Ohio Court Finds $101M Lead Paint Abatement Order Covered by Lloyd’s Policy September 6, 2022 By Jim Sams A court order that requires Sherwin-Williams Co. to pay $101 million into a lead paint abatement fund amounts to “damages”...
Ascot, Marsh Insure Grain Ship from Ukraine’s Black Sea Ports August 23, 2022 By Noor Zainab Hussain Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain...
Lloyd’s Owes $3M in Prejudgment Interest for Late Payment of D&O Claim August 22, 2022 By Jim Sams Lloyd’s of London underwriters must pay more than $3 million in pre-judgment interest in addition to the $10 million the...
Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor July 29, 2022 By Carolyn Cohn LONDON — Lloyd’s of London insurer Ascot and broker Marsh MMC.N on Friday launched marine cargo and war insurance for...
Lloyd’s Insurers Preparing to Cover Ukraine Grain July 27, 2022 LONDON —Lloyd’s of London insurers and brokers are preparing to provide cover for grain shipments from Ukraine and are likely...
Florida Appeals Court Slashes $600,000 Attorney Fee on $52,000 Claim May 20, 2022 By William Rabb Florida may have one of the most generous attorney-fee mechanisms in the country, sometimes resulting in plaintiff’s fees that are...
Cyber Insurers Face Hefty Ukraine War-Related Claims, Despite Fine Print March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain LONDON –– Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording...
Lloyd’s of London Sees Major Claims this Year from Ukraine Conflict March 24, 2022 Lloyd’s of London faces major claims this year from the conflict in Ukraine, but this will not create solvency difficulties,...
Reinsurers Look at Dumping Coal From Bulk-Buy Policies in Green Gambit June 17, 2021 By Carolyn Cohn and Simon Jessop LONDON — Major reinsurers have already pulled back from providing bespoke cover for coal projects as part of efforts to...
Lloyd’s of London Sees ‘Large Loss’ Due to Suez Canal Blockage March 31, 2021 By Carolyn Cohn LONDON — The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s...