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Exhaustion of Primary Policy Triggers Excess Coverage

    The Ninth Circuit affirmed the district court's ruling that the excess policy was triggered by settlements exhausting the primary policy.  Westport Ins. Corp. v. California Cas. Management Company , 2019 U.S. App. LEXIS 4889 (9th Cir. Feb. 20, 2019).      Doe 1, Doe 2 and Doe 3 filed suit against the insured, Moraga School District, and three of its administrators for alleged sexual abuse by a teacher. The District was insured under primary general liability policies from 1991 through 1997. ...
Tags: Insurance, DOE, Westport, District, Ninth Circuit, Tred Eyerly, Excess Coverage, Allocation, Damon Key, Mark Murakami, Association of California School Administrators, California Casualty, Westport Ins Corp, California Cas Management Company, Moraga School District, Westport Westport

Cross Motions on Coverage for Collapse Denied

   Cross-motions for summary judgment designed to determine coverage for the Church’s collapse claim were denied. Bethel Missionary Baptist Church v. S. Must. Church Ins. Co., 2019 U. S. Dust. LEXIS 24705 (W. D. N. C. Feb. 15, 2019).     The Church sought summary judgment on its claim for bad faith, arguing that the insurer denied the claim without knowing North Xarolina law on court concurrent causation or partial collapse. The Church claimed that the insurer denied the claim without following ...
Tags: Church, Insurance, Tred Eyerly, CHRCH, Bethel Missionary Baptist Church, S Must Church Ins, North Xarolina

Liability Cap Does Not Exclude Defense Costs for Loss Related to Deep Water Horizon

    The Texas Supreme Court found that Lloyd's endorsement imposing a cap on liability for a joint venture did not exclude coverage for defense costs.  Anadarko Petroleum Corp. v. Houston Cas. Co. et al. , 2019 Texas LEXIS 53 (Texas Jan. 25 2019j.     Pursuant to a joint venture agreement, Anadarko held a 25% ownership interest in the Macondo Well in the Gulf of Mexico. When the well blew out, numerous third parties filed claims against BP entities and Anadarko. Many of the claims were consolida...
Tags: Texas, Insurance, Bp, Deepwater Horizon, Gulf of Mexico, Gulf Oil Spill, Joint Venture, Lloyd, Anadarko, Texas Supreme Court, Anadarko Petroleum Corp, Duty to Defend, Tred Eyerly, Excess Coverage, Houston Cas Co, Macondo Well

Liabililty Cap Does Not Exclude Defense Costs for Loss Related to Deep Water Horizen

    The Texas Supreme Court found that Lloyd's endorsement imposing a cap on liability for a joint venture did not exclude coverage for defense costs.  Anadarko Petroleum Corp. v. Houston Cas. Co. et al. , 2019 Texas LEXIS 53 (Texas Jan. 25 2019j.     Pursuant to a joint venture agreement, Anadarko held a 25% ownership interest in the Macondo Well in the Gulf of Mexico. When the well blew out, numerous third parties filed claims against BP entities and Anadarko. Many of the claims were consolida...
Tags: Texas, Insurance, Bp, Deepwater Horizon, Gulf of Mexico, Gulf Oil Spill, Joint Venture, Lloyd, Anadarko, Texas Supreme Court, Anadarko Petroleum Corp, Duty to Defend, Tred Eyerly, Excess Coverage, Houston Cas Co, Macondo Well

CesiumAstro, MAP Health, StoryFit, Hatch Pitch & More Texas Tech

[ Updated 3/14/19, 1:53 pm CT. See below. ]  Another South By Southwest festival comes to a close in Austin. Let’s catch up with the highlights from the tech portion this year and other innovation news in Texas.—CesiumAstro, an Austin-based maker of antennas and communications systems for satellites, said it has raised $12.4 million in a Series A funding round. Airbus Ventures, the venture arm of plane-maker Airbus, led the round, according to a press release. Other investors were Kleiner Pe...
Tags: Apps, Publishing, Texas, Entertainment, China, Cancer, Funding, Los Angeles, Trends, Startup, Insurance, Tech, Investment, People, Vc, Artificial Intelligence

