All public pension plans need a well-crafted fiduciary liability insurance policy. This should include ample coverage, including protection against the risk of impending litigation. The recent ruling by the U.S. Court of...more
7/9/2021
/ Breach of Contract ,
Declaratory Relief ,
Denial of Insurance Coverage ,
Duty to Defend ,
Fiduciary Duty ,
Fiduciary Liability Insurance ,
Insurance Claims ,
Insurance Industry ,
Insurance Litigation ,
Pensions ,
Policy Exclusions ,
Public Pension ,
Retirement ,
Retirement Plan
A few weeks back, the Insurance Recovery report posted a blog about the difficulty obtaining insurance coverage for “fake president” fraud, which is also known as business e-mail compromise, or social engineering fraud. Two...more
8/3/2017
/ Computer Fraud Insurance ,
Corporate Counsel ,
Cyber Insurance ,
Cybersecurity ,
Data Breach ,
Denial of Insurance Coverage ,
Email ,
Insurance Industry ,
Phishing Scams ,
Policy Terms ,
Social Engineering ,
Wire Fraud
On Monday, the California Supreme Court revived a 2011 insurance regulation designed to protect homeowners from underinsurance because of the insurance company’s use of potentially misleading estimates for home replacement...more
1/30/2017
/ CA Supreme Court ,
Denial of Insurance Coverage ,
Homeowner's Insurance ,
Homeowners ,
Insurance Commissioners ,
Insurance Industry ,
Natural Disasters ,
Policy Limits ,
Property Damage ,
Regulatory Oversight ,
Replacement Costs ,
Wildfires
Can an excess carrier go ahead and fund an excess primary limits settlement and then assert a claim for bad faith against the primary insurer who previously refused to accept and fund a prior in-limits policy demand? On...more