Poor Communities Least Insured, Congressional Analyst Says
Insurers Face Divided Regulator Response To AI Use Risks
Turning Tides: Real Estate's Impending Insurance Crisis
Poor Communities Least Insured, Congressional Analyst Says
Flood risk in the United States is understated by official maps, and lower income communities have less insurance protection for greater risk — two problems that come as threats to U.S. housing grow, a congressional budget analyst said Thursday.
Insurers Face Divided Regulator Response To AI Use Risks
Insurers are increasingly exploring methods for implementing artificial intelligence systems, and regulators across the United States are taking a variety of approaches to address concerns that such systems may exploit personal information or unfairly discriminate against consumers. Here, Law360 consults state insurance agencies to map out the insurer AI guidance landscape.
Turning Tides: Real Estate's Impending Insurance Crisis
Climate risk, once an abstract concept, is now a stark reality in the real estate industry as damage from stronger and more frequent weather events portends a drastic correction in the property insurance market. This new series explores state and local government efforts, shifting investor behavior, and home-buying trends as the climate-driven insurance crisis bubbles to the surface.
Expert Analysis
Recent cyber disruption incidents, like the Crowdstrike outage and the CDK Global cyberattack this summer, highlig... (more story)
The U.S. Securities and Exchange Commission's recent guidance on material cybersecurity incidents covers a range o... (more story)
In RockFence v. Lloyd's, a California federal court seeks to define who qualifies as a professional baseball playe... (more story)
Property More
The owner of a property leased to Red Lobster said a Zurich unit negligently failed to name the owner on settlement checks issued to the eatery after a fire, telling a New Jersey federal court the failure allo... (more story)
The Third Circuit reversed an early win a lower court handed to a couple whose son suffered serious injuries in a motorized dirt bike accident, finding that the couple's insurer needn't pay an additional $250,... (more story)
A Michigan-based insurer asked a Florida federal court Wednesday to grant a default final judgment in its indemnification suit against a contractor, seeking to force the company to cough up nearly $13 million ... (more story)
The U.S. Supreme Court’s corporate disclosure ruling, a California federal court’s take on advancement of subpoena-related defense costs and conflicting Delaware state court decisions on the enforcement of no-... (more story)
An insurer for a Hardee's restaurant urged a North Carolina state appeals court to revive its subrogation action over a December 2019 fire, after it said its counsel made a "regrettable mistake" in naming a re... (more story)
The Fifth Circuit declined to revive a proposed global settlement related to the 2010 BP oil spill, a Hawaii federal judge determined a coverage dispute stemming from the 2023 Maui wildfires belonged in state ... (more story)
Mound Cotton Wollan & Greengrass LLP, which represents insurance companies, secured a pair of new partners for its Fort Lauderdale, Florida, office, one from Zelle LLP and another from Kelley Kronenberg.
General Liability More
Two AIG units have no duty to defend a Texas-based firearms retailer against three lawsuits alleging that it knowingly sold unfinished firearm components that would later be assembled into untraceable "ghost g... (more story)
Bristol-Myers Squibb retirees hit the pharmaceutical giant and its investment adviser, State Street, with a class action Tuesday in New York, alleging they breached their fiduciary duty to pensioners by conver... (more story)
The insurer of a New Jersey restaurant must provide additional insured coverage to the restaurant's landlord in an underlying wrongful death suit, a Travelers unit told a federal court, saying Travelers should... (more story)
A Hawaii federal judge tossed an insurer's suit seeking to avoid representing a condo association and property manager after owners sent a letter blaming the association for illegally having insufficient insur... (more story)
An Ohio federal judge has transferred a challenge to Interior Secretary Deb Haaland over the agency's cancellation of a $20 million tribal loan guarantee to Federal Claims Court, arguing this week that the sol... (more story)
It's too early to determine whether Farmers Insurance Exchange and Cincinnati Insurance Co. must both provide excess coverage to a property manager facing potential liability for a drowning, a Texas state appe... (more story)
Specialty Lines More
A California state appeals court upheld the dismissal of a private equity executive's claims that two excess insurers had to cover the millions he said he and his companies incurred in litigation with his co-f... (more story)
A property management company is not owed coverage from two excess insurers in an underlying multidistrict litigation surrounding allegations of a price-fixing conspiracy involving software company RealPage In... (more story)
An insurer does not have to defend a Miami law firm in a lawsuit accusing it of overbilling a client, a Florida federal judge has ruled, finding that the underlying allegations do not constitute professional s... (more story)
An insurance company has urged a Montana federal court to temporarily block a group of construction companies from transferring assets, alleging they owe more than $2.6 million in payments, claims and attorney... (more story)
A Lloyd's of London syndicate is urging the North Carolina Business Court to toss a Cadwalader Wickersham & Taft LLP lawsuit seeking coverage for a 2022 data breach, saying the law firm failed to include three... (more story)
A door manufacturer pressed the Fourth Circuit to force an insurer to hand over $10 million in excess coverage in connection with a $39.5 million shareholder settlement over alleged lies to investors, arguing ... (more story)
The Supreme Court of Pennsylvania has agreed to review a decision tossing the "Red Book" pricing values used by the state's Bureau of Workers' Compensation to calculate reimbursement for prescription drug costs.