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State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup

State Farm Adjuster’s Opinion Does Not Override Policy Exclusion in MS Sewage Backup

Insureds cannot rely on the word of an insurance adjuster—even one hired by the insurer—to show that a homeowners’ policy covers sewage backup, a federal appeals court said in a case that underscored the sanctity of policy exclusions but...

State Farm ›

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AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage

AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage

A state high court has ruled subsidiaries of American International Group (AIG) and Chubb cannot use the so-called “bump-up” exclusion in denying coverage for a settlement in a securities lawsuit. Late last month the Delaware Supreme...

Chubb ›

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