by former students of the school, c... (more story)
A repair company's president who was involved in a fatal accident while driving a truck he personally owned but also used on the job can't be covered under its commercial auto policies, an Alaska federal court... (more story)
Specialty Lines More
Mortgage servicer Mr. Cooper Group Inc. accused units of AIG and Berkshire Hathaway of violating Texas' insurer deceptive trade practices and unfair claim settlement laws, telling a Texas federal court Thursda... (more story)
The First Circuit upheld a Berkley unit’s win in a construction defect coverage suit, the Ninth Circuit affirmed that an unlawful exclusion in an auto policy should be reformed and not voided, and the Third Ci... (more story)
OpenText told a Michigan federal court it should be dismissed from an insurer's suit seeking to avoid coverage of a class action from former Covisint shareholders alleging an unfair merger, saying it's not inv... (more story)
The insurer for a homeowners association asked a South Carolina federal court Wednesday to determine that a dispute over the organization's attempt to ban residents from hunting deer on their property was not ... (more story)
A slew of insurers for owners of certain Hyundai and Kia vehicles are suing the companies in a case removed to California federal court Wednesday, seeking to recoup costs associated with almost a decade of cla... (more story)
Perkins Coie LLP is rehiring an insurance litigator from Pillsbury Winthrop Shaw Pittman LLP, as the firm's insurance recovery work has more than doubled in the past three years, that group's practice chair to... (more story)
Government-backed mortgage buyer Freddie Mac cannot obtain coverage solely because its employees received subpoenas from the U.S. Securities and Exchange Commission, a D.C. federal court ruled while also holdi... (more story)