Consequential Damage Claims for Insurer's Bad Faith Dismissed

    Partial dismissal of the insured's complaint seeking consequential damages for the insurer's bad faith was granted by the court.  Bryant v. General Cas. Co. , 2019 U.S. Dist. LEXIS 15369 (N.D. N.Y. Jan. 30, 2019).     Bryant purchased from General Casualty Company of Wisconsin (GCCW) a commercial property and casualty policy to cover the insured premises. While the building was rented to a tenant who operated a restaurant, it sustained a collapse. GCCW refused to cover the loss. Bryant sued....
Tags: Insurance, Collapse, Bryant, Tred Eyerly, Bad Faith, General Cas Co, General Casualty Company of Wisconsin GCCW, GCCW

Acko, a digital insurance provider in India, raises another $65M at a $300M valuation

Acko — a startup out of India that has taken on the country’s antiquated insurance industry with a digital-first product for drivers and others in transportation-related scenarios (for example, cancelled ticket insurance) — has raised more funding as it passes 20 million customers on its books. The company has closed a Series C of $65 million from a list of investors that includes not just the co-founder and former CEO of Flipkart, but also its arch-rival, Amazon — speaking to the opportunity in...
Tags: Amazon, TC, Transportation, Ecommerce, Asia, India, Insurance, Tech, Canada, Flipkart, Binny Bansal, Amazon Amazon, Varun, Bansal, Acko, Dua

Sorting Insurers' Obligations in Light of Competing Other Insurance Provisions

    The court determined that the non-participating insurer must reimburse the insurer who defended.  Steadfast Ins. Co. v. Greenwich Ins. Co. , 2019 Wisc. LEXIS 9 (Wis. Jan. 25, 2019).      Historic rains hit Milwaukee in June 2008, overwhelming the Milwaukee Metropolitan Sewage District's (MMSD) sewage system. Raw sewage backed up into 8,000 homes. Lawsuits were filed against MMSD and two companies who MMSD contracted with the operate and maintain the sewage system, Veolia Water Milwaukee ...
Tags: Milwaukee, Insurance, Greenwich, Veolia, Wisconsin Supreme Court, MMSD, United Water, Comprehensive General Liability, Tred Eyerly, Attorneys' Fees, Other Insurance, Steadfast, Subrogation, Steadfast Ins Co, Greenwich Ins Co, Milwaukee Metropolitan Sewage District

HealthJoy raises $12.5M Series B to help employees make the most of their healthcare benefits

Healthcare in the United States is so complicated that even employees with good benefits might have a hard time navigating their options. HealthJoy wants to help with a health benefits platform that uses AI to answer questions. The Chicago-based startup announced today that it has raised $12.5 million in Series B funding led by U.S. Venture Partners, with participation from Epic Ventures and returning investors Chicago Ventures, Sidekick Ventures and its co-founders. This brings HealthJoy’s t...
Tags: Fundings & Exits, Startups, TC, Insurance, Tech, Benefits, Chicago, United States, Healthcare, Holland, Rakuten, Health Benefits, Epic Ventures, AVG Technologies, U S Venture Partners, Jonathan Root

Meanwhile: Powerful Floods Are Wrecking Businesses. Including Mine.

Many local companies, including our historic movie theater, are facing recovery with no flood insurance.
Tags: News, Small Business, California, Insurance, Global Warming, Floods

Cybersecurity Insurance Not Paying for NotPetya Losses

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S. and other governments labeled the NotPetya attack as an action by the Russian military their claim was excluded under the "hostile or warlike action in time of peace or war" exemption. I get that $100 million is real money, but the insurance industry needs to figure out h...
Tags: Russia, Insurance, War, Malware, Cybersecurity, Ransomware, Hacking, Bruce Schneier, Mondelez, Zurich American Insurance Company

