insurance tower News

N.J. Supreme Ct. Affirms That Insurers Liable for $300M in Superstorm Sandy Damages

The New Jersey Supreme Court on Wednesday ended an effort by Lloyd’s of London syndicates and other insurers to escape coverage for an additional $300 million in Superstorm Sandy damages suffered by the New Jersey Transit District. The high court …

Jury to Decide If Carrier Risked Trial Because It Had Nothing Left to Lose

A federal judge in Rhode Island has cleared the way for a trial to decide whether Columbia Casualty Insurance, in bad faith, put its own interest over its policyholder’s by gambling on a trial instead of settling a claim that …