Attorneys general in 3 states would gain more power to sue fossil fuel companies over climate change-related insurance costs through a series of recently introduced bills, but those lawsuits would likely come up against tough legal challenges, experts say. www.law360.com/insur... #InsuranceAuthority
A team of seasoned appellate lawyers led by Gibson Dunn & Crutcher LLP guided an AIG unit to victory in the Seventh Circuit, which ruled that the insurer owed no coverage for $150 million in legal costs from various contamination lawsuits. www.law360.com/insur... #InsuranceAuthority
Faegre Drinker's Scott M. Kosnoff talks to Law360 #InsuranceAuthority about a new regulator program to evaluate how insurance companies use artificial intelligence systems.
More regulatory leeway for U.S. companies to disregard shareholder proposals may generate a new wave of lawsuits from investor groups looking to sway corporate behavior. www.law360.com/insur... #InsuranceAuthority
A Delaware Supreme Court ruling allowed insurers to seek a collective recovery of their policyholders' losses from a ransomware attack, clearing a key procedural hurdle for policyholders and insurers to be made whole after a cyber incident. www.law360.com/insur... #InsuranceAuthority
How and why the conflict, which quickly spread to Lebanon, Israel and around the Middle East, is ultimately defined could mean massive new exposure for carriers now grappling with a sudden, potentially expansive increase in exposure. www.law360.com/insur... #InsuranceAuthority
While a trial is underway over claims that Meta designs platforms addictive to adolescents, a Delaware court issued a key insurance ruling when it found Meta cannot get coverage for the underlying suits because they do not allege accidental conduct. www.law360.com/insur... #InsuranceAuthority
Kaiser Foundation Health Plan's suit seeking $95 million in coverage for a recently settled whistleblower action raises an important challenge to policy language that limits coverage for claims related to returning funds received from government agencies. www.law360.com/insur... #InsuranceAuthority
Law360 breaks down some of the notable moments of the conference, which included a discussion of how D&O issues could crop up in securities disputes, the incidence of D&O issues being driven by newsworthy events, and some top litigation.
www.law360.com/insur... #InsuranceAuthority
But policyholder interests say the bill can help consumers unable to find comprehensive insurance and good claims-handling after being shut out from traditional markets. www.law360.com/insur... #InsuranceAuthority
A set of California consumer protection regulations governing automated decision-making is raising concerns among insurance professionals, who see an increasingly fragmented enforcement landscape even as insurers and policyholders grow more savvy with AI. www.law360.com/insur... #InsuranceAuthority
An accusation by the Archdiocese of New York that Chubb waged a "shadow campaign" against the church while defending a slew of sex abuse suits against the church has the potential to disrupt trust in the insurance market if the claims are substantiated. www.law360.com/insur... #InsuranceAuthority
The Delaware Supreme Court delivered policyholders a crucial victory when it rejected arguments by insurers that a $28 million settlement paid by Harman to resolve stockholder litigation constituted an excluded post-deal "bump-up" in merger consideration. www.law360.com/insur... #InsuranceAuthority
The Illinois high court deemed state pollution permits irrelevant when determining whether pollutants fall within the scope of an exclusion in CGL policies and endorsed separate pollution liability policies in a ruling carrier-side attorneys are praising. www.law360.com/insur... #InsuranceAuthority
Certain county jails are struggling to remain insurable because of failure to ensure statewide standards and excessive claims, experts say, prompting a review of county policies and available funding. www.law360.com/insur... #InsuranceAuthority
A suit accusing oil companies of contributing to increasing homeowners insurance premiums opened up a new consumer-oriented front in a wave of climate change litigation that experts say they only expect to see more of in the coming years. www.law360.com/insur... #InsuranceAuthority
The government's retreat from regulations and enforcement actions around data breach and cybersecurity disclosures offers little relief to insurance experts, who see the exposure to cyber threats, potential liabilities and enforcement actions as growing. www.law360.com/insur... #InsuranceAuthority
The Pennsylvania Supreme Court heard a dispute over claims a hotel ignored sex trafficking, drawing the attention of attorneys who believe the hotel's insurers asked to step beyond the bounds of contracts by applying an implicit "public policy" exclusion. www.law360.com/insur... #InsuranceAuthority
A Las Vegas casino and resort is asking the Ninth Circuit to overturn a lower court decision that denied coverage for losses from the COVID-19 pandemic, raising policyholder hopes that the case could stand out from prior unsuccessful attempts. www.law360.com/insur... #InsuranceAuthority
Payouts of over $240 million to Jamaica in the wake of Hurricane Melissa from a catastrophe bond and parametric insurance policies show the crucial role of the growing insurance-linked securities market for immediate funding needs after natural disasters. www.law360.com/insur... #InsuranceAuthority
A Las Vegas casino and resort is asking the Ninth Circuit to overturn a lower court decision that denied coverage for losses from the COVID-19 pandemic, raising policyholder hopes that the case could stand out from prior unsuccessful attempts. www.law360.com/insur... #InsuranceAuthority
The Ninth Circuit is set to hear arguments over whether a Las Vegas casino and resort was wrongly denied coverage for losses from the COVID-19 pandemic, setting up another battle over whether the presence of the virus constituted a covered physical loss. www.law360.com/insur... #InsuranceAuthority
A proposed California rule to require insurers to report on long-term climate and technological risks could boost oversight of major industry and consumer threats, but the rule could go further in pushing carriers to be more eco-friendly. www.law360.com/insur... #InsuranceAuthority
A California federal court's decision rejecting a Los Angeles property owner's bid to recover an additional $2.1 million for fire losses represents a cautionary tale regarding the coverage issues that can arise in shared-limit property insurance programs. www.law360.com/insur... #InsuranceAuthority
The theft of approximately $102 million worth of historic artifacts from the Louvre Museum provided a stunning example of the risks that major cultural institutions can face and the often limited insurance options available to cover financial losses. #InsuranceAuthority
Deposit insurance coverage could increase due to a bipartisan proposal to expand the limit to $10 million per depositor for certain transaction accounts, but experts say legislators should conduct further analyses to ensure safeguards are in place. www.law360.com/insur... #InsuranceAuthority
The theft of approximately $102 million worth of historic artifacts from the Louvre in Paris provided a stunning example of the risks that major cultural institutions can face and the often limited insurance options available to cover financial losses. www.law360.com/insur... #InsuranceAuthority
In suing State Farm for homeowners insurance data, the state of Illinois is taking an approach to regulating carriers with transparency in mind that could be replicated elsewhere, but lowering climate-influenced costs will be a challenge, experts said. www.law360.com/insur... #InsuranceAuthority
Sharad Ohja has been declared ineligible for the Insurance Authority chairman post. What was the case?
#SharadOhja #InsuranceAuthority #LeadershipNews #NepalNews #Accountability #AllStocksInfo #NEPSE #Insurancecompany
allstocksinfo.com/sharad-ohja-...
नेपाल बीमा प्राधिकरणका अध्यक्ष सूर्य प्रसाद सिलवालले नागरिकता र राहदानीमा झुटा विवरण दिई लाभ र सुविधा प्राप्त गरेको आरोप लागेको छ।
breaknlinks.com/nepali/news/...
#insuranceauthority #suryaprasadsilwal #nepal #court
