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NJ Supreme Court Goes Beyond Question of 'Direct Physical Loss' in COVID-19 Insurance Claim
"Although it is not strictly necessary given our conclusion that Ocean Walk did not allege facts to establish a 'direct physical loss' of or 'direct physical damage' to its property, we nonetheless briefly address Ocean Walk's argument that the contamination exclusion in the policies issued by AGLIC, AIG, and IFCC does not apply here," Justice Anne M. Patterson wrote.
First Dept. Tosses Out Most of MSG Companies' COVID-19 Business Loss Suit Against Major Insurers
The lawsuit, filed in March 2021, alleges that the 35 linked Madison Square Garden companies paid "millions of dollars in premiums," but "instead of honoring their obligations, the Insurers have paid nothing for the MSG Insureds' losses."
General Star Sues United Inn and Suites to Avoid Defending It in Assault Case
This suit was surfaced by Law.com Radar. Read the complaint here.
Plaintiffs Awarded $1.2M in Attorney Fees Under Settlement of Insurance Fraud Class Action Suit
Four individuals who purchased and held long-term care policies with Virginia's Genworth Life Insurance Co. before 2002 filed a class action complaint against the insurer in the U.S. District Court for the Eastern District of Virginia in January 2021.NJ Appellate Division Orders Dismissal of Ocean Casino's COVID-19 Business Interruption Claims
The New Jersey Appellate Division stated that the trial court "erroneously" found the defendant insurers' policy terms to be "ambiguous and confusing."
NJ Appeals Court Joins 'Scores' of Courts in Denying Business Owners Coverage for COVID-19 Losses
"We recognize that COVID-19 has caused overwhelming economic losses to untold businesses and individuals dependent on those businesses in our state, nation, and the world," the court said. "Nevertheless, in the context of the issues presented in this appeal, plaintiffs' insurance claims are restricted by the clear and plain meaning of their insurance policies, which we cannot rewrite to cover their unfortunate losses."
Willkie Continues Lateral Spree With Mayer Brown Insurance Group Leader, 3 Other Attorneys
The hires come on the heels of news that Morrison & Foerster New York office leader Brett Miller plans to join Willkie along with two other bankruptcy partners.
Incoming! Insurance Defense Lawyers Talk 'Nuclear Verdicts'
Lawyers and insurance executives say the surge of surprisingly high awards subject to social inflation—also known as "nuclear verdicts"—is not a new phenomenon.
Macon Judge Nixes Class Certification in Allstate Lawsuit Over Lost-Value Property Claims
The putative class action claims Allstate breached homeowners' policies by failing to assess and pay for diminished value after damaged properties have been repaired.TRENDING STORIES
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