Insurance

Rain or River? Georgia Solar Plant’s $13 Million Insurance Dispute Heads to Trial

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MACON, Ga. — In the tranquil fields of Twiggs County, a legal storm brews as First Solar Electric faces off against Zurich American Insurance over the interpretation of a policy that could affect a $13 million claim. The solar company’s sprawling 2,000-acre farm project fell victim to several severe rainstorms between 2019 and 2020, leading to considerable destruction that the company believed was covered under their insurance plan. First Solar asserts that the damage, which includes the deterioration of onsite roads and prior construction, was the result of “torrential” rain. They approached Zurich in 2020 … Read more

New North Carolina Laws Shake Up Auto Insurance and Tax Rates, Impacting Budgets Statewide

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Raleigh, North Carolina – A pair of new state laws introduced in North Carolina on Wednesday are poised to impact residents financially, with changes in both auto insurance requirements and personal income tax rates. These developments are part of the state’s ongoing adjustments to economic policies affecting daily living costs for its populace. Under the newly enacted legislation, North Carolina drivers will have to navigate an increase in the minimum liability limits necessary for auto insurance. Previously set limits have now been raised to $50,000 for individual bodily injury per accident, and $100,000 for bodily … Read more

North Carolina Supreme Court Rules in Favor of Bars and Restaurants in Landmark COVID-19 Insurance Claim

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Raleigh, North Carolina — In a landmark decision, the North Carolina Supreme Court recently ruled in favor of 15 local bars and restaurants in a dispute over COVID-19 insurance coverage with Cincinnati Insurance Company. This unanimous decision underscored the broad interpretation of “direct physical loss” under commercial property insurance policies, including losses stemming from government-mandated shutdowns due to the pandemic. The case, centered around North State Deli and 14 other businesses, has been closely watched for its potential implications on similar insurance disputes nationwide. The court’s interpretation extends coverage to encompass temporary closures and usage … Read more

Judge Rules Against Eagles in Insurance Dispute, Cites Lack of Physical Property Damage

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Philadelphia, PA — In a recent ruling, U.S. District Judge Michael M. Baylson confirmed a previous decision, stating that the Philadelphia Eagles’ insurance claim related to COVID-19 losses does not meet the necessary legal criteria for coverage due to lack of physical damage to their property. According to state law, in order to trigger insurance coverage, there must be a physical alteration to the property. The Eagles had sought coverage under their insurance policy for financial losses incurred when their operations were restricted due to the pandemic. However, Judge Baylson pointed out that the franchise … Read more