Boston Tech Watch: .406, Circle, Haven, Shift, LinkSquares & More

The Amazon, Berkshire Hathaway, and JPMorgan-led healthcare moonshot has a name. The venture capital dollars continued to roll in for A.I. startups. The Akamai-Janrain deal was pegged at $125 million. And a local VC firm is reloading for a new fund. Read on for more of this week’s Boston technology and innovation news.—Shift Technology, a fraud detection technology startup serving the insurance industry, raised $60 million in a new Series C funding round led by Bessemer Venture Partners. Previo...
Tags: Amazon, Startups, Boston, Trends, Insurance, Tech, Cybersecurity, Fraud, Mit, Harvard, Unemployment, Paris, Fundraising, Cambridge, Deal, Carbonite

Name in the news: Haven

A nonprofit company founded in January 2018 by three billionaire business titans – Warren Buffett (Berkshire Hathaway), Jeff Bezos (Amazon), and Jamie Dimon (JPMorgan Chase) – and headed by a non-billionaire-but-not-doing-badly-at-all celebrity doctor, Atul Gawande, yesterday announced its name: Haven. Connecting the dots?   Haven is being called a healthcare venture, but it’s not a care provider. It’s neither a hospital nor a clinic. Nor is it an insurance company. For now, it will be...
Tags: UK, New York, Medicine, Boston, Insurance, Linguistics, Nashville, Copenhagen, Atul Gawande, Los Angeles County California, Gawande, Naming, Nancy Friedman, København, Slogans and Taglines, Names in the News

5 Ways to Claim Life Insurance After a Death

A life insurance policy is paid off by an insurer to the beneficiaries after the sudden death of a policyholder. The insurer can pay the proceeds from the policy in lump sums or installments. The benefits are paid off after the verification of the documents presented. The insurer reviews the policy and authenticates the beneficiaries’ documents and proof of death availed before any payout is made. There are many ways to claim payments for a life insurance policy. You can use any of the options ...
Tags: Marketing, Insurance, Ways to Claim Life Insurance

Business Risk Exclusions (j) 5 and (j) 6 Found Ambiguous

    Reversing the district court's grant of summary judgment in favor of the insurer, the Tenth Circuit found that exclusions (j) 5 and (j) 6 were ambiguous as applied to the facts of the case.  MTI, Inc. v. Emplrs. Ins. Co. , 2019 U.S. App. LEXIS 2543 (10th Cir. Jan. 25, 2019).     Western Farmers Electrical Cooperative (WFEC) owned cooling towers which were serviced by MTI, Inc. Wausau provided a CGL policy to MTI.      in 2011, MTI found that anchor bolts in Cooling Tower 1 were corroded. WFE...
Tags: Insurance, MTI, Wausau, Tenth Circuit, Comprehensive General Liability, Tred Eyerly, Business Risk Exclusions, MTI Inc, Emplrs Ins, Western Farmers Electrical Cooperative WFEC, MTI Inc Wausau, WFEC

LIC Recruitment 2019 - Assistant Administrative Officer 590 Vacancy

Recruitment of Assistant Administrative Officer in LIC Online Applications are invited from Indian Citizens for the following 590 Government Job Vacancy  posts of Assistant Administrative Officer (AAO) (Generalist/ IT/ Chartered Accountant/ Actuarial/ Rajbhasha) in Life Insurance Corporation of India (LIC). Vacancies Assistant Administrative Officer (AAO) : 590 posts (UR-237,... Please Click on the Title to Read Full Details. [Author: [email protected] (SarkariNaukriBlog com)]
Tags: Jobs, Insurance, Online, Officer, Administrative, LIC, MCA, CA-ICWA-Finance, Hindi, Public-Sector, Specialist, Rajbhasha, Generalist, IT(Computer, HotJob, Actuarial

NYT: New York Insurance Regulators Subpoena Trump Org’s Broker

On the heels of Michael Cohen’s congressional testimony alleging that the Trump Organization mischaracterized asset values in its representations to insurance companies, the Trump Organization’s insurance broker received an expansive subpoena Monday from New York state insurance regulators, the New York Times reported. The regulator, the Department of Financial Services, conducts civil investigations and does not have the authority to conduct criminal investigations, according to the Times. H...
Tags: New York, News, Insurance, New York Times, Times, Donald Trump, Tierney Sneed, Michael Cohen, Aon, Department of Financial Services, Trump Organization, Subpoena, Trump Org, Muckraker, New York Insurance Regulators Subpoena Trump Org

