/insurance-authority/property?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Authority Property Copyright 2025 Â鶹´«Ã½. en-US Fri, 06 Jun 2025 18:49:44 +0000 /insurance-authority/property/articles/2349359?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349359 A 7-year-old federal lawsuit between a Colorado condominium complex and its insurer alleging nearly $25 million in unpaid claims has ended in a private settlement. Fri, 06 Jun 2025 18:06:52 +0000 /insurance-authority/property/articles/2350533?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2350533 California homeowners accused AAA and USAA of systematically undervaluing the replacement cost of their homes all while advertising adequate coverage and financial security, telling a state court that many cannot now afford to replace or rebuild their homes following the wildfires in Los Angeles earlier this year. Thu, 05 Jun 2025 21:31:22 +0000 /insurance-authority/property/articles/2349897?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349897 A novel suit accusing oil and gas companies of contributing to a woman's 2022 heat wave death could lead to future insurance disputes, but experts said common exclusions and other policy terms could leave the companies footing defense costs. Thu, 05 Jun 2025 21:18:22 +0000 /insurance-authority/property/articles/2349532?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349532 A new law overhauling South Carolina's joint and several liability statutes, which left bars and restaurants potentially on the hook for the full amount of a verdict in alcohol-related lawsuits, has experts cautiously optimistic that the change will make insurance more affordable for these venues. Thu, 05 Jun 2025 16:59:00 +0000 /insurance-authority/property/articles/2350026?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2350026 Norton Rose Fulbright announced the growth of its Chicago office Thursday with the addition of a "highly regarded corporate lawyer," who will serve as a partner in the firm's business practice group and as a member of its transactional and regulatory insurance team. Thu, 05 Jun 2025 16:57:27 +0000 /insurance-authority/property/articles/2350069?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2350069 Former New England Patriots linebacker Andre Tippett and his wife are suing a Travelers subsidiary over its denial of coverage for nearly $400,000 worth of water damage to their Massachusetts home, according to a complaint filed on Thursday in state court. Thu, 05 Jun 2025 16:01:30 +0000 /insurance-authority/property/articles/2349703?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349703 Missouri's governor announced additional goals for a special session that began this week, including asking lawmakers to put an annual cap on residential property value increases. Thu, 05 Jun 2025 15:59:16 +0000 /insurance-authority/property/articles/2349893?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349893 A recent survey from the Federal Reserve Board showing that 7% of U.S. homeowners are going without property insurance underscores a key part of a national housing affordability crisis that is leaving more households with little protection from disasters. Thu, 05 Jun 2025 14:47:17 +0000 /insurance-authority/property/articles/2349820?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2349820 The Sixth Circuit said a coverage dispute over PFAS litigation shouldn't have been sent back to state court, the Tenth Circuit found that an insurer did not unreasonably deny a hail damage claim and a Florida federal court freed an insurer from paying an $8.5 million deal over construction defects. Here, Â鶹´«Ã½360 takes a look at the past week's top insurance news. Tue, 03 Jun 2025 20:21:42 +0000 /insurance-authority/property/articles/2348811?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348811 A lumber company and its insurance broker told a Nebraska federal court that the company's property insurance policy should be reformed to include $500,000 in business interruption coverage following a fire loss, alleging the insurer failed to do so despite the broker's request during the company's policy renewal. Tue, 03 Jun 2025 18:19:03 +0000 /insurance-authority/property/articles/2348708?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348708 A manufacturer of electrical cables is responsible for over $1 million in damages for a fire at a Philadelphia-based discount department store, an insurer told a Pennsylvania federal court, saying the blaze was caused by the manufacturer's defective armored cabling. Tue, 03 Jun 2025 14:00:31 +0000 /insurance-authority/property/articles/2345428?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345428 A rebound in client work sent the nation’s largest law firms into growth mode last year, driving a wave of hiring, mergers and strategic moves that reshaped the top tier of the Â鶹´«Ã½360 400. Here's a preview of the 100 firms with the largest U.S. attorney headcounts. Mon, 02 Jun 2025 20:36:17 +0000 /insurance-authority/property/articles/2348162?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2348162 A Seattle building owner urged a Washington federal court to grant it a partial early win in a coverage dispute over $8.5 million in water damage, telling the court that under state law, none of the four exclusions its insurer cited when denying coverage are applicable to the water intrusion loss. Mon, 02 Jun 2025 18:47:10 +0000 /insurance-authority/property/articles/2347089?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347089 Academics, attorneys and insurance industry officials took a look at the myriad ways artificial intelligence could affect the "insurance value chain," as one conference panelist put it, across claims, litigation and underwriting, including the coverage of AI-related occurrences themselves. Mon, 02 Jun 2025 15:36:34 +0000 /insurance-authority/property/articles/2340385?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2340385 Preliminary findings from our recent study on how attorney gender might affect case outcomes support the conclusion that there is little in the way of a clear, universal bias against attorneys of a given gender, say Jill Leibold, Olivia Goodman and Alexa Hiley at IMS Legal Strategies. Fri, 30 May 2025 21:29:02 +0000 /insurance-authority/property/articles/2347354?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347354 A townhome association's insurer has no legal basis to withhold payments under a $2.7 million appraisal award for costs connected to a 2022 storm, the association told a Minnesota federal court Friday in a bid for an early win in its suit. Fri, 30 May 2025 20:39:42 +0000 /insurance-authority/property/articles/2347049?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2347049 Ace Property and Casualty Insurance Co. has launched a sanctions bid in Georgia federal court against two policyholders and their counsel in a coverage suit, alleging they abused the judicial process by adding outside counsel as a defendant just to defeat diversity jurisdiction and remand the case to state court. Thu, 29 May 2025 20:48:18 +0000 /insurance-authority/property/articles/2346446?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346446 The use of insurance-linked securities has boomed in recent years, helping increase overall global reinsurance capacity and allowing investors to participate in reinsurance transactions without having to become licensed reinsurers themselves. Here, Â鶹´«Ã½360 talks to Nicholas Berry, a London-based partner at Norton Rose Fulbright, on the mechanics of ILS transactions and why he thinks this alternative asset type is here to stay. Thu, 29 May 2025 19:22:37 +0000 /insurance-authority/property/articles/2346581?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2346581 Changing regulations at the U.S. Food and Drug Administration under the Trump administration may make food contamination risks a higher concern for certain policyholders, and insureds should closely review their commercial general liability and product recall policies for potential coverage, experts say. Thu, 29 May 2025 19:05:49 +0000 /insurance-authority/property/articles/2345839?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2345839 A national clothing retailer can't get coverage for its pandemic-related losses, a Tennessee federal court ruled, permanently tossing the case and saying its Hartford policy plainly excluded the losses regardless of whether Tennessee law or Pennsylvania law — the original jurisdiction of the case — applied.