Litigation

The case hinged on the innocent insured doctrine, which allows for recovery if a co-insured deliberately causes a loss.

Chubb Chairman and CEO Evan Greenberg delivered the Tuesday morning keynote at RIMS RISKWORLD in San Diego.

The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.

The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.

Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.

The volume of insurance-carrier lawsuits is down in the Sunshine State.