Litigation

A Pennsylvania court ruled the burden of timely notice rests with the injured work, regardless of injury severity.

Insurers should watch for several factors that could be red flags for fraudulent claims: opportunity, incentive and rationalization.

The event will focus on helping insurers prevent, prepare and prevail when handling a range of complex claims.

A key issue raised had to do with whether damages were consequential or direct — something not well defined in Texas caselaw.

Allianz Global Risks US Insurance Co. argued the claims at issue do not meet the policy definition of 'securities claims.'

While less than 1% of cases end up in trial, the percentage of insurance claims that went into litigation rose 47% over a four-year period.

The case law on this topic is divergent, a trend that will likely continue with different courts applying different interpretations of insurance policies.

Although the judgment affects three insurers, only Lloyd's is required to pay for now. Baylor is appealing rulings involving the other companies.