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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A recent Alaska Supreme Court ruling that a total pollution exclusion in a homeowners policy didn't bar coverage f... (more story)
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Property More
A real estate company could not show that its suit seeking $1.9 million in coverage for a title defect that limited access to its San Diego industrial property belonged in federal court, a California judge fou... (more story)
An insurance adjuster failed Monday to get the U.S. Supreme Court to define what "arbitration" actually means under the Federal Arbitration Act, seeking immunity after a Colorado state jury found he fraudulent... (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.
California property owners affected by the Los Angeles wildfires accused over 300 insurers of conspiring to eliminate competition in the marketplace, forcing consumers to instead obtain fire insurance from the... (more story)
A Georgia federal judge has shot down Zurich American Insurance Co.'s bid to escape a $12.2 million judgment that followed a January trial where a jury found the insurer shortchanged a Peach State solar farm's... (more story)
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)
General Liability More
Colorado Supreme Court justices on Monday said an insurer can't escape an economic loss rule that precludes parties from bringing tort claims over a breach of duty arising from a contract, holding that the rul... (more story)
The Eleventh Circuit on Friday reversed a $3.3 million judgment against a Florida lodge over a shooting that resulted in a woman's death, finding in a split ruling a jury should decide the bad faith issue of w... (more story)
An insurer said it has no duty to defend or indemnify a party equipment rental company in an underlying suit over injuries a child suffered while riding a mechanical bull at an event, telling a Texas federal c... (more story)
An insurer for a smoke shop told a Florida federal court it owes no coverage for a proposed class action accusing various shops of selling nitrous oxide products for recreational drug use, pointing to an exclu... (more story)
The Illinois Supreme Court will consider whether pollution exclusions in standard-form commercial general liability policies apply to industrial emissions allowed under a regulatory permit, the court said Thur... (more story)
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)
Specialty Lines More
An engineering firm's directors and officers insurer told a Nebraska federal court Monday it should owe no coverage for a settled lawsuit that accused the firm of conspiring to poach a rail contractor's employ... (more story)
Acuity Insurance LLC wants a Pennsylvania federal court to join two other insurers to its defense of a client accused of designing inadequate safety barriers at a Lancaster County raceway, claiming the other c... (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)
The U.S. Supreme Court's revival of Cornell University workers' class action alleging excessive retirement plan fees will likely spur a rise in lawsuits zeroing in on employers' arrangements with recordkeepers... (more story)
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)
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.