breach of contract News

Mass. Finds Virus Caused No Physical Loss, the 1st State High Court to Rule

The Massachusetts Supreme Judicial Court, in the first state high court ruling on the question, has sided with an insurer and an insurance agency in finding that the COVID-19 losses claimed by three restaurants were not “direct physical loss of …

Fla. Appeals Court Finds Insurer Not Prejudiced by 5-Month Wait on Claim Info

A week after a federal court found that waiting two years to file a property claim is too long, a state court reached a different conclusion: Failing to timely file supporting documents on a claim does not necessarily harm the …

Ex-House Speaker Settles Child Sexual Abuse Payments Suit

YORKVILLE, Ill. (AP) — Former U.S. House Speaker Dennis Hastert and a man who accused him of child sexual abuse reached a tentative out-of-court settlement Wednesday over Hastert’s refusal to pay the man $1.8 million — the outstanding balance in …

‘Mission: Impossible’ Producer Sues Insurance Company Over COVID Shutdowns

LOS ANGELES — Production on the new “Mission: Impossible” movie was shut down seven times due to the coronavirus pandemic, according to a lawsuit filed on Monday that accuses the film’s insurance company of failing to pay out for all …

Viewpoint — Another COVID-19 Worry: What is My Deadline to File Suit?

When the scope of the COVID-19 pandemic became apparent in March 2020, an avalanche of articles appeared in which many insurers took the position that there was no coverage for losses associated with the SARS-CoV-2 virus due either to a …

6th Circuit Affirms Class Action Suit to Collect Underpayments by State Farm

A federal appellate court has cleared the way for a class-action lawsuit to proceed against State Farm Fire and Casualty Insurance Co. that may force the insurer to correct underpayments paid to some 65,000 policyholders. A 6th Circuit Court of …

Whisper Users Sue Over Exposure of Almost 900 Million Records

The maker of an app that allows people to anonymously post everything from family secrets to stories of infidelity was sued for exposing almost 900 million user records on the internet. Three women — who said they started using the …

Owner’s Latest Claim for Damaged Yacht Hits Shoal in Federal Appellate Court

James Shackleford paid $120,000 for a 65-foot sailboat in 2009, hoping to fix up the vessel and one day sail around the globe. That voyage never happened. Instead, the yacht that Shackleford christened Sea the World was struck by lightning. …

Texas Supreme Court Clarifies Bad Faith in Appraisal Process

An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act, a split Texas Supreme Court …

Hotel Owner Sues Insurance Company After Vegas Mass Shooting

LAS VEGAS — More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed …