Insured’s Release Of Insurer Defeats Claim Of Third Party

When a computed tomography (CT) scanner was destroyed as a result of two fires at a storage facility, claims were presented and suits filed against the warehouse, Blocker Storage. Associated paid its limit of liability and received a release from the insured for Associated and all of the related companies.
August 10, 2022 Liability Litigation Florida

The Gavel Keeps Falling And General Liability Is In The Crosshairs

The general liability market has changed beyond recognition since the start of the COVID-19 pandemic. Ever-increasing economic and social inflation, medical expenses and litigation financing have all resulted in spiraling claim losses and legal costs, which continue to outstrip rates.
August 8, 2022 Liability Litigation

Crypto Risks Prompt Uptick In Insurance Exclusions

As the crypto market crashes, some insurance companies are stepping up efforts to exclude coverage for crypto-related risks under a range of insurance policies. But because crypto is still new, insurers are having a hard time defining and pricing the risk.
August 5, 2022 Excess & Surplus Lines Liability Property

Judge Rejects Part Of Boy Scouts’ Bankruptcy Related To Sex Abuse Claims

A Delaware bankruptcy judge has approved parts of the Boy Scouts of America’s reorganization plan but rejected other provisions, saying in a recent ruling that the organization has ‘decisions to make.’ One part Judge Laurie Selber Silverstein refused to approve was $250 million coming from The Church of Jesus Christ of Latter-day Saints to help settle claims alleging child sexual abuse by Scout leaders.
August 4, 2022 Fraud Liability Litigation Delaware

Louisiana And New York Courts Becomes First To Confirm Liability For COVID-19 Shutdowns

There is a hole in the dam. Prior to June 14, every one of the 77 federal and 44 state court appellate decisions interpreting the meaning of ‘direct physical loss or damage’ in a standard-form commercial property insurance policy had ruled against the policyholder.
August 1, 2022 Liability Litigation Subrogation Louisiana New York

Paramount, Insurer Settle Over ‘Mission: Impossible 7’ Delays Claims

Paramount has reached a confidential settlement with Chubb, its insurer, over claims arising from repeated COVID-19 production delays on ‘Mission: Impossible 7.’ The studio sued in August 2021, alleging that the insurer was trying to limit its losses to just $1 million.
August 1, 2022 Excess & Surplus Lines Liability Litigation

Effective Claims Resolution Starts Well Before Any Loss

All carriers and brokers encourage their insureds to read and understand their policies. Claims resolution relies on all the work after that. At best, when a claim occurs it is swiftly paid and insureds understand their policy language and feel protected by it.
July 27, 2022 Insurance Industry Liability Litigation Property Workers' Compensation

Owner, Insurer In Court Over Collapsed Bristol Hotel

After a construction project along Volunteer Parkway in Bristol partially collapsed in late 2020, the project’s owner and insuring agency are at odds due to a disputed payout that could total in the millions of dollars.
July 27, 2022 Excess & Surplus Lines Liability Tennessee

Former Students Seeking $345M Over Alleged Sexual Abuse

Twenty men who say they were sexually abused decades ago as students at a northwest Georgia private school are seeking $345 million in damages from the school’s insurers.
July 25, 2022 Liability Litigation Georgia

Biltmore Estate Sued Over Fatality Involving Hazardous Tree

The wife of a decorated New York City firefighter is suing the Biltmore Estate in Asheville, North Carolina, after a tree on the property fell on the family car and killed her husband, according to a lawsuit.
July 22, 2022 Liability Litigation North Carolina

Roe v Wade: Corporate Liability And D&O Exposures Abound

The Supreme Court’s decision last month to overturn Roe v Wade, which provided constitutional protection of abortion rights, has sent shockwaves across the country, and raised many questions about the future of reproductive care.
July 20, 2022 Liability

Construction Safety Professionals Struggle To Prevent Fall Hazards

Earlier this month, the Occupational Safety and Health Administration announced a new initiative to conduct surprise safety inspections for fall hazards. A day later, the agency announced $32,113 in fines for a Florida construction company where a 19-year-old worker died after falling from a clubhouse roof.
July 20, 2022 Liability Workers' Compensation

Best Practices For Evaluating Damages In Third-Party Liability Claims

Damages are an essential part of nearly every third-party liability claim. Yet, evaluating damages can invoke a sense of dread and anxiety in even the most seasoned of claims professionals and litigators.
July 13, 2022 Liability

Insurer Sues Amber Heard Over Johnny Depp Judgment And Legal Fees

An insurance company is suing actress Amber Heard on a three-pronged request: (1) that it be absolved of any duty to pay for her defense in a recent defamation case by her ex-husband Johnny Depp, (2) that it not be required to pay the multi-million dollar judgment Depp won against her, and (3) that it not have to pay any costs of ongoing litigation associated with an appeal.
July 11, 2022 Liability Litigation California

Ready To Take The Plunge?

Are you a lifelong learner looking for a claims professional designation? Do you need professional development engagement? Are you ready to take the next step in your claims career?
July 7, 2022 Education & Training Excess & Surplus Lines Liability Property Workers' Compensation
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