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Top News In நட்சத்திரம் இழப்பெதிர்காப்புப் பொறுப்பு இணை Today - Breaking & Trending Today

Insurers Lose Restitution Defense Bid In $120M Coverage Row


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Insurers Lose Restitution Defense Bid In $120M Coverage Row
Law360 (March 1, 2021, 5:33 PM EST) Starr Indemnity & Liability Co. and other insurers can t get out of covering an investment group s $120 million settlement in litigation over a buyout of retailer Nine West just because the deal may represent payback for ill-gotten gains, a Delaware state court judge has ruled.
Superior Court Judge Abigail M. LeGrow on Friday gave a partial win to Sycamore Partners Management LP and its sister firms, finding the excess insurers couldn t invoke the so-called uninsurability defense to get out of covering the Delaware private equity firms in a settlement with the bankruptcy trustees for the women s shoe retailer, according to the. ....

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Insurer Says River Transit Co. That Caused Crash Owes $2M


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Insurer Says River Transit Co. That Caused Crash Owes $2M
Law360 (February 24, 2021, 8:10 PM EST) Starr Indemnity & Liability Co. has brought American River Transportation Co. to Louisiana federal court, alleging ARTC wrongly denied paying for a Starr policyholder s $2 million loss after ARTC s towing boat struck a bridge on the Mississippi River, causing significant damage to vessels forced to wait in the rising current.
Starr said Tuesday that ARTC is solely responsible for the losses sustained by its insured, ACBL River Operations LLC, another marine transportation company. Starr accuses ARTC of fault and negligence and asserts admiralty and maritime claims against the company. ....

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Liberty On The Hook For $7.5M In Wrongful Death Judgment


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Liberty On The Hook For $7.5M In Wrongful Death Judgment
Law360 (January 13, 2021, 10:21 PM EST) A Missouri appellate court has affirmed a ruling against Liberty Insurance Corp. and in favor of a primary insurer and the family of a man who died after he was ejected from a vehicle at a dairy farm, allowing the family to collect $7.5 million from a Liberty umbrella insurance policy.
Judge W. Douglas Thomson, writing for the panel Tuesday, affirmed two lower court judgments in favor of Starr Indemnity & Liability Co. and the family of Richard Geiler, who died while he was working at a dairy farm as part of a rehabilitation program in 2015, according to the opinion.. ....

W Douglas Thomson , Richard Geiler , Starr Indemnity Liability Co , Liberty Insurance Corp , Liberty Insurance , Starr Indemnity , டப்ல்யூ டக்ளஸ் தாம்சன் , நட்சத்திரம் இழப்பெதிர்காப்புப் பொறுப்பு இணை , சுதந்திரம் காப்பீடு கார்ப் , சுதந்திரம் காப்பீடு , நட்சத்திரம் இழப்பெதிர்காப்புப் ,

Recent Court Ruling Illustrates The Perils Insurers Face When Sending Boilerplate Coverage Letters To Georgia Policyholders | King & Spalding


Federal Court in Georgia Applies
Hoover Rule Finding that Insurers Who Sent Denial Letters Waived Right to Assert Other Coverage Defenses Later.
Eight years ago in
Hoover v. Maxum Indemnity Co., 730 S.E.2d 413 (Ga. 2012), Georgia’s Supreme Court cautioned insurers against the common practice of denying coverage on one ground at the outset of a claim’s investigation, and later amending or supplementing that coverage denial to assert new coverage defenses if the initial reasons for denying coverage fail. Under
Hoover, when an insurer responds to a Georgia policyholder’s claim notification, it has three options: (1) confirm coverage for the claim; (2) defend the claim under a reservation of rights to deny coverage later after a claim investigation; or (3) deny the claim outright. ....

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