Three law firms filed a class-action lawsuit against Hawaiian Electric on Saturday, alleging that the utility’s downed power lines significantly contributed to the deadliest U.S. wildfire in more than a century.
A Missouri jury awarded $27.4 million in a trial last week stemming from a 2018 Birmingham apartment fire. The jury found in favor of Maxus Metropolitan, which managed the Metropolitan Apartments in Birmingham.
The insurer’s right of subrogation is equitable in nature, even if not based in contract. However, since the insurer steps into the shoes of its insured and is limited to the rights of its insured, an integral part of the investigation process is determining what rights the insured has.
Warren Buffet first used the term social inflation in 1977 to describe how society was expanding its view of what is covered by insurance. When Buffet coined the term, he was referencing the asbestos litigation making headlines and changing society at the time.
The Supreme Court on Thursday temporarily blocked a settlement reached with OxyContin maker Purdue Pharma that required members of the Sackler family who once controlled the company to pay $6 billion but shielded them from future lawsuits over the nation’s opioid crisis.
On June 3, 2023, Nevada Gov. Joe Lombardo signed into law AB 398 (the Act) which modifies the Nevada insurance code by restricting the types of liability policies that can be offered in the state.
When Hurricane Laura hit Lake Charles in August 2020, Aaron Sonnier’s roof was badly damaged. He was lucky: his insurance company quickly paid for repairs. But when he started noticing more damage to the house in the following months, things got messy.
When determining whether insurance coverage exists for a claim, a crucial consideration is whether the claim involves an event or occurrence that took place in a state other than where the relevant policy was delivered. This is often the case for large companies with national operations or markets.
‘While the Constitution addresses many weighty issues, the type of pork chops California merchants may sell is not on that list’ may be the most memorable single quote of the U.S. Supreme Court’s most recent term (see National Pork Producers Council v. Ross). But, here, we look at other cases and analyze other quotes that will be of interest and consequence to claims professionals.
From an outsider’s point of view, life in National Football League appears to be all glitz and glamour. Publicity and notoriety, life-changing money, the opportunity to showcase one’s craft against the sport’s best competition in the world. The list goes on and on. And while some players can successfully adjust to life as regular civilians after they hang up the cleats, others are not so fortunate.
Within the legal community, third party litigation funding (TPLF) is either lauded for its potential to expand access to justice, or decried for how it has further inundated society with lawsuits. Most, though, agree that TPLF has had a seismic impact on the litigation landscape.
The family of a 4-year-old who police say was killed in a hit-skip by a driver in a stolen Kia earlier this month on the West Side intends to hold the maker of Kias legally accountable, their attorney said.
There are many ways to quantify the impact of attorney involvement and social inflation (of which attorneys are a significant cause) on insurance carriers. One of the most striking examples is featured in a report by Jim Lynch and Dave Moore of the Casualty Actuarial Society, Social Inflation and Loss Development.
The special needs classroom abuse civil cases at Holz Elementary have settled for a record amount, making it the largest settlement against a public school board in West Virginia history.
Some of the world’s largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday.
