coverage News

A Look Back at Boston Marathon Bombing Insurance Claims

Ten years ago, on April 15, 2013, two brothers placed pressure cooker bombs near the finish line of the Boston Marathon. The devices detonated within seconds of each other, killing three people, injuring more than 260 others, and causing property …

Viewpoint: Tennessee’s Emerging Trend of Enforcing Appraisal

The long-established law of Tennessee is that the appraisal process does not resolve questions of causation or coverage. This principle, espoused in the case Merrimack Mut. Fire Ins. Co. v. Batts, 59 S.W.3d 142, 152-53 (Tenn. Ct. App. 2001), remains …

Swiss Re Cuts Fossil Fuel Cover for Oil, Gas to Protect Climate

LONDON –– Swiss Re SRENH.S, the world’s second biggest reinsurer said it would no longer insure most new oil and gas projects following mounting pressure on big business to do more to help the world cap global warming. Last year, …

Launching Into Space? Not So Fast. Insurers Balk At New Coverage

An ever-swelling amount of space debris is threatening satellites that hover around Earth, making insurers leery of offering coverage to the devices that transmit texts, maps, videos and scientific data, industry sources said. Thousands of new satellites are being launched …

Viewpoint: Ohio at Epicenter in Quest for COVID-19 Business Interruption Cover

In our original first alert about COVID-19 business interruption insurance coverage that we authored at the pandemic’s outset, we predicted extreme rigidness by insurance companies and coverage denials galore. Regrettably for policyholders, our prediction came true, with myriad insurance coverage …

Tenn. High Court: Presumption Law Protects Agents as Well as Carriers

Under Tennessee law, policyholders who pay their premiums create a legal presumption that they have accepted the terms of coverage. The statute limits lawsuits by underinsured policyholders who thought they had enough coverage but found after a loss that they …

Business Income Insurance Covers Continuing Expenses Without Reduction for Insured’s Operating Loss

It is typical for business income insurance, the modern version of business interruption coverage, to provide for two components of actual loss of business, namely (1) net profit or loss before income taxes that would have been earned or incurred …

Defining the ‘Scope of Employment’

Utilizing Job Descriptions and Employer Policies to Determine Coverage for Employee Acts Allow employment lawyers everywhere to let you in on a secret: we love to kill trees. The more documentation, the better, when it comes to defending clients in …

Notifying Additional Insureds of Coverage Denials Under New York Law

Under N.Y. INS. LAW § 3420(d)(2), insurers that disclaim liability or deny coverage to an insured are required to give “written notice as soon as is reasonably possible of such disclaimer of liability or denial of coverage to the insured …

The Forces Behind Wind and Wave

Superstorm Sandy is poised to become one of the top three most expensive hurricanes in history. With close to 1.4 million claims filed, Sandy is likely to be the third most expensive hurricane in U.S. history in terms of insured …