Lloyd’s Underwriters Can Arbitrate Suit Over Hurricane Damage
Lloyd’s of London Underwriters can force property owners to arbitrate a breach of contract claim linked to damage from Hurricane Ida, a federal court in Louisiana ruled.
Lloyd’s of London Underwriters can force property owners to arbitrate a breach of contract claim linked to damage from Hurricane Ida, a federal court in Louisiana ruled.
A New York Caribbean food market defeated Union Mutual Fire Insurance Co.'s demand for reimbursement of $1.5 million in fire damage losses after the insurer failed to show the market’s negligence caused the fire.
Whether hailstorm damage to a roof can be considered cosmetic damage and excluded from an insurance policy remains a jury question, a federal court in Texas ruled.
A lawsuit accusing one of Puerto Rico’s largest insurers of pension mismanagement is moving forward as a class action covering 217 people whose benefits in the Real Legacy Assurance Co. pension plan were cut when the plan was terminated.
Whether an insurance company had knowledge of information about violation of its policy terms was a jury question, a federal court ruled Tuesday. The case hinges on whether the company knew a business operating in the building it was insuring used open-flame cooking and continued insuring the location notwithstanding that knowledge.