Steadfast Insurance News

Massachusetts High Court: Policy Terms, Not Common Law, Control in Loss Prevention Cost Claim

In a pollution liability case, the Massachusetts high court has determined that an insurer does not have a common law duty to cover the expenses that a business incurred in its efforts to prevent an imminent covered loss. Salad dressing …

Policy Doesn’t Obligate Insurer to Cover Prevention Costs. Should Common Law?

A salad dressing maker is seeking coverage from its insurer for costs it incurred in preventing a shutdown of one of its processing plants due to a pollution event. Massachusetts-based Ken’s Foods maintains its insurer has a common law duty …

A Picasso, an $18M Hole, a Casino Owner, an Auctioneer, an Insurer and a Contractor

Insurance specialist LeConte Moore and professional fine art appraiser Vincent Wiener deal with high-profile performers and artists and their works so hearing talk of big dollar figures is not unusual. Moore says he and his insurance colleagues are not surprised …

Virginia Court Grants Rehearing of Global Warming Claims Case

The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, …

Va. Supreme Court: Insurer Not Liable For Claims From Global Warming

The Virginia Supreme Court has ruled in favor of an insurance company in a closely watched legal case involving global warming. The high court ruled that Steadfast Insurance Co., which provided commercial general liability (CGL) coverage for energy company AES …