Hi Ty We wanted to reach out and let you know that we have tentatively settled the XXXX case. For the last several weeks, the parties have been working with a mediator on various settlement proposals, and following production of our expert rebuttal reports, we appear to have reached an agreement with the Trustee on […]
9th CIRCUIT HOLDS WAR EXCLUSIONS DO NOT APPLY TO HAMAS 2014 ATTACKS IN ISRAEL (POLICYHOLDER EXPERT, TY SAGALOW, WIDELY QUOTED)
(July 12, 2019) In Universal Cable Productions v. Atlantic Speciality Insurance Company, the 9th Circuit Court of Appeals reversed the lower court’s decision which had held that the policy’s war exclusions applied. The decision affirms, at least in California, that words in an insurance policy can have “special meaning” as argued by the policyholder’s attorneys […]
Partner, Mid-sized (100 attorneys) Fla Law Firm
Arbitration Award in Favor of Policyholder Results in Limits Loss plus interest for non-shaving D&O Excess Insurer
JANUARY 2019. An arbitration panel decided in favor of a corporate policyholder in a claim brought against an excess D&O carrier who refused to join a 90% shaving settlement. The underlying claim arose from a multi-billion bankruptcy reorganization which prompted multiple noteholder and other lawsuits and claims. All but one carrier settled the underlying claims […]
