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Panelists at Inside P&C’s North America virtual conference said rate increases needed to be followed by enforced terms and conditions as verdicts and settlements increased in courts. -
With hundreds of coronavirus-related BI suits working through state and federal courts, insurers still face a multi-billion-dollar challenge to keep judges and juries ruling in their favor.
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The bankruptcy plan, approved by a federal judge on September 1, generated controversy because it shielded members of the Sackler family from further opioid lawsuits.
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Powerhouse Hollywood talent agency CAA asks an LA court to force a higher payout for Covid losses from Affiliated FM Insurance.
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The TCC has been appointed by the office of the US Trustee as the official representative for the estimated 82,5000 survivors of childhood sexual abuse related to BSA activities.
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The figure is an increase from the original $650mn settlement agreed to in April.
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Aon will have 20 days to amend the complaint with detailed allegations against Marsh USA and sister company MMA.
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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.
