Insurer Denies Coverage for Deal Litigation Despite Bank Purchasing Runoff...
Hunton Andrews Kurth’s insurance coverage team recently published a client alert discussing a D&O coverage dispute arising from a credit union’s post-acquisition fraud claims. Everest National...
View ArticleWhen “Substantially Similar” Means “Fundamentally Identical”: Delaware Court...
A company faces two class action lawsuits—filed by different plaintiffs, complaining of different allegedly wrongful conduct, asserting different causes of action subject to different burdens of proof,...
View ArticleAs Global Supply Chain Risks Continue to Grow, Policyholders Need a Strategy...
As governments lift COVID-19 lockdown restrictions and economies begin to reopen, consumer demand for products has skyrocketed. Amid the spike in demand, businesses are struggling to meet consumers’...
View ArticleHistoric Boeing Derivative Settlement Funded By D&O Insurers: How to Ensure...
Earlier this month, current and former Boeing Company directors agreed to a $237.5 million settlement to resolve claims that they ignored safety issues concerning Boeing’s 737 MAX aircraft. While the...
View ArticlePrison Break: Insurer Seeks to Escape Coverage for Suit Tied to “El Chapo”
In an appeal to the Ninth Circuit, a private equity firm has asked the court to reverse an order finding there was no coverage for a suit alleging it concealed that a facility it sold was run by...
View ArticleHurricane Warning: Florida and Southeastern US Companies – It is Time to...
Hurricane Ian is rapidly approaching the west coast of Florida and is expected to make landfall as a Category 4 hurricane near the Tampa area within the coming days. While the exact track is still...
View ArticleInsurer Can’t Flush Away Its Duty to Defend
In a recent opinion, the Northern District Court of Illinois reaffirmed the bedrock principle that an insurer’s duty to defend is broad and triggered by any allegations in a complaint that potentially...
View ArticleInsurance Coverage Under Umbrella Policy Extends Beyond Requirements of...
In ExxonMobil Corp. v. Natl. Union Fire Ins. Co. of Pittsburgh, PA, the Texas Supreme Court held that an insurance policy did not incorporate the payout limits of an underlying service agreement and...
View ArticleEleventh Circuit Rejects Implicit Right to Reimbursement of Defense Costs...
Whether an insurer has a right to reimburse defense costs after a finding that it has no duty to defend remains an open question in Georgia. However, in Continental Casualty Co., et al. v. Winder...
View ArticleReminder to Policyholders: Cooperate and Consent!
In HDI Global Specialty SE v. PF Holdings LLC, the Eleventh Circuit recently affirmed a district court ruling that the insurers of two apartment management companies did not have to cover a $54 million...
View ArticleInvisible Particles or Not: Coverage May Exist for COVID Claims
A Washington state court in The Board of Regents of the University of Washington v. Employers Insurance Company of Wausau, No. 22-2-15472-1, recently held that the University of Washington has made a...
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