Policyholders take notice – a recent New York case highlights the importance of thoroughly analyzing and understanding all policy language to minimize project risk and ensure proper coverage. As an illustration, the Court of Appeals of New York recently held that a named additional insured was not covered under an insurance policy because the plain
Cyber Insurance: Court’s Recent Decisions May Change What Your Policy Covers
Cyber incidents can take many forms—phishing, insider theft, SQL injection, malware, denial of service, session hijacking, credential farming, or just old fashion “hacking.” Although many of these attack vectors employ technical knowledge, some utilize deception to manipulate individuals into performing certain actions or divulging confidential information.
Commonly referred to as “social engineering,” a perpetrator can
National Flood Insurance Program Shows Continued Promise–and Limitations–for Businesses Recovering from Hurricane Loss
Following record-setting levels of rainfall in the Carolinas from Hurricane Florence, businesses both in and outside of affected areas will likely be reviewing their flood coverage to assess how it will respond to adverse weather events. Although private flood insurance is on the rise, the National Flood Insurance Program (NFIP) remains by far the biggest
Coverage for Cannabis? How Cannabis’s Legal Limbo Affects Property Insurance Policies
A recent federal court of appeals’ decision raises interesting questions for all policyholders, particularly commercial and residential landlords with tenants that grow, possess, and/or distribute cannabis, even where it is legal to do so under state law.
In K.V.G. Properties, Inc. v. Westfield Ins. Co., decided by the United States Court of Appeals for