/insurance-authority/property?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Insurance Authority Property Copyright 2025 ¼«ËÙÈü³µ. en-US Fri, 18 Apr 2025 16:41:29 +0000 /insurance-authority/property/articles/2327342?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2327342 A Georgia federal judge has shot down Zurich American Insurance Co.'s bid to escape a $12.2 million judgment that followed a January trial where a jury found the insurer shortchanged a Peach State solar farm's claim for storm damage. Thu, 17 Apr 2025 20:54:04 +0000 /insurance-authority/property/articles/2326914?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2326914 Colorado launched the country's first new Fair Access to Insurance Requirements, or FAIR, Plan in 40 years to offer residents another tool in an increasingly challenging wildfire, hail and wind market, but experts emphasized that this limited form of coverage is not intended to address affordability concerns. Thu, 17 Apr 2025 20:48:16 +0000 /insurance-authority/property/articles/2326978?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2326978 Colorado lawmakers are contemplating insurance bills that experts say could help improve the state's market by boosting home resilience, but there are still cost concerns and skepticism that other proposals are workable, like a state reinsurance program. Thu, 17 Apr 2025 19:48:19 +0000 /insurance-authority/property/articles/2327069?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2327069 Auto insurers can't shake feds' "forced coverage" claims, the Suquamish Tribe asks the U.S. Supreme Court not to weigh in on its COVID-19 coverage case, saying its court has jurisdiction, IBM wants coverage for $900 million in environmental expenses and Consumer Watchdog sues California's insurance chief over proposed post-wildfire insurance surcharges. Thu, 17 Apr 2025 14:57:20 +0000 /insurance-authority/property/articles/2323524?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2323524 The general aviation and airline insurance industry remains steady despite supply-chain concerns and a rise in accident rates. Here, Philip Stafford, a senior partner in Gallagher's aerospace division, shares his thoughts on the current state of this sector with ¼«ËÙÈü³µ. Thu, 17 Apr 2025 11:21:46 +0000 /insurance-authority/property/articles/2326307?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2326307 Insurance regulators must strengthen their understanding of the threats posed by climate change and better consider how those risks will shape the stability of the sector, a group of international regulators said in a report. Wed, 16 Apr 2025 18:50:38 +0000 /insurance-authority/property/articles/2326497?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2326497 Oil and gas companies told a Texas federal court on Wednesday that their insurer must pay to defend them against pass-through claims in connection with underlying pollution lawsuits thanks to a purchase and sale agreement they entered into with another company. Wed, 16 Apr 2025 17:09:20 +0000 /insurance-authority/property/articles/2325313?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325313 A recent Alaska Supreme Court ruling that a total pollution exclusion in a homeowners policy didn't bar coverage for carbon monoxide poisoning shows that even when policy language appears unambiguous on its face, courts can still consider the reasonable expectations of an insured to determine applicability, say attorneys at Hunton. Wed, 16 Apr 2025 17:04:56 +0000 /insurance-authority/property/articles/2326219?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2326219 The Suquamish Tribe told the U.S. Supreme Court it shouldn't hear a group of insurers' bid to litigate COVID-19-related property insurance claims outside tribal court, arguing the Ninth Circuit correctly held that the insurers' coverage of tribal property sufficiently established tribal jurisdiction. Tue, 15 Apr 2025 20:21:00 +0000 /insurance-authority/property/articles/2325514?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325514 A Louisiana parish has again urged the Fifth Circuit to send its dispute over coverage for property damage caused by a pair of hurricanes back to district court, saying "everyone agrees" that the lower court made a procedural misstep that was subsequently wrongly appealed. Tue, 15 Apr 2025 20:03:28 +0000 /insurance-authority/property/articles/2325774?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325774 Public interest nonprofit Consumer Watchdog sued California's insurance chief in Los Angeles Superior Court on Monday to stop him from allowing insurance companies to offset hundreds of millions of dollars in assessment costs as surcharges onto policyholders, claiming the decision was made without any public input, in violation of the state's Administrative Procedure Act.  Tue, 15 Apr 2025 16:55:27 +0000 /insurance-authority/property/articles/2325641?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325641 Short seller Marc Cohodes, who was accused by a financial advisory firm of causing $5 million in reputational damage via libelous posts on X, cannot have coverage for the litigation, an insurer told a Montana federal court, noting that his homeowners policy excluded intentional wrongdoing. Mon, 14 Apr 2025 20:01:49 +0000 /insurance-authority/property/articles/2325089?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325089 Allianz SE subsidiary Fireman's Fund Insurance Co. on Friday asked a federal judge to strike down a $2.4 million storm damage appraisal in favor of an Augusta, Georgia, golf club that the insurer said goes far beyond what it agreed to cover. Mon, 14 Apr 2025 17:46:55 +0000 /insurance-authority/property/articles/2325037?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2325037 A jury may need to decide whether a Connecticut insurance agency was duty-bound to tell a couple that their homeowners policy was not renewed ahead of a ruinous fire, a justice of the state's Supreme Court signaled Monday. Mon, 14 Apr 2025 16:09:43 +0000 /insurance-authority/property/articles/2324597?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324597 A heating oil company urged the First Circuit to toss an appeal its insurers filed following a ruling that they must continue defending the company and several executives in a class action over alleged damage caused by oil containing elevated levels of biodiesel, saying the court doesn't currently have jurisdiction. Fri, 11 Apr 2025 18:45:03 +0000 /insurance-authority/property/articles/2324611?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324611 Insurers were allowed Friday to dismiss their case in Texas federal court against Team Industrial Services Inc. seeking to disclaim coverage for underlying suits filed against the company in connection with injuries from a 2021 explosion at a chemical plant. Fri, 11 Apr 2025 18:36:37 +0000 /insurance-authority/property/articles/2324499?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324499 Lloyd's London has sued Aramark to recoup a $5 million payout the insurer made on a policy held by a New Jersey university, alleging the facilities management company was responsible for water damage to one of the college's properties in Jersey City.  Fri, 11 Apr 2025 18:09:45 +0000 /insurance-authority/property/articles/2324472?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324472 A Second Circuit panel dismissed on Friday a mid-case appeal in a dispute over coverage for hundreds of asbestos-related lawsuits, saying that resolving certified questions, including whether an insurer must defend a suit that doesn't name its policyholder, won't substantially advance the litigation. Fri, 11 Apr 2025 17:10:10 +0000 /insurance-authority/property/articles/2324250?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324250 Ohio's law governing total loss insurance coverage does not necessarily mandate that insurers pay out the maximum policy limit, according to a new order from a Buckeye State federal judge granting a Liberty Mutual subsidiary a victory over claims brought by a woman seeking a larger payout for her burned property. Fri, 11 Apr 2025 17:07:38 +0000 /insurance-authority/property/articles/2324459?utm_source=rss&utm_medium=rss&utm_campaign=section /insurance-authority/property/articles/2324459 A retail outlet chain asked a North Carolina state court to find it had coverage for more than $50 million in pandemic losses, citing a recent state Supreme Court ruling holding that the insuring phrase "direct physical loss" included loss of property use due to COVID-19 public health orders.