/insurance-authority/property?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Authority Property Copyright 2025 saąúĽĘ´«Ă˝. en-US Wed, 25 Jun 2025 13:40:23 +0000 /insurance-authority/property/articles/2357261?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2357261 Insurance underwriter Title Resources Group announced on Wednesday that it has added attorney Natasha Branch as vice president of education and underwriting counsel for North Carolina. Tue, 24 Jun 2025 18:35:40 +0000 /insurance-authority/property/articles/2356739?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2356739 A Puerto Rico federal court wrongly maintained an award against an insurer that exceeded a beverage manufacturer's actual business income and extra expenses losses and was not supported by evidence at trial, the First Circuit held, reducing the total award from $1 million to approximately $686,000. Tue, 24 Jun 2025 16:28:04 +0000 /insurance-authority/property/articles/2356562?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2356562 An AIG unit urged the Illinois Supreme Court to find that a permit or regulation allowing a company to discharge toxins into the environment has no bearing on the application of a pollution exclusion, saying "pollution is pollution" regardless of government authorization. Fri, 20 Jun 2025 19:12:34 +0000 /insurance-authority/property/articles/2355761?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2355761 The Second Circuit on Friday cemented a Chubb unit's win in a decade-long dispute over a chocolatier's bid for an additional $49 million in coverage for Superstorm Sandy losses, affirming a decision denying the chocolatier's requests to set aside a jury verdict or hold a new trial. Wed, 18 Jun 2025 22:00:22 +0000 /insurance-authority/property/articles/2355253?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2355253 A California federal judge indicated Wednesday that he'll likely certify a class of nearly 200,000 homeowners in litigation alleging that State Farm underpays property insurance claims by depreciating sales tax when calculating replacement costs, saying a common issue predominates and noting he'd sided with plaintiffs in a similar 2017 case. Wed, 18 Jun 2025 20:22:31 +0000 /insurance-authority/property/articles/2355095?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2355095 In finding that major insurers are obliged to pay aircraft lessors billions over planes stranded in Russia following its invasion of Ukraine in 2022, a London court offered an interpretation of war risk loss that could set the stage for future litigation and change how carriers approach coverage, a trade law attorney told Law360. Here, Linda Jacques, a U.K.-based partner at Lester Aldridge LLP, dives into the ruling's implications and possible next steps. Wed, 18 Jun 2025 19:21:26 +0000 /insurance-authority/property/articles/2354936?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354936 A proposed federal moratorium on state regulation of artificial intelligence systems has raised alarms from state insurance regulators and practitioners, who say the broad scope of the moratorium may threaten to undo long-established practices and spread confusion across the industry. Wed, 18 Jun 2025 17:28:28 +0000 /insurance-authority/property/articles/2355075?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2355075 A Colorado federal court trimmed a real estate investment trust's suit seeking coverage for antitrust multidistrict litigation, saying the trust's statutory bad faith claim under Colorado law could not proceed because of a New York choice-of-law provision in its primary policy. Wed, 18 Jun 2025 17:00:16 +0000 /insurance-authority/property/articles/2354624?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354624 A couple's commercial property insurer has no duty to cover damage from a kitchen fire at their cafĂ©, a Washington state appeals court affirmed, finding the couple lacked certain protective safeguards that were required as part of their fire suppression system. Wed, 18 Jun 2025 15:41:46 +0000 /insurance-authority/property/articles/2355014?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2355014 The Fourth Circuit affirmed that a homeowner isn't entitled to a premium refund under federal mortgage law, a North Carolina federal court refused to resurrect a hospitality group's pandemic-related coverage suit, and a New York federal court said an insurer can't force another to defend a property owner in an injury lawsuit. Here, Law360 takes a look at the past week's top insurance news. Wed, 18 Jun 2025 15:35:46 +0000 /insurance-authority/property/articles/2354696?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354696 Data centers in the United States continue to grow, but the operators have an often unique portfolio of risks that may not fit squarely within the coverage provided by existing insurance products. Here, Law360 speaks with Reed Smith partner Stephen T. Raptis about the potential risks that data center operators may face and how these policyholders should approach renewals to ensure the data center is properly covered. Wed, 18 Jun 2025 15:34:26 +0000 /insurance-authority/property/articles/2354742?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354742 Lawyers in the Peach State are expected to have a tougher time defending against legal malpractice claims now that the Georgia Supreme Court has thrown out an attorney judgment immunity doctrine that was more than 30 years old, rejecting a bid from more than two dozen law firms to keep it alive. Wed, 18 Jun 2025 15:24:04 +0000 /insurance-authority/property/articles/2354714?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354714 The California Department of Insurance's unprecedented emergency approval of a 17% rate increase for State Farm General Insurance, the first interim rate relief granted before completing full actuarial justification, represents a regulatory watershed and establishes precedent that could fundamentally reshape insurers' response to climate-driven market instability, says Daniel Veroff at Merlin Law Group. Wed, 18 Jun 2025 14:25:41 +0000 /insurance-authority/property/articles/2352165?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2352165 As President Donald Trump's trade war continues, lenders are increasingly exercising caution in underwriting deals for hotels, particularly in areas that depend on a steady influx of international travel, Dentons' global hospitality leader told Law360 in a recent interview. Tue, 17 Jun 2025 16:18:02 +0000 /insurance-authority/property/articles/2354103?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354103 An insurer cannot force another to defend a property owner in an underlying worker injury lawsuit through the doctrine of equitable estoppel after both insurers ultimately agreed the policy in question isn't triggered, a New York federal court ruled, finding the policy unambiguous. Tue, 17 Jun 2025 13:58:41 +0000 /insurance-authority/property/articles/2354055?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2354055 An insurer for a South Carolina pizzeria wrongfully refused to pay its full $926,000 policy limit after a fire destroyed the building where the restaurant was located, the business said in a suit removed to federal court. Mon, 16 Jun 2025 17:38:02 +0000 /insurance-authority/property/articles/2353702?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2353702 Missouri will offer a tax credit for insurance policy deductibles incurred when homes are damaged by severe weather and increase a tax credit for tickets sold to certain sporting events under a bill signed by the governor. Mon, 16 Jun 2025 17:20:57 +0000 /insurance-authority/property/articles/2353885?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2353885 A Zurich Insurance Group unit owes over $5.1 million for business income and extra expenses losses and lost property value after a Texas hotel sustained water damage related to vandalism, the hotel owner told an Oregon federal court, saying the insurer covered repair costs but refused to pay for other losses. Mon, 16 Jun 2025 17:07:22 +0000 /insurance-authority/property/articles/2353850?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2353850 A Virginia homeowner cannot recover premiums he'd prepaid for private mortgage insurance under a federal law mandating such insurance for certain borrowers, the Fourth Circuit ruled Monday, finding the Homeowners Protection Act of 1998's premium refund provisions do not extend to voluntary insurance cancellation agreements. Mon, 16 Jun 2025 14:03:34 +0000 /insurance-authority/property/articles/2349380?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349380 With plaintiffs counsel’s rising use of reptile strategies that seek to activate jurors' survival instincts, corporate deponents face an increased risk of being lulled into providing testimony that undercuts a key defense or sets up the plaintiff's case strategy at trial, making it important to consider factors like cross-examination and timing, say attorneys at Dentons.