In 1996, the London Engineering Group (LEG) first introduced a set of model defects clauses applying to physical loss or damage to insured property caused by defects in material, workmanship, design, plan, or specification, known as LEG 1, LEG 2, and...
In late May 2023, the Second Circuit Court of Appeals issued a detailed and complex decision that demonstrates in unusually lucid fashion that the interconnected worlds of U.S. and U.K. insurance and reinsurance law, despite being populated by a people...
Because arbitration is generally considered a more efficient forum for dispute resolution than litigation, insurers may include mandatory arbitration provisions––often with New York law and forum provisions––in their contracts. New York has served as a...
The Surfside collapse and its $1.2 billion class action settlement in 2021 created a pivotal moment for Florida insurance regulations in property losses. Partner Lloyd Gura dives into the legislative response of the state and its efforts to curb the...
