One of the threshold issues in COVID-19 insurance coverage cases that have been brought across the country is whether the policyholder’s allegations meet the applicable pleading standard in alleging that the virus caused physical loss or damage. In many cases,
Hunton Insurance Recovery Blog
Updates, Analysis and Breaking News for Commercial Policyholders
The Hunton Insurance Recovery Blog, published by Hunton Andrews Kurth LLP, focuses on issues related to insurance coverage and recovery strategies. It covers topics such as property and business interruption insurance, risk management tools like the SAFETY Act, and emerging liabilities including those related to artificial intelligence. The blog also addresses legal developments in insurance policy rescission, directors and officers liability, and commercial litigation forums such as New York's Commercial Division. It provides insights into regulatory and litigation trends affecting policyholders, with an emphasis on complex insurance disputes and risk mitigation for businesses across various industries.
Latest from Hunton Insurance Recovery Blog - Page 13
Hunton Insurance Practice Again Scores “Tier 1” National Ranking in US News Best Law Firm Rankings
On November 3, 2022, US News announced its annual law firm rankings, where Hunton Andrews Kurth LLP garnered the highest (Tier 1) ranking among national insurance law practices. Hunton’s insurance team also received Tier 1 honors for “Insurance Law” in…
Harvard Learns Lesson About Timely Notice
While Harvard prepares to defend its admissions policies to the Supreme Court, one of its insurers continues to argue that a technicality prevents Harvard from recovering $15 million to defray its defense costs under its insurance policies.
New York Court Holds Insurer Can Recoup Defense Costs, Appealable Conviction of Former Bank CEO Is “Final” Adjudication of D&O Claim
A New York federal court recently held that an insurance company was entitled to recoup legal fees paid under a directors and officers liability policy in defense of a criminal action against an ex-CEO who was convicted of bribery. On…
Digital Asset Insurance Coverage Series, Part 7: Insurance for NFTs
As we have discussed in prior parts of this series, the insurance industry has developed an array of policies specifically tailored to cover cryptocurrency claims, and some of these policies may also cover certain NFT claims. Separate and apart from…
Covered Members Only: Federal Court Accepts Yacht Club’s Wire Fraud Allegations
A federal court recently found that a policyholder adequately plead that a loss of hundreds of thousands of dollars through wire fraud is covered under a commercial crime policy. In Landings, Yacht, Golf, and Tennis Club v. Travelers Casualty and…
Digital Asset Insurance Coverage Series, Part 6: Brokers And Cryptocurrency Insurance
Kardashian Coverage Conundrums
Last week, Kim Kardashian settled with the SEC after the SEC announced charges against the social-media and reality TV star for promoting a crypto-currency token called EthereumMax, on her Instagram account, where she boasts more than 330 million followers, without…
Digital Asset Insurance Coverage Series, Part 5: How Companies And Consumers With Cryptocurrency Risk Approach Insurance
Last week’s discussion focused on the evolution of the insurance marketplace for digital assets. This section focuses on the marketplace as it now exists, providing examples of products being bought by companies and consumers facing cryptocurrency risks. …
Hunton Insurance Team Supports Tapestry, Inc.’s COVID-19 Appeal to Maryland High Court
The Hunton insurance recovery team recently offered support in a matter of great importance to Maryland policyholders. The case is pending before the Maryland Court of Appeals on a question certified from a Maryland federal court in a COVID-19 business…