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Corporate Counsel

AIG's Lucy Fato Goes in New Direction With Latest Legal Chief Post

Fato has joined Seaport Entertainment Group, which is backed by billionaire hedge fund manager Bill Ackman and is pursuing opportunities that combine entertainment and real estate.
3 minute read

The Legal Intelligencer

Special Section: Insurance Law 2024

In The Legal's Insurance Law special section, read about PFAS coverage, regular use exclusions after Gallagher and defense counsel's responsibility to the insured and insurer.
2 minute read

The Legal Intelligencer

An Overview of Emerging Hazards Under CGL Policies

In recent years, new hazards have emerged that potentially implicate coverage under commercial general liability policies. Much attention has been paid to the liabilities associated with opioids and "PFAS," but there are many other examples of emerging hazards.
8 minute read

The Legal Intelligencer

'Conditional Duty to Indemnify' in Pa.: An Insurance Company's Duty to Pay a Settlement

An insurance company's duty to defend carries with it a conditional duty to indemnify a settlement reached prior to judgment. When an underlying action is settled, there are often unresolved factual questions. In almost all circumstances, Pennsylvania law does not permit a trial of those facts in an insurance declaratory judgment action.
8 minute read

The Legal Intelligencer

PFAS Coverage Litigation: Emerging Lessons for Emerging Risks

During the past few years, per- and poly-fluoroalkyl substances (PFAS) have rapidly transformed from an "emerging" risk into an "emerged" risk. PFAS coverage litigation, which has increased correspondingly, may forecast future coverage fights concerning other risks as they potentially move from "emerging" to "emerged" status as well.
8 minute read

The American Lawyer

Facing a Shrinking Talent Pool, Insurance Defense Firms Are Fighting to Add Attorneys

"As insurance carriers become more aggressive with auditing and exceptions and cost containment, that is an impediment to our ability to retain talent," said one law firm leader. "It's having an adverse effect on morale."
6 minute read

Law.com

Judge Dismisses Pharmaceutical Manufacturer's $30M Business Interruption Coverage Claims Over Damaged Pfizer Drug

"Mere inability to use a room thus does not amount to direct physical loss of the room. Moreover, the policy expressly excludes '[l]oss or damage arising from … loss of use.' This exclusion straightforwardly applies to bar the loss of use claim asserted by AMAG here," wrote U.S. District Judge Myong J. Joun of the District of Massachusetts.
6 minute read

The American Lawyer

'If Only We Had Full Staffing': This Legal Sector Is Spread Thin, but Negotiating Higher Rates

"It used to be a firm would put in a rate request, and it would take several weeks or months to get approved—now they're getting it approved within 24 to 48 hours," one recruiter said.
7 minute read

Daily Business Review

Judge Rules Against Insurer in $127M Suit Over Aircraft 'Theft'

"From public reporting, we understand that the total amounts of these claims are in excess of $10 billion," said one of the attorneys involved in a separate but similar lawsuit.
4 minute read

The Recorder

Virus Insurance Policy Doesn't Cover Restaurant's COVID Closure, California Supreme Court Says

The high court raised doubts about the reach of the illusory coverage doctrine and said it didn't protect a San Francisco eatery forced to close during the pandemic.
3 minute read

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