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Delaware Court Dismisses Insurers’ Subrogation Action Against Software Provider Over Ransomware Payouts

The Superior Court of Delaware, applying Delaware law, has dismissed two lawsuits filed by nine insurance companies seeking to recover amounts they paid under cyber liability policies from a software company whose customers...more

Insured Bank’s Acceptance of Loan Payments Without Good Faith Constitutes Uninsurable Loss

The United States District Court for the Southern District of Ohio, applying Ohio law, has held that a bank’s professional liability policy afforded no coverage for an insured’s settlement of a lawsuit that sought...more

Insurer Entitled to Rescind Policy for Insured’s Concealment of Lawsuit Filed Prior to Policy Period

The United States District Court for the Central District of California, applying California law, has held that an insurer may rescind a policy issued to a law firm where the firm failed to disclose, when applying for...more

Broker Has No Tort-Based Duty to Claimants to Notify Insurance Carriers of Claims Against Insured 

Applying Illinois law, the United States District Court for the Northern District of Illinois has held that an insurance broker was not liable in tort to a claimant for an alleged failure to provide timely and proper notice...more

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