Nordstrom, like other retailers, sustained property damage and business interruption expenses as a result of protests arising out of the Black Lives Matter movement. Although the retailer supports BLM, its insurers do not support Nordstrom. In a complaint filed in district court
Insurance
Victory for a Texas Condo Association in its Hurricane Harvey Claim
Although 2017 feels like decades ago, insureds are still in courtrooms battling out their Hurricane Harvey claims with their insurance companies. Earlier this month, on March 5th in Playa Vista Conroe v. Insurance Company of the West,1 the Fifth…
Cornerstone Research: Large Settlements Increased Total and Average 2020 Securities Suit Settlements
The number of securities class action settlements increased only slightly in 2020 compared to 2019, but the aggregate total of all 2020 securities suit settlements doubled compared to the equivalent 2019 total, largely as a result of several “mega” settlements…
A Video Explaining Arson for Profit and Other Property Insurance Frauds
Types of First Party Property Fraud
See the full video at https://rumble.com/vepget-a-video-explaining-arson-for-profit-and-other-property-insurance-frauds.html and at https://youtu.be/t2SeWXXkNcA
Every first-party property adjuster will face in his or her career attempts to defraud the insurer for whom the adjuster works. It is necessary that…
Nevada Finds Defense Costs Incurred Under Reservation Unjustly Enriches the Insured
A Proton Beam Therapy Class Action Survives a Motion to Dismiss
This week’s notable decision allows three cancer patients to proceed with their case challenging United Healthcare’s policy of denying proton beam therapy. In Weissman v. United Healthcare Ins. Co., 19-cv-10580, 2021 WL 858436 (D. Mass. Mar. 8, 2021) (Judge…
Insured’s Claims Under Communicable Diseases Coverage Survive Motion to Dismiss
While the court determined the virus or bacteria exclusion precluded coverage under business income, extra expense, or civil authority for the insured’s COVID-19-related shutdown, the insurer’s motion to dismiss was denied based upon the communicable diseases coverage. Salon…
A Refresher on Interpreting Insurance Policies in North Carolina
While researching how the Tar Heel State interprets insurance policies, I came across two helpful sources that set out how the policyholder is favored. The first is a blog post from Merlin’s own resident expert in North Carolina law, Beaujeaux…
What’s Next with D&O and COVID-19 Coverage?
Allison Zamani The principal focus in considering insurance coverage for COVID-19-related losses and liabilities has, thus far, primarily concerned business interruption coverage. But there are many other types of coverage that could come into play as businesses recover. Among the…
Employer-Sponsored Retirement Plans Disaster-Related Relief
In response to last year’s devastating hurricane season and other natural disasters, the Taxpayer Certainty and Disaster Tax Relief Act, which is a part of the Consolidated Appropriations Act, 2021 (the Act), included various relief provisions (similar to those under…