In the early morning of March 26, 2024, a cargo ship estimated to weigh more than 100,000 tons catastrophically struck the 1.6-mile-long Francis Scott Key Bridge while departing the Port of Baltimore. This led to fatalities and interruptions to the
Policyholder Pulse
Red Sea Dangers: Increasing Insurance Premiums and Introducing Coverage Exclusions for Vessels Transiting the Red Sea
Yemeni-based Houthi forces have attacked more than two dozen vessels transiting the Red Sea since the October 7, 2023, start of the current Israel-Hamas conflict, leading to a surge in marine war insurance premiums. Houthi elements have attacked commercial shipping…
Ready, Set, Action: Camera-Shy Insurers Are Subject to Recording
Resolving an issue of first impression, the California First District Court of Appeal recently decided that property policyholders required to submit to an examination under oath (EUO) have a right to record the entire examination proceeding, including by capturing the…
Winner-Winner: Preserving Your Chicken Dinner with JPI
Judgment Preservation Insurance (JPI), also sometimes referred to as Judgment Protection Insurance, has become both more requested and available in recent years. As more plaintiffs seek ways to protect court judgments, more insurers are prepared to assume the risk of…
Navigating Insurance for NYC’s $708M Lawsuit Against 17 Bus Companies
In recent months, the United States-Mexico border has seen an unprecedented surge of migrants. With this wave, various state and local authorities across the nation have expressed a strain on their public resources and housing capacities. To relieve overwhelmed border…
Recent Illinois Supreme Court Decision on Construction Defect Claim Is a Perfect Holiday Gift for Policyholders
The Illinois Supreme Court handed down a big win for policyholders just in time for the holidays. In Acuity v. M/I Homes of Chicago, LLC, the court joined the mainstream of jurisdictions and reversed years-old precedent that severely limited…
SCOTUS Will Hear Appeal of Kaiser Gypsum Decision on “Insurance Neutrality”
“Insurance neutrality” is a common law bankruptcy standing doctrine that bars insurers from interjecting in chapter 11 plan proceedings. However, as James P. Bobotek and Andrew V. Alfano explain in “The ‘Insurance Neutrality’ Doctrine is Heading to SCOTUS,” in…
Federal Court Finally Issues an Opinion Analyzing LEG 3 (and It’s a Win for Policyholders)
The London Engineering Group’s LEG 3 exclusion—one of three standard form provisions issued by the London Engineering Group addressing coverage arising from construction or design defects—is an increasingly common defects exclusion found in Builder’s Risk and other policies covering projects…
Harvard’s Broker Fight Shows Active Risk Management Is Key
This summer, the courts dealt Harvard University a brutal one-two punch.
First, in June, the U.S. Supreme Court ruled against Harvard in the Students for Fair Admissions lawsuit—bringing nearly a decade of expensive litigation to a close by gutting affirmative action practices in…
PFAS Insurance Coverage: The Policyholder’s Roadmap to Recovery
On November 15, 2023, join PFAS Insurance Recovery Taskforce members Tamara Bruno and Scott Greenspan for “PFAS Insurance Coverage: The Policyholder’s Roadmap to Recovery.”
During this PLI event, Tamara and Scott will explore the most significant court decisions on PFAS…