The three largest U.S. drug distributors and drugmaker Johnson & Johnson (JNJ.N) have agreed to pay $590 million to resolve claims by hundreds of Native American tribes that the companies fueled an opioid epidemic in their communities.
In Farm Bureau v. Dana, the North Carolina Supreme Court held that the Financial Responsibility Act requires a claimant to treat the per accident limit of coverage as the total sum that is available to all claimants entitled to a share of available UIM coverage, provided that the amount of UIM coverage available to any individual claimant is limited to the per person amount.
Large loss insurance claims implicate excess and umbrella insurance policy limits, usually starting at one million dollars and above. These claims typically involve multiple parties, complex legal issues, tens of thousands of discovery documents and a multi-year litigation trajectory.
Recently, the Northern District of Texas found a commercial general liability policy did not provide coverage for the death of a utility contractor who suffocated after he was buried in a pit of gravel by another worker.
California prosecutors have filed two counts of vehicular manslaughter against the driver of a Tesla on Autopilot who ran a red light, slammed into another car and killed two people in 2019.
Merck & Co.‘s victory in a legal dispute with insurers over coverage for $1.4 billion in losses from malware known as NotPetya is expected to force insurance policies to more clearly confront responsibility for the fallout from nation-state cyberattacks.
Applied Underwriters has responded to the lawsuit filed against it by QBE, calling the complaint ‘meritless.’ QBE had filed a petition in the Supreme Court of the State of New York for injunctive relief, naming Applied Underwriters and four of its former aviation professionals who are now Applied Underwriters employees as respondents.
The Second Circuit has now joined the Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, and Eleventh Circuits in holding that no insurance coverage exists for business interruption losses caused by the Covid-19 pandemic and the associated government orders.
A Miami judge’s certification of a lawsuit against Florida’s largest utility company as a $10 billion class action, with damage claims from more than 4 million people who lost power in Hurricane Irma, could have significant repercussions for self-insurers and insurance companies in the years ahead.
Third-party litigation funding, or TPLF, has become a booming business onto its own.<br />An estimated $17 billion was invested into litigation funding globally in the year 2020, with the U.S. taking more than half of it.
New Jersey Governor Phil Murphy, who has been sworn in for a second term, has signed into law some legislation to allow policyholders to sue their auto insurers for as much as three times the applicable coverage amount.
They go by a fairly innocuous name: Per-And Polyfluoroalkyl Substances, or PFAS. Found in many items from food packaging to firefighting foam, PFAS chemicals have been used for decades.
Lawyers on Monday filed a wrongful death lawsuit in Madison County, Illinois against online retailer Amazon and two other companies on behalf of the family of delivery driver Austin McEwen, who was killed Dec. 10, 2021, when a tornado struck the Amazon fulfillment center where he was working.
New data from claims litigation management software provider, CaseGlide, shows that the number of new litigated claims dropped 7% between November and December 2021, for Florida’s largest P&C insurers.
