Trump's Anti-DEI Orders Stress Existing D&O Insurance Risks
President Donald Trump's executive orders targeting diversity, equity and inclusion initiatives in government and the private sector are putting pressure on companies and insurers, threatening to strain directors and officers policies that were already stressed by a mounting backlash to DEI programs.
Calif. Subrogation Bill Sets Insurers Against Oil Cos.
A California bill that would incentivize insurers to recoup disaster losses from oil and gas companies is being hailed by supporters as a novel way to hold large polluters accountable for climate change, but carrier attorneys say the bill is full of cost-drivers.
NFIP Flood Claim Borrowing Raises Viability Concerns
FEMA's recent announcement that it was borrowing $2 billion from the U.S. Treasury to pay National Flood Insurance Program claims related to Hurricanes Helene and Milton emphasizes the insurance program's need for reform amidst threats of agency cuts under the Trump administration, experts say.
Trump's Anti-DEI Orders Stress Existing D&O Insurance Risks
President Donald Trump's executive orders targeting diversity, equity and inclusion initiatives in government and the private sector are putting pressure on companies and insurers, threatening to strain directors and officers policies that were already stressed by a mounting backlash to DEI programs.
Calif. Subrogation Bill Sets Insurers Against Oil Cos.
A California bill that would incentivize insurers to recoup disaster losses from oil and gas companies is being hailed by supporters as a novel way to hold large polluters accountable for climate change, but carrier attorneys say the bill is full of cost-drivers.
NFIP Flood Claim Borrowing Raises Viability Concerns
FEMA's recent announcement that it was borrowing $2 billion from the U.S. Treasury to pay National Flood Insurance Program claims related to Hurricanes Helene and Milton emphasizes the insurance program's need for reform amidst threats of agency cuts under the Trump administration, experts say.
Expert Analysis
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Property More
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State Farm was asked to justify desired rate hikes in California after recent fires, Zurich said the LA fires would cost it over $200 million, an insurer got out of covering a blaze because of a policyholder b... (more story)
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A commodities trading company is entitled to coverage for the loss of over 500,000 bushels of soybeans resulting from a Mississippi-based warehouse's entrance into bankruptcy, a New York state appeals court affirmed.
General Liability More
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A Liberty Mutual unit owes Travelers over $2.1 million for costs it incurred defending a construction company in a 2011 lawsuit over defects at San Diego's Hard Rock Hotel, a California federal court ruled, sa... (more story)
While the North Carolina Supreme Court's recent finding in favor of policyholders in a suit for business interruption coverage due to COVID-19 comes too late for most insureds to benefit, it should nonetheless... (more story)
The insurer for a company suspected of selling components used to make illegal "ghost guns" told a New York federal court that it owed no coverage for three underlying government suits alleging that the compan... (more story)
Meta urged a Delaware federal court again to stay coverage proceedings over underlying claims it deliberately designed its platforms to be addictive to adolescents, noting the Judicial Panel on Multidistrict L... (more story)
A Texas accounting firm accused its insurance broker of causing it to lose $1 million coverage by failing to inform an excess insurer that the firm was subpoenaed in connection with the investigation of a $12 ... (more story)
Specialty Lines More
The New Jersey Supreme Court will review an appeals court's ruling against indemnification in a case of first impression on the applicability of an exclusion barring directors and officers coverage for wrongfu... (more story)
A Louisiana federal court rejected most arguments made by an insurer seeking to avoid professional liability coverage of a broker whose former employee stole policy premiums and failed to secure insurance for ... (more story)
OpenText told a Michigan federal court it should be dismissed from an insurer's suit seeking to avoid coverage of a class action from former Covisint shareholders alleging an unfair merger, saying it's not inv... (more story)
The Ninth Circuit on Thursday upheld a ruling barring further litigation against Chicago Title and law firm Nossaman LLP over claims they aided convicted businesswoman Gina Champion-Cain's nearly $400 million ... (more story)
A Delaware state court dismissed two insurers in a coverage dispute over underlying sexual abuse claims against a clothing retailer that also sponsors and organizes national cheerleading competitions, finding ... (more story)
An excess insurer has no duty to defend or indemnify a property owner and manager in a suit over a fatal shooting at an apartment complex, a Georgia federal court ruled, finding that the insureds did not provi... (more story)
A trucking company's insurer cannot rely on a hydrofracking exclusion to avoid covering an underlying suit over a fire at a saltwater disposal facility that killed one of the company's employees, a Texas feder... (more story)