/insurance-authority/specialty-lines?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Authority Specialty Lines Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Tue, 24 Jun 2025 17:58:46 +0000 /insurance-authority/specialty-lines/articles/2356800?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2356800 A directors and officers liability insurer had a duty to defend and indemnify a venture capital investor in a now-resolved lawsuit over the sale of a company immediately after a merger, a California federal court ruled, finding a dilution-of-shares exception in an exclusion applicable. Tue, 24 Jun 2025 16:28:04 +0000 /insurance-authority/specialty-lines/articles/2356562?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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. Tue, 24 Jun 2025 10:18:55 +0000 /insurance-authority/specialty-lines/articles/2356467?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2356467 Lewis Brisbois Bisgaard & Smith LLP has launched a practice catering to the legal needs of insurance underwriters, product leaders and managing general underwriters and agents, hiring a former executive vice president at insurance broker Willis Towers Watson PLC to co-chair it. Fri, 20 Jun 2025 14:08:34 +0000 /insurance-authority/specialty-lines/articles/2355740?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2355740 Aflac is the latest target of an ongoing "cybercrime campaign against the insurance industry," the company said Friday, reporting that a breach has potentially exposed claims and health data, Social Security numbers and other personal information. Wed, 18 Jun 2025 20:22:31 +0000 /insurance-authority/specialty-lines/articles/2355095?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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 20:08:22 +0000 /insurance-authority/specialty-lines/articles/2355048?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2355048 A pollution liability insurer for an oilfield services company told a Texas federal court it owes no coverage for two lawsuits accusing the company and a former subsidiary of groundwater contamination, arguing the company breached its claim reporting requirements and knew of the alleged contamination before purchasing coverage. Wed, 18 Jun 2025 19:21:26 +0000 /insurance-authority/specialty-lines/articles/2354936?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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 15:41:46 +0000 /insurance-authority/specialty-lines/articles/2355014?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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/specialty-lines/articles/2354696?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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 15:24:04 +0000 /insurance-authority/specialty-lines/articles/2354714?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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. Tue, 17 Jun 2025 21:19:35 +0000 /insurance-authority/specialty-lines/articles/2354413?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2354413 An air services company told a New York federal court that an AIG unit must provide general liability coverage for a lawsuit seeking nearly $2.5 million for grass damage from herbicides, while the unit countered that neither company's general liability policy nor specialty "aerial applicator" policy applies. Tue, 17 Jun 2025 15:00:40 +0000 /insurance-authority/specialty-lines/articles/2352395?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2352395 Following the recent NCAA class action settlement that will allow revenue sharing with college athletes, there may be potential management liability for universities, their executive leadership and boards that could expose insurers to tax, regulatory, breach of contract and other claims, says Sarah Abrams at Baleen Specialty. Mon, 16 Jun 2025 20:40:16 +0000 /insurance-authority/specialty-lines/articles/2353939?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2353939 An Illinois-based company must litigate its insurance coverage battle over merchandise damage from a Dallas tornado under New York law, a Texas appeals court affirmed, finding the company's "legal injury" took place in New York. Mon, 16 Jun 2025 17:07:22 +0000 /insurance-authority/specialty-lines/articles/2353850?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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/specialty-lines/articles/2349380?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/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. Fri, 13 Jun 2025 15:02:49 +0000 /insurance-authority/specialty-lines/articles/2350437?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2350437 House Republicans' sweeping budget bill proposes to promptly scale back the clean energy tax incentives established by the 2022 climate law, a move that would make it difficult for tax insurers to back project development deals that want to sell their tax credits for cash. Thu, 12 Jun 2025 22:00:54 +0000 /insurance-authority/specialty-lines/articles/2352959?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2352959 Thursday's deadly Air India disaster could implicate a range of insurance coverage proceedings, but experts said massive costs will likely be shared by multiple insurers in a process that will be shaped in part by investigations into the cause of the crash. Thu, 12 Jun 2025 20:00:17 +0000 /insurance-authority/specialty-lines/articles/2352541?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2352541 Mandarin Oriental notched a discovery win in its COVID-19 coverage action while appeals courts dealt further defeats in other pandemic-related insurance cases, Uber filed a racketeering lawsuit over sham injury payouts and the Fourth Circuit sided with an insurer in a dispute over stacking policy limits. Here, Law360 takes a look at the past week's top insurance news. Thu, 12 Jun 2025 18:14:14 +0000 /insurance-authority/specialty-lines/articles/2352768?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2352768 Florida Gov. Ron DeSantis' veto of a bill that would have repealed limits on noneconomic damages in fatal medical malpractice cases — despite state lawmakers' overwhelming support of the measure — signals broad concerns over how tort reform legislation could impact the insurance industry. Thu, 12 Jun 2025 18:10:42 +0000 /insurance-authority/specialty-lines/articles/2352654?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/specialty-lines/articles/2352654 The Sixth Circuit forged its own jurisdictional standard in determining that when coercive and declaratory claims are closely intertwined it's likely an abuse of discretion for a federal court to abstain from adjudication, and experts are praising the decision as a thorough analysis of the appropriateness of exercising jurisdiction over insurance disputes.