Insurance Law

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Farmers Insurance Withdraws Class Action Alleging Failure to Adapt to Climate Change
Posted on 26 Jun 2014 by Columbia Law - Sabin Center for Climate Change Law

On June 3, 2013, a group of lawsuits that generated significant interest among environmental lawyers were abruptly withdrawn .[1] The cases notably alleged a novel theory of liability and duty of care regarding climate change projections. In Illinois... Read More

Agencies Issue Statement on Increased Maximum Flood Insurance Coverage for Other Residential Buildings
Posted on 26 Jun 2014 by LexisNexis Insurance Law Newsroom Staff

The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Farm Credit Administration, the National Credit Union Administration, and the Federal Deposit Insurance Corporation (collectively, the Agencies),... Read More

McCarter and English LLP on the Virginia Court’s Narrow Reading of “Proximate Cause” Allegations in a Complaint Is Contradicted by a California Court’s Reading of the Same Complaint
Posted on 6 Aug 2012 by Adam Budesheim

By Adam J. Budesheim, Associate, McCarter & English, LLP In AES Corp. v. Steadfast Insurance Co. , 725 S.E.2d 532 (Va. 2012), the Supreme Court of Virginia became the first ultimate appellate court to rule on whether general liability policies... Read More

Ceres and a Series of Serious Thoughts about the NAIC Climate Disclosures - Part I
Posted on 18 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English Ceres released last month the first analysis of the insurer climate change disclosures submitted to state regulators pursuant to the National Association of Insurance Commissioners rule. The report... Read More

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part II
Posted on 20 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English We wrote yesterday to introduce Ceres' report on the disclosure of climate risks by insurers and considered its first Recommendation to Regulators concerning mandatory and public disclosures... Read More

Legal Tools for Climate Adaptation Advocacy: Flood Insurance
Posted on 17 Sep 2015 by Columbia Law - Sabin Center for Climate Change Law

Flooding is the most common and costly form of nature’s wrath, and its costs are likely to rise as the climate changes and sea levels rise. The federal government has attempted to address flooding through an insurance program aimed at effectively... Read More

California Insurance Commissioner Applauds Ceres for Insurer Climate Change Survey Report
Posted on 21 Mar 2013 by LexisNexis Insurance Law Newsroom Staff

California Insurance Commissioner Dave Jones has applauded Ceres for releasing its report, Insurer Climate Risk Disclosure Survey: 2012 Findings & Recommendations, which analyzes responses to the Climate Risk Disclosure Survey administered by California... Read More

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part III
Posted on 21 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English This is the last of three parts concerning Ceres' recently released Climate Risk Disclosures by Insurers: Evaluating Insurer Responses to the NAIC Climate Disclosure Survey . We already have... Read More

Reaction to the Recent Climate Change Insurance Coverage Decision by the Virginia Supreme Court
Posted on 26 Sep 2011 by John G. Nevius

By John G. Nevius, Esq., P.E. The September 16 decision in Virginia allowing a subsidiary of Zurich to avoid its duty to defend a climate-change related claim is ironic. On the one hand, anthropogenic links to climate change are the subject of considerable... Read More

Climate Change: A New Era of Old Challenges for the Insurance Industry
Posted on 23 Sep 2013 by Goldberg, Segalla LLP

By James J. Wrynn and Patrick B. Omilian, Attorneys, Goldberg Segalla LLP Are insurers prepared for climate change? A recent report says no, making major news in the insurance industry, and drawing attention to the economic impacts of global warming... Read More

Super Models Are Looking Better Than Ever - What Does That Mean For Insureds?
Posted on 9 Oct 2014 by J. Wylie Donald

By J. Wylie Donald A recent article in Best’s Review , The Rise of the Super Models, by Kate Smith (not Kate Upton, sorry), caught our eye. A lot is going on in the world of computer catastrophe modeling. First, demand by insurers and reinsurers... Read More

Earth Day and the LexisNexis Insurance Law Community
Posted on 22 Apr 2011 by LexisNexis Insurance Law Newsroom Staff

In celebration of Earth Day, Friday April 22, we invite our Community to access the following insurance resources related to the environment: 1. Environmental Insurance – New Appleman on Insurance Law Library Edition, Chapter 27 By Robyn L. Anderson... Read More

Even if You Can't Insure the End of Days, You Can Insure Some of the Effects of Climate Change
Posted on 1 Feb 2013 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English December 22 was to be the day the world ended. But it didn't . The spin put by some on the Mayan calendar didn't pan out and the world continued. Here in Baltimore we didn't buy into the... Read More