Trade Atty Explores UK Insurance Ruling On Stranded Planes
In finding that major insurers are obliged to pay aircraft lessors billions over planes stranded in Russia following its invasion of Ukraine in 2022, a London court offered an interpretation of war risk loss that could set the stage for future litigation and change how carriers approach coverage, a trade law attorney told Law360. Here, Linda Jacques, a U.K.-based partner at Lester Aldridge LLP, dives into the ruling's implications and possible next steps.
Fed. AI Moratorium Proposal May Undo State Insurance Regs
A proposed federal moratorium on state regulation of artificial intelligence systems has raised alarms from state insurance regulators and practitioners, who say the broad scope of the moratorium may threaten to undo long-established practices and spread confusion across the industry.
Air India Disaster Likely To Pose Massive Insurance Costs
Thursday's deadly Air India disaster could implicate a range of insurance coverage proceedings, but experts said massive costs will likely be shared by multiple insurers in a process that will be shaped in part by investigations into the cause of the crash.
Trade Atty Explores UK Insurance Ruling On Stranded Planes
In finding that major insurers are obliged to pay aircraft lessors billions over planes stranded in Russia following its invasion of Ukraine in 2022, a London court offered an interpretation of war risk loss that could set the stage for future litigation and change how carriers approach coverage, a trade law attorney told Law360. Here, Linda Jacques, a U.K.-based partner at Lester Aldridge LLP, dives into the ruling's implications and possible next steps.
Fed. AI Moratorium Proposal May Undo State Insurance Regs
A proposed federal moratorium on state regulation of artificial intelligence systems has raised alarms from state insurance regulators and practitioners, who say the broad scope of the moratorium may threaten to undo long-established practices and spread confusion across the industry.
Air India Disaster Likely To Pose Massive Insurance Costs
Thursday's deadly Air India disaster could implicate a range of insurance coverage proceedings, but experts said massive costs will likely be shared by multiple insurers in a process that will be shaped in part by investigations into the cause of the crash.
Expert Analysis
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Property More
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An insurer for a South Carolina pizzeria wrongfully refused to pay its full $926,000 policy limit after a fire destroyed the building where the restaurant was located, the business said in a suit removed to federal court.
General Liability More
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The Massachusetts high court's decision in Trustees of Boston University v. CHA, holding that a bespoke contractual indemnity provision means that a construction defect claim is not subject to Massachusetts' s... (more story)
A signage company accused of failing to perform agreed upon work at a New York redevelopment project must reimburse Travelers over $4.5 million for settling a contractor's claims made against a performance bon... (more story)
A California federal court sided with Hyundai and Kia by finding that an Ohio products liability law bars negligence claims from five Ohio cities in sprawling multidistrict litigation alleging the automakers k... (more story)
An insurer says it owes no coverage for nearly $30 million in counterclaims against a construction company that allegedly violated its contract for a Texas project, telling a Tennessee federal court that the c... (more story)
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Specialty Lines More
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A pollution liability insurer for an oilfield services company told a Texas federal court it owes no coverage for two lawsuits accusing the company and a former subsidiary of groundwater contamination, arguing... (more story)
An air services company told a New York federal court that an AIG unit must provide general liability coverage for a lawsuit seeking nearly $2.5 million for grass damage from herbicides, while the unit counter... (more story)
An Illinois-based company must litigate its insurance coverage battle over merchandise damage from a Dallas tornado under New York law, a Texas appeals court affirmed, finding the company's "legal injury" took... (more story)
A Virginia homeowner cannot recover premiums he'd prepaid for private mortgage insurance under a federal law mandating such insurance for certain borrowers, the Fourth Circuit ruled Monday, finding the Homeown... (more story)
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House Republicans' sweeping budget bill proposes to promptly scale back the clean energy tax incentives established by the 2022 climate law, a move that would make it difficult for tax insurers to back project... (more story)
Mandarin Oriental notched a discovery win in its COVID-19 coverage action while appeals courts dealt further defeats in other pandemic-related insurance cases, Uber filed a racketeering lawsuit over sham injur... (more story)
As companies consider incorporating in less-regulated states than Delaware, they shouldn't neglect to balance the long-term insurance implications against the short-term benefits of lower taxes and a more perm... (more story)
California casino operators said they are entitled to defense coverage for suits brought by several tribes over their gambling operations, telling a federal court that their insurer has denied coverage based o... (more story)