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Kennedys reaffirms commitment to diversity and inclusion agenda, as a global partner of 2021 Dive In festival
We are delighted to again be a global partner of Dive In, the international festival for diversity and inclusion (D&I) in insurance and an initiative of Inclusion@Lloyd’s.
Florida court rules that auto insurer cannot invoke exceptions to the Eight Corners Rule to avoid duty to defend visibly drunk driver
A liability insurer’s duty to defend a third-party lawsuit in Florida is triggered when the complaint against the insured alleges facts that potentially bring the action within the policy’s coverage grant. Like courts in other jurisdictions, Florida courts generally apply the eight corners rule that restricts the court’s analysis of the issue to the terms in the four corners of the policy and the allegations inside the four corners of the complaint.
Kennedys is implementing a hybrid working policy which will allow people to work from home up to 40% of the time.
Kennedys has been ranked as a Leading Firm in The Legal 500 US 2021, the guide to outstanding firms and lawyers across the United States.
Insurers facing increased exposure to Florida bad faith claims in recent years received some relief with the Eleventh Circuit Court of Appeals’ decision in Heather Eres v. Progressive American Insurance Co., No. 20-11006 (11th Cir. June 1, 2021). The Eleventh Circuit affirmed summary judgment for Progressive American Insurance Company. In doing so, the court found that Progressive did not act in bad faith toward its insured in attempting to settle Heather Eres’s bodily injury claim.
The implications of the Delaware Supreme Court’s pronouncement that D&O liability for actual fraud is insurable
On March 3, 2021, the Delaware Supreme Court announced in RSUI Indemnity Co. v. Dole Food Company, Inc., et al., 248 A.3d 887 (Del. 2021) (“Dole”), that Delaware public policy permits indemnity insurance coverage for liability arising from fraud. Therefore, in Delaware, unscrupulous executives found to have lied to investors may potentially avoid direct responsibility for any damages caused and simply pass the buck for any judgment or settlement to the company’s Director’s & Officer’s (“D&O”) insurer.
Tik Tok: In 60 Seconds, 4 takeaways from the Colonial Pipeline Cyberattack that every company should know
On June 8, 2021, the CEO of the Colonial Pipeline Company, Joseph Blount, testified before the Senate Homeland Security and Governmental Affairs Committee about the ransomware cyberattack suffered by his company last month at the hands of the hacker group, the Dark Side. The attack caused the company to shut down its pipeline, which delivers approximately 45% of the East Coast's fuel supply.
As of May 26, 2021, the estimated market capitalization of the cryptocurrency market exceeded USD 1.7 trillion despite recent market fluctuations. There is growing interest by a wide range of publicly traded companies in incorporating crypto into their business models given the ongoing market development.
Professional liability policies generally insure policyholders for risks created by their professional negligence and, like many other liability insurance products, are often drafted so as not to cover losses arising from the insured’s intentional conduct. This is commonly achieved by including a negligence trigger in the insuring grant, such as a requirement that coverage will only be provided for losses arising from the insured’s negligent acts, errors, or omissions.
Huggins v. Aquilar; New Jersey Supreme Court reviews minimum auto liability limits and escape clauses
On April 21, 2021, the Supreme Court of New Jersey issued its opinion in Huggins v. Aquilar, No. 084200, 2021 WL 1555277, --- A.3d --- (N.J. Apr. 21, 2021). The Court affirmed the trial court’s decision to strike a provision in the garage policy issued by Federal Insurance Company (“Federal”) that fully eliminated coverage to permissive users of the car dealership’s vehicles that carried at least $15,000 in their own personal auto insurance. The Court explained that such “shifting of responsibility from owner to driver does not fulfill the public policy of the compulsory insurance requirement and its related permissive user doctrine.”