In a closely watched insurance dispute, a New York appellate court ruled on April 29, 2025, that Colony Insurance Company must defend and cover Sandy Clarkson LLC, a property owner, in a personal injury lawsuit stemming from a construction site accident – even though Sandy Clarkson had no direct contract with the subcontractor insured by Colony.
President Donald Trump’s pro-business stance and “America First” philosophy could make US firms more profitable, which could positively impact valuations, according to at least one specialist. At the same time, however, economic uncertainty, driven by Trump’s tariffs and trade policies, could dampen M&A as investors take a wait-and-see approach. Source link
The proposal was submitted by Green Century Capital Management Inc., on behalf of the Green Century Equity Fund. The group argued that many of Chubb’s industry peers, including Travelers, American International Group, and Hartford, have gone “beyond their legal disclosure obligations” to provide a more complete picture of their financed and insured emissions. Source link
On appeal, Universal also challenged the homeowners’ procedural handling of the waiver issue, arguing they failed to properly plead it. The Fourth District agreed, holding that waiver must be explicitly raised in response to an insurer’s affirmative defenses. The Yagers, it found, did not do so until five months after Universal’s answer, and even then,…
“Driven by increased insurer competition and favorable reinsurance pricing, global commercial insurance trends continued to improve for our clients in the first quarter,” said John Donnelly, president of global placement at Marsh. “We expect the overall trend to continue, and for insurer competition to intensify, barring unforeseen changes in conditions.” Source link
“The new tariffs announced this week, which will impact imported vehicles and auto parts, are expected to inflate the cost of new cars, repairs and used car values due to tight profit margins for manufacturers and the interconnected global supply chain,” Friedlander said. “This could generate higher premiums for home insurance and business insurance, in…
Road trips are a timeless way to explore new places, spend quality time with loved ones, and create lasting memories. But before hitting the open road, it’s important to make sure you’re prepared for anything that might come your way. From pre-trip vehicle checks to understanding your insurance coverage, a little planning goes a long…
