Top Developments in Business Interruption – Coronavirus (COVID-19), Pollution Exclusion, Suit and Trigger of Coverage
In Colony Insurance Company v. Buckeye Fire Equipment Company, the insured was named a defendant in hundreds of underlying suits relating to its manufacture of fire equipment containing aqueous film-forming foam, a fire suppressant.
The New York Supreme Court, Appellate Division, Fourth Department, decided an appeal from a trial court’s 2018 summary judgment ruling on a number of coverage issues arising out of asbestos-related bodily injury claims against plaintiffs Carrier Corporation and Elliott Company.
After an insurance carrier denied a lawyer and her law firm’s claim for lost business income due to the COVID-19-related shutdown, she sued both her carrier and the insurance producer that procured the policy.
Insuring Against Climate Change:
How Traditional Insurers and Start-Up Companies are Implementing
Innovative Technologies to Address Climate Risks
Top Developments for September 2020