A putative class action securities lawsuit was filed Friday against auto insurtech company Root Inc. and its directors and officers after its stock price dropped dramatically following an analyst’s negative report.
There has been a lot of talk lately, and a lot of presentations, about the pros and cons of virtual alternative dispute resolution (ADR)—video arbitrations and mediations.
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List.
The Eagles have sued an insurance company in a dispute over what the NFL franchise is owed from a policy as a result of economic losses from the pandemic.
Throughout my career in practicing insurance-defense litigation, primarily representing developers, general contractors, and homebuilders in construction-defect and construction-accident matters, the most critical key to success has been the ability to identify and transfer risk to the culpable parties.
What do claims professionals want from their assigned counsel? Adjusters rely heavily on counsel to provide important and relevant information, which the adjusters must analyze in order to determine the strategy for any particular claim.
When Jeff Sedlik opens up Amazon, he sees his work for sale all over the place. A successful commercial photographer, his photos are easily spotted on T-shirts, hats, bibs, mugs, calendars, cell phone cases and so forth. Few of those sellers use his work with permission.
When insurance coverage is in question for a liability suit, parties initially focus on whether the pleadings require the insurance company to defend its insured.
An insurer’s duty to afford coverage to an insured may depend, in large part, upon the nature of the claim asserted against the insured in an underlying demand or complaint as compared to the language of the policy.
A federal judge in Chicago has ruled that pandemic-related business closings and capacity limits can qualify as a ‘direct physical loss’ to property that is covered by "business interruption" policies.
U.S. District Judge Andrew S. Hanen of the Southern District of Texas denied Megasand Enterprise Inc.’s motion to dismiss a lawsuit brought by its insurer Everest National Insurance Company. In its lawsuit, Everest seeks a decision relieving it from having to defend Megasand from claims that its discharges worsened flooding following Hurricane Harvey.
A new report looking into the first COVID-19 business interruption lawsuit that went to trial notes how the case underscores insurers’ strengths going into such legal proceedings – but there are some outlier cases that could still put insurers on the hook.
