Michael S. Levine and Alex D. Pappas | Hunton Andrews Kurth As artificial intelligence (AI) continues to revolutionize the business landscape, its associated risks are becoming more complex, widespread, and consequential. While the insurance industry determines the precise circumstances in which insurance may cover these risks, businesses should consider the complementary benefits of indemnification agreements… Continue reading Artificial Intelligence Risk: Why Risk Professionals Should Consider Indemnification As A Gap-Filler
Category: Insurance
COVID-19 Business Interruption Claims Four Years Later: What Have We Learned?
Patrick McKnight | The Dispute Resolver Four and half years ago the COVID-19 pandemic spread around the globe, bringing with it interesting, but challenging, legal problems for construction attorneys. Construction projects ground to a halt. Ever-changing guidance from authorities ranging from the U.S. Department of Labor to local health authorities resulted in a web of evolving obligations… Continue reading COVID-19 Business Interruption Claims Four Years Later: What Have We Learned?
Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property
Joshua Tumen | Property Insurance Law Observer In AMAG Pharmaceuticals, Inc. v. American Guarantee and Liability Insurance Company, the United States District Court for the District of Massachusetts held that a loose bolt or fitting that could be remedied simply by tightening it did not constitute “direct physical loss of or damage” to equipment covered under… Continue reading Court Says Loose Bolt Remedied by Tightening Does not Constitute “Direct Physical Loss of or Damage” to Property
The Main Event: Florida Supreme Court to Resolve District Court Split Over Retroactive Application of State’s NOI Statute
Vincent Fernandez and Shaheen Nouri | Butler Weihmuller Katz Craig Tag-teaming with Florida’s Sixth District Court of Appeal, the Second District is also at odds with the Third and Fourth Districts on the issue of retroactive application of Florida’s litigation-intent statute. In Buis v. Universal Property & Casualty Insurance Company, No. 2D2023-0655, 2024 WL 4096130 (Fla.… Continue reading The Main Event: Florida Supreme Court to Resolve District Court Split Over Retroactive Application of State’s NOI Statute
Ensuing Loss Provision Salvages Coverage for Water Damage Claim
Tred R. Eyerly | Insurance Law Hawaii The Court of Appeals for the D.C. Circuit reversed the district court’s finding of no coverage and found that the ensuing loss provision provided coverage for water damage. 3524 East Cap Venture, LLC, et al. v. Weschester Fire Ins. Co., et al., 104 F. 4th 193 (D.C.… Continue reading Ensuing Loss Provision Salvages Coverage for Water Damage Claim