The 2025 Operational Technology Security Financial Risk Report issued this month by Dragos in collaboration with Marsh McLennan provides a comprehensive analysis of the financial impact of cyber incidents on operational technology (“OT”) assets worldwide. In this article, we highlight
On January 7, 2025, wildfires raced across Los Angeles, forcing families to evacuate and leave their belongings and heirlooms behind. Many insureds promptly filed claims under their homeowners’ insurance. Some policyholders have already been paid their policy limits. Others continue
In a victory for policyholders, the Court of Appeal’s decision in Delos Shipholding SA & Ors v Allianz Global Corporate and Specialty SE & Ors [2025] EWCA Civ 1019 provides important guidance on the interpretation of war risks insurance policies
An insurance company’s defense obligation carries with it a conditional obligation to indemnify in the event the policyholder is held liable for a claim covered by the policy. When a case is resolved by settlement, prior to findings of fact
The made-whole doctrine (also known as the make-whole doctrine or the full compensation rule) is an equitable principle requiring a policyholder to be made whole for its loss before an insurance company can exercise its subrogation rights against a third
Addressing a Growing Challenge
In response to the increasing severity and complexity of wildfire smoke damage across California, the Department of Insurance announced the creation of a new Smoke Claims & Remediation Task Force. This initiative, spearheaded by Insurance Commissioner
The Court of Appeal in International Entertainment Holdings Ltd & Ors v Allianz Insurance Plc [2025] 1 ALL ER Comm 623 has again reinforced the test for correction of mistakes by construction, following a similar decision by the Court of
Cyber incidents can pose a threat to any business. A recent bankruptcy case, In re Jerico Pictures, Inc., d/b/a National Public Data (“National Public Data”),[1] demonstrates that the growing recognition of the danger posed by cyber risks is also
Key Takeaways
An insurer that breaches a duty to defend its insured for a lawsuit will typically be held liable for the expenses the insured “incurred in defending the suit, including reasonable attorney’s fees and court costs.” Primrose Operating Co. v. Nat’l
