A New Jersey appellate panel upheld an order forcing a construction company to honor its settlement with a Hartford unit over allegations of insurance fraud, agreeing with a lower court that supposed COVID-19 hardships aren't enough to excuse the company's obligations under the doctrine of impossibility.
A California appellate panel upheld on Tuesday a lower court's refusal to disqualify Pillsbury Winthrop Shaw Pittman LLP from representing Victaulic Co. in its multimillion dollar coverage fight with three AIG units, rejecting arguments that the firm's attorneys obtained relevant confidential information on AIG while at a previous firm.
An insurer must cover half of a $6 million settlement resolving a high school hockey coach's allegations that he was assaulted by a former player, an Illinois state appellate panel ruled Monday, agreeing with a trial court's judgment that the agreement wasn't collusive despite an "obvious conflict of interest" in negotiations.
Cyberattacks targeting critical infrastructure may "affect entire systems and result in catastrophic financial loss" beyond what can be covered by private insurance or government backstops, the U.S. Government Accountability Office warned in a report that recommends joint federal action to study growing cyberinsurance risks.
An insurer can't win summary judgment on its suit seeking reimbursement for defense and settlement costs from two companies it covered in an underlying dispute over a worker's foot injury, the companies told a Massachusetts federal court Thursday, arguing that they have case-changing testimony.