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Insurers Say Tennis Player's $9.9M Arbitration Isn't Covered


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Insurers Say Tennis Player s $9.9M Arbitration Isn t Covered
Law360 (May 5, 2021, 2:36 PM EDT) The touring company for the Women s Tennis Association can t tap into coverage for an American professional tennis player s $9.9 million arbitration over the way antidoping blood tests are administered at tournaments, according to insurers Florida federal suit.
Depositors Insurance Co. and Allied Property & Casualty Insurance Co. said Tuesday that their business owners policy and umbrella policy exclude the type of professional services the insertion of a needle into a vein for blood testing at issue in Madison Brengle s arbitration against WTA Tour Inc.
Brengle said WTA Tour forced her at various major tennis tournaments to undergo venipuncture blood. ....

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Florida's property insurance market is ailing. There is no quick fix


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Florida’s property insurance market posted one of its worst financial performances in 2020, even without a hurricane making landfall in the Sunshine State, and policyholders are starting to pay the price.
Experts say there is no quick fix to the challenges buffeting the industry.
Fifty-six Florida insurers reported a combined $1.57 billion in underwriting losses, according to financial data obtained by the Tampa Bay Times, spending more on claims and expenses than they brought in through premiums. The figure marks the industry’s fifth consecutive year of losses in the state and is more than two-and-a-half times what those companies lost in 2019. ....

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