Eargo raises $52M for virtually invisible, rechargeable hearing aids

Eargo wants to become the ultimate consumer hearing brand. The company’s small and virtually invisible direct-to-consumer hearing aids, which come in an AirPods-style chargeable case, are designed to help destigmatize hearing loss. One month after revealing its newest product — the Eargo Neo ($2,550), which can be customized remotely via the case’s Bluetooth connectivity — the startup has closed a $52 million Series D, bringing its total raised to date to $135 million. The latest round of ...
Tags: Health, Startups, Bluetooth, Australia, Insurance, Chief executive officer, Tech, Venture Capital, Medicare, Charles, Hearing, Hearing Loss, Nea, Medicare Advantage, Maveron, Eargo

What to Do When You've Witnessed a Hit-and-Run Accident

You’re on a sidewalk, and suddenly, a driver in a Tesla hits a parked car. The car smashes the other’s side-view mirror, leaving shards in its wake. Before you have time to process what’s happened, the driver speeds off. Come back here, you filthy rascal! You won’t last long with your electric charge! Read more...
Tags: Car Insurance, Insurance, Accident, Lifehacks, Car Accident, Hit And Run

ESIC Recruitment 2019 - UDC and Stenographer Vacancy

Recruitment of Stenographers and Clerk Vacancy in ESIC Employees’ State Insurance Corporation (ESIC) is a statutory body constituted under an Act of Parliament (ESI Act, 1948) and works under the administrative control of Ministry of Labour and Employment, Government of India. Online Applications  are invited for filling up the following  sarkari naukri vacancy posts of Upper... Please Click on the Title to Read Full Details. [Author: [email protected] (SarkariNaukriBlog com)]
Tags: Jobs, Insurance, Online, Clerk, UDC, ESIC, Stenographer Vacancy, HotJob, ESIC Employees ' State Insurance Corporation ESIC, ESIC Recruitment

Jupiter raises $23 million to tell businesses and governments how climate change will destroy them

Whether it’s by flood, fire, or the fury of a storm, climate-related catastrophes are now impacting most cities and towns across the country. As these natural disasters increase in frequency and severity, cities and the businesses that reside in them are mobilizing to understand how best to prepare for the climatological challenges they’re going to face — and increasingly they’re turning to companies like Jupiter Intelligence for information. From offices in San Mateo, Calif., Boulder, Colo., an...
Tags: Google, TC, Real Estate, New York, London, Colorado, California, Singapore, New York City, Insurance, Tech, New Jersey, President, Virtual Reality, Miami, Hacker

Insured's Complaint for Breach of Contract and Bad Faith Adequately Pleads Consequential Damages

    The appellate court overturned the trial court's dismissal of the insured's complaint seeking consequential damages.  D.K. Prop. Inc. v. Nat'l Union Fire Ins. Co. of Pittsburgh v, Pa. , 2019 N.Y. App. Div. LEXIS 329 (N.Y. App. Div. Jan. 17, 2019).      The insured's building began to shift and exhibit structural damage, including cracks, after construction began in an adjoining building. The insured submitted a claim under its commercial insurance policy. The insurer did not pay the claim, n...
Tags: Insurance, Tred Eyerly, First Party Insurance, D K Prop Inc, Nat l Union Fire Ins Co of Pittsburgh

Coverage for Climate Change

Presentation at ABA’s Insurance Coverage Litigation Seminar on coverage for climate change in Tucson this morning. My co-panelists were Rina Carmel and Karin Aldama  it was our fifth year of presenting together. [Author: Tred Eyerly]
Tags: Climate Change, Insurance, Aba, Tucson, Tred Eyerly, Karin Aldama, Rina Carmel

