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The complaint alleges Geico fails to meet agreed-on replacement costs because it doesn't cover expenses such as registration transfer fees.

Backers said it would lower insurance rates and improve business outcomes for small trucking companies. Opponents said it would deny plaintiffs valid procedural claims.

"The majority's failure to recognize this ambiguity will result in a financial burden on insureds of limited economic means," Justice Jorge Labarga wrote.

The case is a cautionary tale for insurance companies refusing to tender policy limits in a timely manner, plaintiff counsel suggested.

In a dispute over a homeowners insurance application, a U.S. Court of Appeals recently examined the meaning of the question whether an applicant "had a foreclosure."

The elimination of one-way fee shifting will impact many first-party claims brought by homeowners that involve amounts less than $50,000.

From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.

Insurance defense firms are already feeling the effects of social inflation and a rapidly digitizing court system.