In HDI Global Specialty SE v. PF Holdings LLC, the Eleventh Circuit recently affirmed a district court ruling that the insurers of two apartment management companies did not have to cover a $54 million arbitration award against the companies
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 5
Insurer’s Failure to Produce Plainly Relevant Documents Draws Sanctions
Sanctions are an extreme remedy; frequently sought, but seldom granted. Such was the case in Hunton Andrews Kurth LLP’s action on behalf of hotel and casino, Treasure Island, LLC (“Treasure Island”), against Affiliated FM Insurance Company (“AFM”) in federal court…
Overlooking Insurance During Mergers Brings Hidden Dangers
In the complex world of mergers and acquisitions, it is more important than ever for businesses to consider insurance issues early and often. In a recent Bloomberg Law article, Hunton attorneys Syed S. Ahmad, Adam Lyons and Alex D.…
Delaware Supreme Court Affirms that D&O Insurer Must Cover Settlement of Alleged False Claims Act Violations
The Delaware Supreme Court recently affirmed a grant of summary judgment in favor of a mortgage lender who sought coverage for a government investigation under its management liability insurance policy, in the case ACE American Ins. Co. v. Guaranteed Rate,…
Executive Compensation Clawback Policies: Now Is the Time to Consider Insurance
As explained in a recent alert, now is the time for public companies to adopt compliant clawback policies. This is because the US Securities and Exchange Commission (SEC) recently approved final rules on June 9, 2023, that required national securities…
A Great River of LLC’s: The Eighth Circuit’s Take on Properly Assessing Diversity Jurisdiction
Earlier this month, the Eighth Circuit remanded a COVID-19 insurance recovery case to the district court on jurisdictional grounds. See Great River Ent., LLC v. Zurich Am. Ins. Co., No. 21-3815, 2023 WL 5839565 (8th Cir. Sept. 11, 2023). The…
Introducing The Hunton Policyholder’s Guide to Artificial Intelligence
Artificial intelligence (AI) is rapidly changing the way businesses operate, from the way we research and write, to the way data is processed, to the way inventory is measured and distributed, to the way employees are monitored and beyond. Soon,…
Potential RWI Coverage Disputes Highlighted By Massachusetts Litigation
Representations and warranties coverage disputes are far more often resolved through informal or confidential proceedings rather than litigation. Law 360 recently published an article by Hunton insurance counsel Syed Ahmad, Patrick McDermott, and Jae Lynn Huckaba analyzing a rare representations…
Air Horse One: Florida Sets a High Bar to Find Insurance Coverage Illusory
When obtaining insurance coverage, businesses must be wary of policy exclusions that are so broad that they defeat the policy’s primary purpose and render coverage illusory. In Travelers Property Casualty Company of America v. H.E. Sutton Forwarding Co., LLC, No.…
First Circuit Rejects Insurer’s “Insupportable” Duty-to-Cooperate Defense in Arson Coverage Suit
In Philadelphia Indemnity Insurance Co. v. BAS Holding Corp., the Court of Appeals for the First Circuit rejected an insurer’s “insupportable” defense that the insured company had breached its duty to cooperate by refusing the insurer’s request for an…