News & Analysis as of September 21, 2024

Fraud › Commercial General Liability Policies

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Fraud is the making of false representations or engaging in deceptive behavior in order to unlawfully secure financial or personal gain.

How Companies Can Audit Insurance Policies to Determine PFAS Coverage

Foley & Lardner LLP on 10/17/2023

Companies operating in the food and beverage industry are dealing with PFAS-related issues on a daily basis. So far, twelve states have passed legislation regulating PFAS, and each of those twelve states explicitly targets...more

Sam Bankman-Fried Case Provides Lessons on Fraud and D&O Insurance

Womble Bond Dickinson on 10/6/2023

Sam Bankman-Fried’s criminal trial started this week; and on the same day, he sued one of his director & officer insurers. And a lot of people are asking, why? Is the timing a coincidence or on purpose? Shouldn’t he be...more

NJ Court Reaffirms Rule Against Coverage for Faulty Workmanship Claims and Finds Fraud Claims Inherently Intentional

White and Williams LLP on 8/12/2021

Awarding summary judgment to an insurer under both liability and directors & officers (D&O) coverage parts, a New Jersey trial court reaffirmed the principle that claims of defective workmanship without resulting “property...more

One of the Largest Member Clubs in Singapore Is Liquidated

Morgan Lewis on 7/28/2016

California Fitness’s closure has left many consumers who have purchased prepaid packages without any remedies. On 20 July, California Fitness, which was once fronted by action movie star Jackie Chan, announced that it...more

Insurance Recovery Law - March 2016

Manatt, Phelps & Phillips, LLP on 3/21/2016

High Times in the Insurance Industry: Colorado Federal Court Considers Coverage for Medical Marijuana Business - Why it matters: With legalized marijuana businesses booming, a new decision from a Colorado federal court...more

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