commercial liability News

Ky. Supreme Court Overturns Jury Verdict in Bad-Faith Claim

Cincinnati Insurance Co. dodged a $4.6 million judgment last week when the Kentucky Supreme Court found that a trial judge should have preempted a jury and granted a directed verdict in a bad-faith claim. If the injured third-party plaintiff failed …

Despite Assault Exclusion, Razor Attack Covered by Policy Because of Mental Illness

There was no argument that Colin Doherty, a resident at the Brown County Care Center, slashed Austin Krewina’s face with a razor blade. But a criminal court found Doherty not guilty of assault and battery because he was insane at …

Insurers Tapped to Pay Growing Number of False Claims Act Actions

A growing number of False Claims Act investigations combined with recent court decisions that found insurers liable for the cost of settlements may spell trouble for commercial liability insurers. Policyholder attorney Geoffrey B. Fehling, with Hunton Andrews Kurth in Washington …

Moody’s Says COVID-19 Impact on P&C Insurance Sector Was ‘Moderate’

Neither COVID-19 nor legislation enacted because of it has seriously harmed the creditworthiness of the property and casualty insurance sector, according to a report released by Moody’s Investors Service on Friday. Businesses have filed about 1,700 business-interruption claims because of …

Virginia High Court: Auto Maintenance Exclusion Means What it Said

The Virginia Supreme Court ruled that an insurer doesn’t have to pay for injuries to a customer who was injured by tire that exploded while it was inflated, and handed business owners another reason not to allow customers in the …