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Aon will have 20 days to amend the complaint with detailed allegations against Marsh USA and sister company MMA. -
In wake of confusion over evacuation orders, Louisiana insurance commissioner wants carriers to broadly interpret coverage provisions.
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The brokers will have one year to reach private mediation or otherwise set for a jury trial that could last seven to ten days.
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The BSA is said to be in talks with The Hartford for a revised settlement plan, in which the insurer could be liable for paying up to $800mn to the settlement fund.
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Businesses in Old Dominion claimed the insurer wrongfully denied coverage after they had to close their operations due to the pandemic.
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In a landmark hearing, a Delaware judge struck down a provision that would have allowed the Boy Scouts of America’s withdrawal from its April agreement with The Hartford.
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The former CEO of Truist’s retail division said there is nothing in his contract to prevent him taking up the position.
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Berenberg believes EUR3.5bn would be a manageable loss for the insurer and estimates that it would be earned back in well under a year, but a EUR6.8bn loss would be more challenging.
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The broker also filed a lawsuit against Goode, Honeycutt, Forst, Rice, Lee and Keenan as individual defendants.
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Evan Greenberg has said Chubb has only a “limited obligation” to Century, a unit at the heart of the Boy Scouts of America (BSA) bankruptcy process.
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The production company behind the Apple TV+ show starring Jennifer Aniston sues Chubb for $44mn over denied pandemic losses.
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The settlement agreement was restructured on July 1 and includes terms that allow the BSA to emerge from bankruptcy, while compensating victims and requiring insurers to abide by the terms of policies purchased by the BSA.