Finding of No Coverage Overturned Due to Lack of Actual Policy

    The Appellate Division overturned a verdict for the insurer when the actual policy was never introduced at trial.  Pennsylvania Lumbermens  Mut. Ins. Co. v. B&F Land Dev. Corp. , 2019 N.Y. App. Div. LEXIS 264 (N.Y. App. Div. Jan 16, 2018).      The decedent was killed when he fell through a skylight while working on a premises owned by B&F Land Development Corporation. The estate sued B&F for wrongful death.     B&F tendered to its carrier, Pennsylvania Lumbermens Mutual (PLM). PLM issued a ...
Tags: Insurance, PLM, Appellate Division, Santoro, Comprehensive General Liability, Tred Eyerly, Pennsylvania Lumbermens Mut Ins Co, Pennsylvania Lumbermens Mutual PLM PLM, Francis Santoro

SXSW Startups: Sherpa

Sherpa founder Chris Kaye The Forrest Four-Cast: February 25, 2019 Fifty diverse startups will aim to impress a panel of judges and a live audience with their skills, creativity and innovation at SXSW Pitch Presented by Cyndx. Winners in 10 categories will be announced at the Pitch Award Ceremony at 6:30 pm Sunday, March 10, at the Hilton Austin.A finalist in Artificial Intelligence, which pitches at 11 am Sunday, March 10, the London-based Sherpa is a personal insurance solution for the worl...
Tags: Startups, Europe, London, Entrepreneurship, Berlin, Startup, Insurance, Mit, Amsterdam, David Attenborough, Fintech, Brexit, Sxsw, Aristotle, Self-employed, Ernest Shackleton

Suit Limitation Provision Upheld

    The policy's one year suit limitation provision was upheld, depriving insureds of benefits under the policy.  Oswald v. South Central Mut. Ins. Co. , 2018 Minn. App. Unpub. LEXIS 1077 (Dec. 24, 2018).      The Oswalds' hog barn burned down on June 21, 2016. Arson was a possible cause.      The Oswalds were insured under a combination policy issued by North Star Mutual Insurance Company and South Central Mutual Insurance Company. Central provided coverage for basic perils, broad perils, and l...
Tags: Insurance, North Star, Equitable, Oswald, Tred Eyerly, First Party Insurance, South Central Mut Ins Co, Oswalds

Brexit: what happens the next day if there is no deal?

If the UK leaves the EU without a deal, what will be the immediate impact on your finances, rights and travel plans?In a sentence You’ll have to request a green card from your insurer if driving to Europe after 29 March Continue reading...
Tags: Europe, Politics, UK, Money, Investments, Insurance, Eu, European Union, UK News, Consumer affairs, Banks and building societies, Foreign Policy, Health Insurance, Pensions, Motoring, Travel Insurance

"What trips up Kamala Harris is an evident desire to please her audience. She wants no enemies to her left, no identity politics left untouched."

"She can't run as a prosecutor—crime fighting is so 1990s—but she can run as brash, bold, and woke. Her verbal miscues are possible evidence that this latest political fashion doesn't quite fit," writes Matthew Continetti at Free Beacon.He describes 3 recent incidents. One is something we discussed a few days ago, here, her inability to handle a predictable question about Jussie Smollett. Another, as Continetti sees it, was that on her televised town hall, she didn't seem ready to handle questio...
Tags: Law, Marijuana, Insurance, Jamaica, Kamala Harris, Jussie Smollett, Matthew Continetti, Ann Althouse, Continetti, Jussie Smollett Another as Continetti

Aim for This Emergency Fund Goal 

When it comes to following standard financial advice, how many of us can say we actually have three to six months worth of living expenses saved in an emergency fund?Read more...
Tags: Health, Personal Finance, Money, Savings, Insurance, Health Insurance, Emergency, Lifehacks, Emergency Fund

Living With Cancer: The Financial Toxicity of Illness

While medicine transforms cancer into a chronic disease with which patients can live for an extended period of time, financial toxicity threatens to turn chronic, too.
Tags: News, Cancer, Insurance, Bankruptcies, Health Insurance and Managed Care, Drugs (Pharmaceuticals