insurance coverage litigation News

FTX Founder Bankman-Fried Drops Excess D&O Coverage Spat With CNA Unit

Several days after he was found guilty of one of the biggest financial frauds on record, FTX founder Sam Bankman-Fried dropped an insurance coverage lawsuit against excess insurance company Continental Casualty Co. Shortly before his trial began in early October, …

Insurer Must Defend Firm Sued for Selling Facial Recognition Program to Police

An ambiguous coverage exclusion prevents a liability insurer from dodging the cost of defending a data broker that was sued after selling the Chicago Police Department access to a facial recognition database that reportedly contained 3 billion images extracted from …

Appeals Arguments Begin in Boy Scouts of America Bankruptcy

An attorney for some insurance companies that could be liable for child sexual abuse claims against the Boy Scouts of America urged a judge Thursday to reverse a bankruptcy plan for the organization, arguing collusion with claimants’ lawyers to pressure …

Comma-tose: Florida Coverage Case Hinged on Punctuation Question

Coverage disputes often hinge on the exact wording of an insurance policy. In a case in federal court in South Florida, the issue came down to not only the wording, but the punctuation – namely, a question about a single …