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Coverage that focuses on both the legal risks facing insurance companies, as well as how companies are using insurance to hedge risk. We cover health insurance and cyber insurance frequently.
By Gerald H. Baker | February 13, 2023
I recommended that the Legislature amend the insurance statutes to provide that the minimum liability and UM/UIM coverage for automobiles and all motor vehicles be increased to $100,000. The action of the Legislature in increasing the compulsory insurance limits to $25/50,000 on Jan. 1, 2023 and $35/70,000 on Jan. 1, 2026 is welcome, but is not enough.
2 minute read
By Emily Saul | February 10, 2023
Matthew Jones is a fourth-general lawyer in his family's more than century-old firm, which represents mostly insurance carriers and self-insured employers.
2 minute read
By Jason Grant | February 10, 2023
The lawsuit, filed in March 2021, alleges that the 35 linked Madison Square Garden companies paid "millions of dollars in premiums," but "instead of honoring their obligations, the Insurers have paid nothing for the MSG Insureds' losses."
4 minute read
By Emily Cousins | February 9, 2023
"When defendant calculated plaintiffs' [actual cash value] benefits under the [policy], defendant withheld costs for both the materials and labor required to repair or replace the plaintiffs' residence as depreciation, even though labor does not depreciate in value over time," the complaint said. "Defendant withheld labor costs through its actual cash value calculations as depreciation."
3 minute read
By Adolfo Pesquera | February 8, 2023
The ruling found the federal regulation weighs in favor of insurers' preferred amount by requiring arbitrators to begin with that and then imposing restrictions not in the law against the non-insurers' factors.
4 minute read
By Allison Dunn | February 8, 2023
"In the court's view, the allegations here are broad enough to reasonably sketch a claim that Partington had a mistaken but reasonable belief that it was authorized to cut the trees," the court said. "Such a claim would be for property damage arising out of an occurrence, meaning it would be a 'loss [that] fits the expectation of protective insurance reasonably generated by the terms of the policy,' thus triggering Nautilus's duty to defend."
5 minute read
By Howard B. Epstein and Theodore A. Keyes | February 7, 2023
In some cases, a dispute over the duty to defend may be justiciable but a dispute over the duty to indemnify involving the same facts may not be. This article discusses the recent case 'Admiral Insurance Co. v. Niagara Transformer Corporation,' which addressed this issue and clarified the applicable standards to use.
7 minute read
By Riane F. Lafferty | February 3, 2023
This column explores a pending case, 'American Precision Industries v. Federal Insurance Co.', that may set significant precedent in New York concerning insurance defense and indemnification.
9 minute read
By Emily Cousins | February 2, 2023
"We conclude that, just as the properties were not physically altered in any way by the COVID-19 pandemic, the plaintiffs' activities designed to prevent the transmission of the coronavirus on the properties were not 'repairs' in any ordinary sense of the word," the opinion said.
3 minute read
By Adolfo Pesquera | January 27, 2023
The related cases are In re: Watson Grinding & Manufacturing Co. and In re: Watson Valve Services Inc. in the United States Bankruptcy Court for the Southern District of Texas Houston Division.
2 minute read
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Company DescriptionCruser, Mitchell, Novitz, Sanchez, Gaston & Zimet, LLP is a national law firm, seeking an associate for its Bergen Co...
11TH Judicial Circuit of Florida is accepting applications for a General Magistrate. Under the direction of the Administrative General Magis...
DURKIN & DURKIN, LLC a well-established firm is actively seeking an associate with experience in defense litigation. Very competitive sa...