In a landmark decision in February 2024, the Supreme Court clarified the enforceability of choice-of-law clauses in marine insurance contracts under federal maritime law. The unanimous 9-0 decision in Great Lakes Insurance SE v. Raiders Retreat Realty Co., LLC, authored by Justice Brett Kavanaugh,
The recent decision by the United States District Court for the Southern District of Texas in Hudson Excess Ins. Co. v. Filipp Oilfield Services LLC et al. has provided significant insights into the insurer's duty to defend its insured in a lawsuit involving bodily injury. The case, decided on
The Diocese of Rockville Centre is navigating a complex legal landscape as it seeks to resolve numerous Child Victims Act lawsuits through Chapter 11 bankruptcy. The primary objective is to protect the Diocese, its 136 parishes, and schools while ensuring equitable compensation for the victims and
The recent wildfires that have ravaged parts of Los Angeles have left behind a trail of destruction, affecting thousands of homes and businesses and causing unprecedented financial losses. As the flames continue to burn, the urgency for both businesses and homeowners to prepare and file insurance
The appraisal process in Minnesota has long been a cornerstone in resolving disputes over the value of insured property losses, focusing primarily on determining the cause of damage and the cost of repairs while leaving coverage issues to the courts. Recent judicial shifts have spurred a crucial
The Prudential Regulation Authority (PRA) has recently issued a significant Dear CEO Letter, outlining its expectations for UK insurers by the year 2025. This letter places a substantial emphasis on the Bulk Purchase Annuity (BPA) market, which has been experiencing unprecedented growth and
