"The majority's failure to recognize this ambiguity will result in a financial burden on insureds of limited economic means," Justice Jorge Labarga wrote.
From sophisticated cyberattacks and deepfakes to social inflation and a plethora of pandemic-related business interruption claims, insurers have had a busy year.
An Arizona Court of Appeals concluded the Arizona Constitution never contemplated mental injuries when it used the term 'injury,' and the state's high court agreed.
"In order to hold in the manner in which you're arguing we would have to read 'purchase' to mean any change in coverage," said Justice Christine Donohue, who sits on the Pennsylvania Supreme Court bench.