Daphne Zhang

Feb 21, 2024 | news.bloomberglaw.com | Daphne Zhang

The US Supreme Court ruled in favor of a Munich Re unit against a Pennsylvania yacht owner in a marine insurance dispute, emphasizing the need for predictability in maritime contracts. The case revolves around a choice of law provision in Raiders Retreat Realty Co.’s policy with Great Lakes Insurance SE. The provision said federal admiralty law would be used to resolve any disputes, with New York state’s insurer-friendly law serving as the backup.

Feb 9, 2024 | news.bloomberglaw.com | Daphne Zhang

An Argo Group International Holdings Inc. unit won a directors and officers insurance dispute against the former head of a New York sporting goods company that had filed for bankruptcy after a federal judge in Manhattan ruled the carrier never breached its insurance contract. Mitchell B.

Feb 8, 2024 | news.bloomberglaw.com | Daphne Zhang

Pacific Life Insurance Co. won an insurance dispute after a federal appeals court said the estate of an individual who died can’t get benefits because he never accepted the policy. The policyholder, Travis Richardson, never truly accepted the insurance policy even though he paid for the premiums, the US Court of Appeals for the Eighth Circuit said on Thursday. Richardson applied for a life insurance policy with Pacific Life in January 2021.

Jan 30, 2024 | news.bloomberglaw.com | Daphne Zhang

A KB Financial Group Inc. unit won an insurance dispute after a federal appeals court said the company has no obligation to provide coverage to the owner of a Philadelphia deli where a customer was stabbed. Kookmin Best Insurance Co. isn’t on the hook for injuries that happened at the deli because the issue was already decided in a separate state court action, and the commercial general liability policy bars coverage for assault, the US Court of Appeals for the Third Circuit said Tuesday.

Jan 26, 2024 | news.bloomberglaw.com | Daphne Zhang

American International Group Inc. and Chubb Ltd. units won an opioid insurance battle against McKesson Corp. after a federal appeals court said the insurers have no obligation to cover McKesson‘s legal defense costs in lawsuits brought by government entities. The government lawsuits against McKesson never alleged an “accident” or unintentional harm required for coverage under the drug wholesaler’s commercial general liability policies, the US Court of Appeals for the Ninth Circuit said on Friday.