Factory Mutual Insurance Co. News

Texas Health System Loses COVID-19 Business Interruption Suit – 5th Circuit

A Texas nonprofit health system who purchased a specialized commercial property insurance policy is not covered for business interruption losses caused by COVID-19, a 5th Circuit Court of Appeals panel ruled, relying on existing precedent that COVID-19 does not physically …

Federal Appeals Court Upholds Denial of ITT’s Covid-19 Insurance Claims

Global corporation ITT has again been denied coverage under its “all-risk” policy for business costs and losses it sustained due to Covid-19. The Second Circuit Court of Appeals has affirmed a ruling by the federal district court for Connecticut that …

Insurer FM Global Upheld in Firing of Longtime Executive Who Claimed Age Bias, Retaliation

Rhode Island-based Factory Mutual Insurance Co. properly handled the firing of a long-time employee who claimed his axing in 2018 was due to age discrimination and retaliation for his complaints about the company taking no actions against another employee accused …

NHL Stymied by Judge in Its Pursuit of Billions From Insurer for COVID Damages

The National Hockey League can pursue a lawsuit against its insurance provider over losses stemming from the COVID pandemic — but not for the billions of the dollars in damages the league’s 19 clubs sought. California Superior Court Judge Sunil …

Mohegan Sun Casino Dealt a Loss on COVID-19 Insurance Claim

A Connecticut casino and resort operator has lost its bid to obtain insurance reimbursement for business losses due to the COVID-19 virus. Factory Mutual Insurance Co. (FMI) has succeeded in having the resort’s COVID-19 suit against it dismissed. The Mohegan …

Connecticut Casinos Sue Insurer Over COVID-19 Losses

The Native American tribe that owns Connecticut’s Mohegan Sun casino is suing its insurance carrier over what it says was the denial of claims for millions of dollars in losses caused by the COVID-19 pandemic. The Day in New London …

Carrier Can’t Subrogate Against Students Who Caused Dartmouth Dormitory Fire

An insurer that paid $4.5 million to Dartmouth College to restore a dormitory that was damaged by fire can’t seek recovery from two students whose negligence started the blaze, the New Hampshire Supreme Court decided. The high court ruled 3-0 …