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New York court rules Utica First not liable in Nino & Nino wrongful death suit
The Supreme Court, Queens County, denied both motions. But the Appellate Division, Second Department, reversed the ruling in part, siding with Utica. The court held that a party must be named as an insured or additional insured on the face of the policy as of the date of the incident to be eligible for coverage….
NAIC backs FIO shutdown | Insurance Business America
Notably, before the Elon Musk-led Department of Government Efficiency (DOGE) officially took off, a coalition of nine state insurance commissioners from Alabama, Arkansas, Kansas, Louisiana, New Hampshire, North Carolina, Oklahoma, Tennessee, and West Virginia issued a joint letter to the agency urging the elimination of the FIO. Source link
NY appellate court sides with warehouse owner in insurance dispute
Lok-N-Logs, Inc., which owns a warehouse in the Village of Sherburne, Chenango County, filed a claim with Leatherstocking Cooperative Insurance Company after copper and brass were stolen from the building’s electrical and plumbing systems during a break-in in April 2020. Leatherstocking denied the claim, invoking policy exclusions that bar coverage for vandalism when a property…
White Mountains Insurance reports surge in GWP
WM Outrigger Re, another key insurance operation, reported a sharp increase in premiums, with gross written premiums rising to $38 million in the first quarter, up from $34 million in Q1 2024. However, its combined ratio was significantly higher at 166%, primarily due to losses related to the California wildfires. Source link
JPMorgan lines up massive refinancing for Trucordia – report
Trucordia’s recent refinancing efforts come on the heels of several strategic acquisitions in 2025, further solidifying its position in the insurance brokerage sector. In January, the company acquired the insurance business of CADA Insurance Services, expanding its presence in Louisiana with new offices in Baton Rouge, Chalmette, Gretna, and Kenner. CEO Felix Morgan expressed enthusiasm…
Tenth Circuit backs AdHealth in $40 million dispute over excess insurance coverage for hospital ster
The definition of “medical incident” under PorterCare’s policy included “any act or omission… which results in injury to a patient,” and crucially, stated that “all related acts or omissions… to any one person” would be considered a single incident. That wording, according to AdHealth, made it clear that each patient’s claim had to be treated…