The Virginia Supreme Court has ruled in favor of an insurance company in a case that legal experts say is the first in the nation on whether insurers may be liable for claims arising from global warming.
The court unanimously ruled Friday that a native Alaskan village’s claims against AES Corp. were not covered by the Virginia-based energy company’s liability insurance carrier, Steadfast Insurance Co. The ruling upheld a lower court decision.
Kivalina, a native community on an Alaskan barrier island, alleged in a 2008 lawsuit that greenhouse emissions by AES and other companies damaged the village by causing global warming. Steadfast claimed it did not owe AES a defense or indemnity coverage because the complaint did not allege an “occurrence” of property damage.
Was this article valuable?
Here are more articles you may enjoy.
Register: AI Tools for FNOL & Digital Claims Intake ‘Demo Day’ on September 16
The Great Hemp Reset: How the Federal Ban on Intoxicating Hemp Products Will Reshape Risk and Coverage
What Do We Remember About 9/11? Whom Do We Remember?
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In