Explaining Deductibles After Multiple Florida Hurricanes October 16, 2024 By Patrick Wraight Deductibles serve several purposes. They provide some premium relief for the insured. They make insureds less likely to file smaller...
London’s ExCel Centre Wins Insurance Appeal Over COVID-19 Losses September 6, 2024 By Sam Tobin The owners of London’s ExCel conference center on Friday won an appeal brought by insurers, including Allianz, over pandemic-related losses,...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage July 22, 2024 By Chad Hemenway Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley...
Survey: Most Homeowners Believe Their Policy Covers Flood June 20, 2024 Most U.S. homeowners don’t know the policy covering their home doesn’t cover flooding, a new survey shows. Respondents in a...
Washington Commissioner Wants Insurers to Modify Claims Process for Wildfire Victims March 6, 2024 Washington Insurance Commissioner Mike Kreidler on Wednesday sent a letter to insurers urging them to consider loosening personal property claim...
Supreme Court Opinion on Maritime Law Solidifies Insurer’s Choice-of-Law Clause March 1, 2024 By Chad Hemenway A dispute between an insurer and a yacht owner went all the way to the U.S. Supreme Court with a...
Home Depot Appeals to Get Defense Costs From CGL Policies for 2014 Breach December 15, 2023 By Chad Hemenway Think cyber events don’t have long tail? Consider this: Home Depot is still in a legal battle to get $50...
Chubb Loses Bid to Enforce D&O Coverage Exclusions in Opioid-Related Case August 30, 2023 By Chad Hemenway A federal judge in North Carolina has ruled against a Chubb subsidiary in an attempt to rid itself of defense-cost...
Insurer Must Defend Firm Sued for Selling Facial Recognition Program to Police June 16, 2023 By Jim Sams An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued...
Consistent Policy Wording Bringing Some Relief to Evolving Cyber Market May 19, 2023 By Elizabeth Blosfield Consistency within cyber insurance policies is something the industry has been grappling with for nearly a decade, according to speakers...