Page 11 - Certain Underwriters News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To embed, copy and paste the code into your website or blog: Trial courts have started to rule and appellate courts are now being asked to decide whether government closure orders enacted due to the COVID-19 pandemic cause restaurants “direct physical loss or damage to property” within the meaning of an all-risk insurance policy.  This issue is pending before the Eleventh Circuit Court of Appeals after the Southern District of Florida dismissed a Florida restaurant operator’s effort to bring a lawsuit against insurer Lloyd’s of London seeking coverage for COVID-19 related restaurant ...

Cajun Conti LLC. et al, doing business as Oceana Grill in New Orleans was denied its petition for declaratory judgment against Certain Underwriters at Lloyd's, London. Cajun Conti wanted COVID-19-related business income losses to be covered. | Facebook Lloyd’s London underwriters won’t be compelled to cover COVID-19-related business income loss sustained by restaurant companies doing business as Oceana Grill in New Orleans, following an Orleans Parish judge's ruling on Feb. 10. Cajun Conti filed suit on March 16, 2020 in a petition for declaratory judgment against ...

Claims Journal To read this article in PDF format, please click here. For an incredible 10-day period in mid-February, Texas was battered by a brutal winter storm bringing snow, ice, and record-low temperatures. Millions of Texans were without power and water for days. These conditions forced thousands of Texas businesses to close during the storm. Many of these businesses also sustained property damage from pipe bursts and resulting water discharge. The property insurance claims have already started to come in. Some believe the storm will be the largest insurance event in Texas history. Unli...

The United States District Court for the Northern District of Illinois, applying Illinois law, has held that a professional liability insurer had no duty to defend or indemnify an...

To embed, copy and paste the code into your website or blog: Recoupment of defense costs (defense fees and costs) by insurers in the absence of a duty to indemnify under a liability policy is an unsettled issue in many states. In a recent decision, a New York intermediate appellate court held that even though there was no duty to indemnify an underlying personal injury action under a CGL policy, the insurer could not recoup the defense costs it had advanced under a reservation of rights (ROR) letter where the policy at issue provided for a duty to defend but did not contain an express contr...