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DIS
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S&P500
2271.89
+4
+0.18%
 
NASDAQ
5555.65
+16.93
+0.31%
 
NYSE
11196.1
-0.19
0.00%
 
MMM
178.49
+1.23
+0.69%
 
AXP
77.49
+0.89
+1.16%
 
T
40.8
-0.31
-0.75%
 
BA
158.32
+0.65
+0.41%
 
CAT
93.33
+0.53
+0.57%
 
CVX
115.94
-0.34
-0.29%
 
CSCO
30.03
+0.04
+0.13%
 
KO
41.29
+0.07
+0.17%
 
DD
73.45
+0.48
+0.66%
 
XOM
86.28
-1.08
-1.24%
 
GE
31.23
-0.04
-0.13%
 
GS
234.29
-1.45
-0.62%
 
HD
136.16
+0.23
+0.17%
 
INTC
36.76
-0.04
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IBM
166.8
-1.09
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JNJ
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-0.17
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JPM
83.94
+0.39
+0.47%
 
MCD
122.71
-0.04
-0.03%
 
MRK
61.17
-0.31
-0.50%
 
MSFT
62.5
-0.03
-0.05%
 
NKE
53.27
-0.38
-0.71%
 
PFE
32.03
-0.03
-0.09%
 
PG
84.93
+0.39
+0.46%
 
TRV
118.54
+1.08
+0.92%
 
UNH
157.74
-2.92
-1.82%
 
UTX
110.42
+0.45
+0.41%
 
VZ
52.25
-0.49
-0.93%
 
V
81.59
+0.33
+0.41%
 
WMT
68.11
-0.31
-0.45%
 
DIS
108.16
+0.19
+0.18%
 
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Insurance Blog

Don’t Let The Door Hit You on the Way Out: Insurer Loses Coverage Suit Involving Injuries Sustained By Fitting Room Door

In Selective Insurance Co. of South Carolina v. Target Corporation, No. 16-1669, 2016 U.S. App. LEXIS 23370 (7th Cir. Dec. 29, 2016), the Seventh Circuit affirmed an Illinois district court’s decision finding coverage for an additional insured after parsing through the language of two contractual agreements. The coverage dispute arose when a customer shopping at a Target store was injured after a fitting room door came off and fell on her in December 2011. The customer filed suit against Target,

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Don’t Let The Door Hit You on the Way Out: Insurer Loses Coverage Suit Involving Injuries Sustained By Fitting Room Door

In Selective Insurance Co. of South Carolina v. Target Corporation, No. 16-1669, 2016 U.S. App. LEXIS 23370 (7th Cir. Dec. 29, 2016), the Seventh Circuit affirmed an Illinois district court’s decision finding coverage for an additional insured after parsing through the language of two contractual agreements. The coverage dispute arose when a customer shopping at a Target store was injured after a fitting room door came off and fell on her in December 2011. The customer filed suit against Target,

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Anticipated Decision in Heinz Rescission Litigation Upholds Ruling Voiding $25 Million Insurance Policy Due to Misrepresentations in the Application

In a much anticipated decision, the Third Circuit Court of Appeals upheld the rescission of H.J. Heinz Company’s $25 million production contamination insurance policy because Heinz made material misrepresentations concerning previous product contamination claims when it applied for the policy. H.J. Heinz Company v. Starr Surplus Lines Insurance Company, No. 16-1447 (3d Cir. Jan. 11, 2017). The fact that Heinz’s application misrepresented its history of prior contaminations losses was clear. The insurer’s application asked Heinz to disclose past complaints, recommendations,

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NYDFS Issues Updated Cybersecurity Regulation

The New York Department of Financial Services (NYDFS) recently issued an updated version of its proposed cybersecurity regulation, “Cybersecurity Requirements For Financial Services Companies” (23 NYCRR 500). The updated proposed regulation reflects several of the comments offered during the initial public notice and comment period that concluded on November 14, 2016. Some of the most noteworthy changes in the revision are as follows: Section 500.04 — NYDFS clarified that while a Covered Entity must designate a qualified individual to perform

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Heartbreak in the First Circuit: Court Dismisses Suit Against Insurer Over Coverage for Claims Related to Attorney’s Rocky Affair with Client

In Sanders v. The Phoenix Insurance Co. (1st Cir. Dec. 7, 2016), the First Circuit held that a homeowner’s insurance company had no duty to defend or indemnify its insured, a divorce attorney, against claims stemming from his “on-again/off-again intimate relationship” with his client. The First Circuit affirmed the lower court’s dismissal of a complaint filed by the assignee of the insured attorney against his insurer, Phoenix Insurance Company , for its failure to provide coverage. As background, Phoenix issued

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Death of Carrie Fisher Likely Triggers Largest Contractual Performance Indemnity Policy

On December 27, 2016, Carrie Fisher, who was perhaps best known as Princess/General Leia Organa in the Star Wars Universe, passed away after a heart attack. As Star Wars fans and the world mourn Ms. Fisher’s passing, questions are swirling about how the Star Wars franchise will handle her death and the future of Princess Leia. Ms. Fisher finished shooting Episode VIII prior to her passing and was expected to have a part in Episode IX. What is clear now

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No Coverage for Innocent Insureds: West Virginia Supreme Court Decision Proves the Smallest Words Continue to Have Huge Impacts on Coverage

The distinction between the terms “the insured” and “any insured” in an insurance policy is a critical one and continues to spark coverage litigation. This distinction was key to the Supreme Court of Appeals of West Virginia’s recent decision denying coverage to parents sued in a wrongful death action arising from murder committed by their minor children. Answering certified questions from the federal court, the court held that the parents’ homeowners policies did not provide coverage because exclusions barring coverage

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