As Texas and other Gulf coast areas make final storm preparations, now is a good time to gather insurance information and policies. Hunton & Williams insurance attorneys, Michael Levine and Andrea DeField provide important information in this linked Client Alert concerning insurance issues that are likely to arise in the storm’s wake, including potentially applicable
Andrea DeField
Hunton Insurance Lawyers Michael Levine and Andi DeField Discuss Insuring Emerging 3D Printing and Sharing Economies
Technological advances like 3D printing and “sharing platforms” have increased business risk and, simultaneously, opportunities for risk-shifting between stakeholders. For example, 3D printing has exposed manufacturers to new risks associated with professional, product, IP and workplace liabilities, and the sharing economy (e.g., ride-sharing, home-sharing, car-sharing, etc.) has complicated traditional risk-sharing structures and insurance portfolios. Attorneys…
Hunton Insurance Lawyers Analyze How Second Circuit’s Recent Opinion Regarding Employer’s Liability Exclusion Impacts Hospitality Industry Insureds
Liability insurance policies generally have an exclusion barring coverage for claims brought by the insured’s own employees. Many times, especially in the hospitality industry, a liability insurance policy provides coverage for various different companies. A common question is whether claims brought by an employee of one insured against another insured are covered under such a policy.
Continue Reading Hunton Insurance Lawyers Analyze How Second Circuit’s Recent Opinion Regarding Employer’s Liability Exclusion Impacts Hospitality Industry Insureds
Examining the Restatement of the Law, Liability Insurance
In 2015 and 2016, we discussed certain provisions of the then drafts of the Restatement of the Law, Liability insurance, including the Duty to Cooperate, here, and Duty to Defend, here and here. In late May 2017, the American Law Institute met to approve the Proposed Final Draft—the culmination of over seven years…
Fear of the Unknown [Cause of Contamination]: Whether an Unknown Cause of Loss Constitutes an “Occurrence”
Commercial general liability policies typically provide coverage to insureds for losses resulting from property damage caused by an “occurrence,” usually defined in the policy as “an accident, including continuous or repeated exposure to substantially the same harmful conditions.” In the context of food recalls, however, the exact cause of the food damage, whether contamination, spoilage…
Ensuring Equity In Private Equity Insurance Coverage: Hunton Attorneys Address Top 5 Coverage Issues For Private Equity Investors
Private equity investors face unique challenges when procuring or renewing their liability insurance programs. For example, investors typically must complete lengthy applications or sign warranty and representation letters from their prospective insurers that inquire into knowledge by any potential insured as to any acts or omissions that could potentially give rise to a claim. These…
Hunton Insurance Lawyers Comment on Recent Recall Decisions
Hunton & Williams’ Insurance Coverage lawyers Syed Ahmad, Andrea DeField and Jennifer White were featured in the Firm’s Recall Roundup, where they discuss recent noteworthy decisions on insurance coverage for product recalls:
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New York Trial Court’s TKO Of Bear Stearns’ Insurers After Lengthy Coverage War
Bear Stearns’ insurers were recently dealt a fatal blow, when the trial court granted Bear Stearns’ motion for summary judgment and denied all insurers’ motions (and defenses). See J.P. Morgan Sec. Inc. v. Vigilant Ins. Co., 2017 N.Y. Slip Op. 27127, 11 (N.Y. Sup. Ct. 2017). The court found that the documentary and testamentary evidence presented by Bear Sterns overwhelmingly demonstrated that Bear Stearns’ misconduct profited their customers instead of resulting in Bear Stearns’ own “ill-gotten gains.” The court also found the settlement amounts reached by Bear Stearns in the SEC action and the private civil suits to be reasonable.
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Join Hunton’s Insurance Team at RIMS 2017
The RIMS 2017 Annual Conference & Exhibition is just around the corner. Visit members of Hunton & Williams LLP’s Insurance Coverage Team at Booth #2421 to learn more about our legal services.
Insurance Coverage for Frozen Food Recall Tops Off Hunton’s “Recall Roundup” for February
Attorneys Syed Ahmad and Jennifer White contributed to the Hunton Retail Law Resource’s “Recall Roundup” for the month of February with a discussion of Starr Surplus Lines Insurance Company’s suit against CRF Frozen Foods, LLC. Starr seeks to rescind the a product contamination policy based on allegations that, during the insurance application process, CRF failed to disclose “violations” identified by Washington State and federal inspectors which, Starr claims, were likely to give rise to CRF’s 2016 recall of frozen vegetables. See Starr Surplus Lines Ins. Co. v. CRF Frozen Foods, LLC, No. 1:17-cv-01030 (S.D.N.Y. Feb. 10, 2017). Starr’s suit comes on the heels of its success before the Third Circuit earlier this year, when the court affirmed Starr’s rescission of the accidental contamination policy issued to Heinz. Read more about the case.
Continue Reading Insurance Coverage for Frozen Food Recall Tops Off Hunton’s “Recall Roundup” for February