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Category: Insurance Law

ExxonMobil Takes Insurers to Court Over Benzene Exposure Coverage Disputes

ExxonMobil has sued several insurance companies, claiming they wrongly refused to provide coverage for lawsuits involving benzene exposure. The company says these insurers should be helping to pay for defense costs and settlements related to those cases. This dispute highlights ongoing battles between large companies and their insurers over whether older insurance policies still cover …

How Can Companies Ensure Their Insurance Covers Employee-Related Liability?

Employee-related liability poses significant financial risks to businesses of all sizes. Is your New Jersey business prepared for this? Companies must take proactive steps to verify that their insurance policies provide adequate protection against claims involving workplace incidents, harassment allegations, discrimination suits, and other employee-related issues. This protection requires careful policy selection, regular review, and …

What Are the Key Insurance Protections for New Jersey Business Owners?

As a business owner in New Jersey, protecting your company from potential risks is a fundamental aspect of maintaining long-term success. The right insurance coverage that addresses key protections can shield your business from financial losses that might otherwise prove devastating. General Liability Insurance is a cornerstone protection for businesses of all sizes. It protects …

How Can Policyholders Fight Back Against Wrongful Insurance Claim Denials?

Insurance claim denials can devastate business owners, threatening financial stability and operational continuity. Yet, it is not unusual for insurance providers to do that. Fortunately, there are ways to fight for what your company is legally entitled to. Policyholders must be prepared to challenge those decisions strategically and effectively. What Are Common Reasons for Insurance …

What Should Businesses Know About Insurance Coverage for Commercial Litigation?

The financial risks of defending against lawsuits, regardless of their merit, can be substantial for businesses, potentially impacting bottom lines and long-term viability. Insurance coverage designed specifically for litigation-related expenses can provide valuable protection, but many business owners remain unclear about their options. This information can protect your interests and help you move forward with confidence. …

What Is Umbrella Insurance?

Business Owners must protect themselves from liability to the fullest extent possible. Without sufficient coverage, a lawsuit could jeopardize the financial stability of their business. While primary liability insurance provides essential protection, it may not be enough to cover all potential claims. An Umbrella Insurance Policy offers additional coverage, helping businesses mitigate financial risks associated …

How Wildfires Like the Ocean County Blaze Could Threaten More Than Just Property – What NJ Residents Should Know About Insurance Coverage

This week, a fast-moving wildfire scorched over 8,500 acres in Ocean County, New Jersey, causing sudden evacuations, power outages, and road closures. The scale and speed of the “Jones Wildfire” left little time to prepare, reminding New Jersey homeowners that the impacts of natural disasters extend far beyond physical destruction, especially when it comes to …

Janus Henderson to Manage $45 Billion Guardian Life Assets

Janus Henderson has entered into a major partnership with Guardian Life, giving the investment firm a larger role in managing insurance assets. As part of the deal, Janus Henderson will manage $45 billion of Guardian Life’s bond portfolio. Guardian Life will also invest up to $400 million to support new projects at Janus Henderson, including …

Trust Issues in Business Insurance: Avoiding Pitfalls with Your Coverage

When businesses and property owners invest in insurance, they expect their policies to provide financial protection in times of crisis. However, trust issues often arise when insurers delay claims, deny valid coverage, or fail to account for legal ownership structures—such as when property is held in a trust. Understanding these challenges can help business owners …

Secret Mortgage Blacklist Leaves Homeowners with Unsellable Condos

A secret mortgage “blacklist” is leaving homeowners throughout the country struggling to sell their condominiums. The list, maintained by Fannie Mae, includes condo associations that the mortgage finance giant deems as having inadequate property insurance or requiring critical building repairs. The consequences can be severe, making it significantly harder for potential buyers to secure financing. …

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