Earlier this year, the Federal Aviation Administration (FAA) granted clearance to several of the major American insurance agencies, such as Allstate Corp. and State Farm Mutual Automobile Insurance Co., to develop unmanned aircraft for use in processing insurance claims.
The Problem with a Broadly Worded Professional Service Exclusion in a Service Firm’s D&O Insurance Policy
In a recent post (here), I discussed a recent federal district court ruling in which the court broadly interpreted the professional services exclusion in a bank’s D&O insurance policy in order to preclude coverage under the policy for a claim that had been made against the bank and certain of its directors and officers in a case arising out of the long-running Rothstein Ponzi scheme scandal.
Recently, a federal district court in Florida held that the Chapter 558 process is not a “suit” under a commercial general liability policy and the insurer had no obligation to defend the insured during this process.
The filed rate doctrine can often provide a strong defense to an insurer in a class action claiming that insurance premiums were too high for some reason.
In a Colorado insurance claim for breach of the duty of good faith and fair dealing, the plaintiff may recover damages for emotional distress without proving substantial property or economic loss.
One of the most distinctive corporate and securities litigation phenomena over the last several years has been the rise in merger objection lawsuits.
When threatened with a lawsuit, an insured’s first call is often to his or her insurer, asking the insurer to hire lawyers to defend the lawsuit.
Professional sports organizations are facing a new off-field risk: potential exposure of their proprietary data.
Earlier this year, I posted about whether a policyholder has a right to independent counsel when a possible conflict of interest appears between the carrier and the policyholder.
When you read in the paper about a large settlement in an excessive fee case or other claim involving a 401(k), ESOP or other ERISA governed plan, do you think about what happens next, and about how to distribute the money among the plan participants?