renewal News

Texas Supreme Ruling Favors Insurers That Changed Policy Forms to Stem Mold Claims

The Texas Supreme Court on Friday reversed lower court rulings and found that Farmers Insurance was within its rights when it decided 19 years ago not to renew homeowners’ policies that it feared would have forced it to cover mold …

Tokio Marine Faces Larger-Than-Expected Greensill Exposure

Tokio Marine Holdings Inc. is facing a larger-than-expected exposure to the Greensill Capital meltdown after finding that reinsurance contracts intended to limit losses didn’t cover its unit that did the most business with Greensill. Tokio’s Australia Bond & Credit Co. …

Movie Producer Sues Chubb for Breaking Renewal Promise Over COVID-19

A movie production company that signed Ben Affleck to star in its latest “large-budget action thriller” accuses a Chubb insurer of violating longstanding custom and practice by refusing to extend a $58 million insurance policy after the film was delayed …