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Restaurant Conglomerate Loses $50M NY Virus Coverage Suit

Restaurant Conglomerate Loses $50M NY Virus Coverage Suit
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.

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Swiss Re Corporate Solutions to Change Legal Structure for North America

Swiss Re Corporate Solutions to Change Legal Structure for North America
March 9, 2021
Swiss Re Corporate Solutions announced a plan to streamline the legal entity structure of its North American business.
The changes include establishing Swiss Re Corporate Solutions America Insurance Corp. as its North American flagship insurance carrier.
Also, Corporate Solutions pans to redomesticate its subsidiary North American Specialty Insurance Co. (NAS) to Missouri from New Hampshire, change its name to Swiss Re Corporate Solutions America Insurance Corp. and transfer its other U.S. primary carriers to Swiss Re Corporate Solutions America Insurance Corp.
The legal changes are intended to reduce complexity and improve financial efficiency. This streamlining follows the Swiss Re Group’s announcement on September 25, 2020. ....

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No Arizona case law for business' COVID insurance case leads to Pa. court declining jurisdiction over it

McHugh | Wikipedia
PHILADELPHIA – A federal judge in Philadelphia has declined jurisdiction for and dismissed without prejudice a case to see if any insurance coverage exists to protect an Arizona business from income losses and expenses sustained during state-ordered shutdowns, resulting from the COVID-19 pandemic.
U.S. District Court for the Eastern District of Pennsylvania Judge Gerald A. McHugh issued his
opinion on Jan. 27, dismissing i2i Optique LLC’s litigation against Valley Forge Insurance Company (doing business as “CNA”).
The plaintiff, i2i Optique LLC, is an Arizona company that operates, manages, and owns an optical goods store in Scottsdale, Ariz. The defendant, Valley Forge Insurance Company (doing business as “CNA”), based in Pennsylvania, issued an insurance policy to plaintiff for the period of Aug. 31, 2019 to Aug. 31, 2020. Plaintiff’s optical goods store is covered under the policy. ....

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2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits

2020 Could Make 2021 the Year of Insurance Agency E&O Lawsuits
Insurance agents and brokers should prepare for a big agency errors and omissions (E&O) litigation wave to crash their shores in 2021.
Agency E&O claims are a lagging indicator, meaning plaintiffs typically only go after agents and brokers after they exhaust other legal avenues most often suing insurers and come up short, according to experts at the 2020 virtual Professional Liability Underwriting Society (PLUS) conference.
While E&O claims from the pandemic of 2020 have not happened yet in noticeable numbers, they will, just as they happen following major storms or other disasters, the experts warned. ....

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Louisiana Court: 'Collectibility' Not a Limiting Factor in Legal Malpractice Damage Amounts

Louisiana Court: ‘Collectibility’ Not a Limiting Factor in Legal Malpractice Damage Amounts
Are a plaintiff’s damages in a legal malpractice case limited to the amount they could have collected in a judgement in the underlying lawsuit that an attorney was found to have mishandled?
The Louisiana Supreme Court said ‘no’ in a case involving a woman’s malpractice suit against her attorney who failed to file in a timely manner his client’s petition for damages following an auto accident in which the client was injured.
In Elaine Ewing vs. Westport Insurance Corporation, Et Al., the court was asked to “determine whether ‘collectibility’ is a relevant consideration in a legal malpractice action,” Chief Justice Bernette J. Johnson explained in an opinion issued Nov. 19. ....

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