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Louisiana appeals court decision that allows property damage claim for Covid shutdowns is contrary to every other appellate ruling on the issue. -
In a 3-2 split decision issued last week, Louisiana’s Fourth Circuit Court of Appeal ruled that the policy language is “ambiguous”.
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The complaint names surety executives John Thomas, Andrew Bennett and Jennifer Boyers Gullett as defendants.
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The parties did not disclose whether any money changed hands to settle the legal proceedings.
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Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.
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The case is linked to losses associated with asbestos-related injuries and claims filed over two decades ago in Montana.
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The defendants denied the accusations of misappropriation of trade secrets and confidential information by BHSI.
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The contractors’ association argued the law would prevent contractors who hold AoBs from recovering their attorneys’ fees if they prevail in a lawsuit against an insurance company.
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The dispute follows a complaint McGriff filed against Alliant and 3 former execs, accusing them of “breaching their valid and enforceable restrictive covenants.”
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The deal could see payouts to over 110,500 customers nationwide, with 75% of the settlement earmarked to 5,011 in Illinois.
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Piraeus Bank bought the action against Antares over the detention of a vessel in Venezuela in 2015.
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Together with its parent company, Allianz Global Investors has agreed to pay more than $5bn in restitution to victims and $1bn to US authorities.
