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Tag Archives: Insurance

ALPS rating under scrutiny (access required)

Hit by an increase in legal malpractice claims in the fallout from the economic downturn, ALPS has seen its company outlook downgraded from “Stable” to “Negative” by insurance rating agency AM Best. On the heels of that unfavorable report, ALPS ...

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Below-Limit Settlement Can Trigger Excess Policy (access required)

An Alexandria U.S. District Court dismisses defendant insurance carrier’s counterclaim against plaintiff business seeking a declaration that plaintiff’s excess insurance coverage has not been triggered because plaintiff has not exhausted its coverage with lower-tier insurance carriers, which did not pay ...

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Justice warns insurance case may paint courts ‘into a corner’

Insurance companies scored a win at the Supreme Court of Virginia with a coverage decision last month that could limit available insurance in some tort cases. Revisiting an earlier opinion hailed by insurers, the court stuck to its position denying ...

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‘Pollution Exclusion’ Applies to Formula Loss (access required)

In this suit for insurance coverage for a multi-million dollar loss of plaintiff’s infant formula due to infiltration of filter elements into the formula during the manufacturing process, the Virginia Supreme Court upholds judgment for the carriers because the policies’ ...

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Jury Verdict Triggers ‘In Fact’ Exclusion (access required)

An Alexandria U.S. District Court says a former president of a mortgage company, convicted of conspiracy and fraud, is not entitled to coverage under the company’s Directors, Officers and Private Company liability policy for defense of executive’s criminal prosecution. Defendant ...

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