Litigation/Liability Trends
Middle East Insurers Reportedly Absorbing Bulk of Beirut Blast Losses
Insurers in the Middle East are expected to absorb a large part of the losses from Beirut's explosion last week with Lloyd's of London and other international players expected to be less exposed, ...
Push to Consolidate COVID-19 Business Loss Suits Denied; Insurer-Based Grouping Eyed Instead
The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various insurers for coronavirus-related business losses. At the ...
Britain Train Crash Is Worst in 15 Years; 3 People Dead
Britain suffered its worst train crash in more than 15 years after a derailment in Scotland killed three people, including the driver, and left another six injured. The Scotrail service was traveling ...
Missouri Judge Rules Business Owners Can Sue Carrier Over Coronavirus Losses
A federal judge in Missouri said on Wednesday a group of hair salons and restaurants can sue their insurance carrier for business interruption losses caused by the coronavirus pandemic, which they ...
A Record 25 Named Tropical Storms Could Strike This Year
The U.S. National Oceanic and Atmospheric Administration (NOAA) last Thursday predicted up to 16 more named tropical storms this year, to as many as 25, the highest in the agency's history. The 2020 ...
Beirut Blast Marine Insurance Losses Likely Less Than $250M
Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy ...
D&O Liability Insurance Rates Surge Over COVID-19 Litigation Fears
Premiums for directors' and officers' liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters fear the coronavirus pandemic will lead to hefty ...
D.C. Judge Dismisses Restaurants’ Business Interruption Claims
The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption due to the coronavirus. In a case brought by the owner ...