In All Seasons Landscaping, Inc. v. Travelers Casualty & Surety Co plaintiff, subcontractor on state project, commenced lawsuit against surety who issued payment bond on project two years after subcontractor last performed any original contract work on the project.
In All Seasons Landscaping, Inc. v. Travelers Casualty & Surety Co., No. DBD-CV21-6039074-S, 2022 WL 1135703 (Conn. Super. Ct. April 4, 2022) the plaintiff, a subcontractor on a state.
A Travelers unit doesn't have to cover the majority of a wire fraud a Florida yacht club said it suffered, a Florida federal judge ruled, finding the club only partially alleged that parties committed the fraud by purporting to be the club itself, a requirement under its crime policy.
The most significant coverage issue facing the fidelity industry today is the scope of causation. Whether a court applies a “direct means direct” or a tort-based proximate cause.
In G&G Oil Co. of Indiana, Inc. v. Continental Western Insurance Co., the Indiana Supreme Court confirmed that silent cyber; insurance industry’s term for circumstances when losses due to cyberattacks are covered by policies not marketed as cyberinsurance – extends to losses due to ransomware.