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Latest from Hunton Insurance Recovery Blog - Page 10
Florida Enacts Sweeping Tort Reform Legislation, Raising Barriers to Insurance Coverage Claims
As discussed in a recent client alert, on March 24, 2023, Florida Governor Ron DeSantis signed House Bill (HB) 837 into law, making it more difficult and costly for insurance policyholders of all sizes to sue insurers for bad faith
When Does a Claim Become a “Claim”? A Lesson on Timely Notice
On March 20, 2023, the Southern District of New York denied a policyholder’s claim for coverage and granted the insurer’s motion for judgment on the pleadings in Pine Management, Inc. v. Colony Insurance Company. The parties disputed whether a real
NFT Service Brings Litigation Into the Metaverse!
Blockchain technology has been touted as inherently reliable for years. More recently, collectors of Non-Fungible Tokens (NFTs) have explored expanded uses for that novel technology. Some courts have bought in and, in doing so, recently authorized a use that perhaps
Hunton Insurance Lawyer, Adriana Perez, Selected to the National Association of Women Lawyers’ 2023 Rising List
Congratulations to Adriana Perez on her selection to the National Association of Women Lawyers’ (NAWL) 2023 Rising List. Adriana is a member of Hunton Andrews Kurth’s national Insurance Recovery practice and is based in the Firm’s Miami, Florida office.
Eighth Circuit Confirms Breadth of Commercial Crime Policy Includes Loss from Actual and Implied Takings
The Eighth Circuit has affirmed that an AIG affiliate must cover the full $32 million loss stemming from an employee’s embezzlement scheme. The court found that not only was National Union Fire Insurance Company of Pittsburgh (“National Union”) liable for
Supreme Court Takes on Insurance Dispute
On Monday, March 6, the US Supreme Court agreed to hear an insurance coverage dispute, Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC. Insurance cases are few and far between in the high court, so both policyholders and
Recent Policyholder Win Highlights Exception to the Insured v. Insured Exclusion in D&O Policies
A New York Federal judge recently ordered a directors and officers liability insurer to pay $4.5 million that an investment firm had spent defending an arbitration proceeding brought by a former executive. The court found that allegations of constructive termination
Boots on the Ground or Hands on a Keyboard: Merck and Insurers Battle Out the War Exclusion
On June 27, 2017, the skies over New Jersey were clear and the ground steady. But Merck & Co., a New Jersey-based pharmaceutical company, was under attack. Malware ripped through its computers, damaging 40,000 of them and causing over $1.4
Hunton Andrews Kurth Promotes Insurance Recovery Lawyer Kevin V. Small to Counsel
Effective February 28, 2023, Hunton Andrews Kurth LLP has promoted insurance recovery lawyer Kevin V. Small, along with three other attorneys, to Counsel. “Kevin quickly established himself as an integral part of our practice, particularly in the area of transactional