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Insurance Policy Choice of Law Provision Again Faces Public Policy Challenge | Hinshaw & Culbertson - Insights for Insurers


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A Missouri federal district court became the second court within the past 15 months to consider whether a state s public policy overrides an insurance policy s choice of law provision.
Maritz Holdings v. Certain Underwriters at Lloyd s London, No. 4:18-CV-00825 SEP, 2020 U.S. Dist. LEXIS 222400 (E.D. Mo. Nov. 30, 2020), involved an insurance coverage dispute over alleged losses arising out of cybersecurity events. After the underwriters denied coverage, the insured filed suit, asserting claims for breach of contract as well as a bad faith under Missouri s vexatious refusal to pay statute.[1] The policies contained a choice of law provision designating New York law as the applicable law governing disputes arising out of the policies. The Underwriters asked for judgment on the pleadings as to the bad faith claim because it is made under Missouri law, and therefore fails to state a claim under the applicable gover ....

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Customer Loyalty Software Market to Witness Excellent Growth : SAP, Aimia, IBM


Customer Loyalty Software Market to Witness Excellent Growth : SAP, Aimia, IBM
 
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