A recent decision from the U.S. District Court for the Western District of Texas offers a cautionary reminder for policyholders evaluating cyber coverage. In Perry & Perry Builders, Inc. v. Cowbell Cyber, Inc. and Obsidian Specialty Insurance Co. Inc., insufficient policy limits and a key limiting endorsement left the policyholder critically underinsured for a social
In this blog series, we explore the promises and the pitfalls of AI tools in the insurance coverage context, offering practical guidance for lawyers and business professionals to harness these technologies without getting burned.
If you practice insurance coverage law, you’ve been there: staring at an undefined term in a policy, toggling between three dictionaries
In Part 1 of this series, we introduced the Federal Acquisition Regulation’s (FAR) approach to insurance and risk allocation in federal procurement, focusing on FAR Part 28 and the insurance-related clauses in FAR Subpart 52.228. That post explained how the FAR uses insurance requirements to allocate risk between the government and its contractors. In Part
This is the second in a series of discussions about insurance issues unique to the Lone Star State.
Both bankruptcy and the ability for a policyholder to assign its first-party, bad-faith claim against its insurer can be critical methods of risk mitigation. In our last post on Insurance – Texas Style, we looked at