United States: Insurance Laws and Products

The Supreme Court of Ohio has issued a landmark decision reinforcing the finality of binding insurance appraisal awards, establishing that courts will only set aside such awards in exceptional circumstances involving fraud or manifest mistake. The ruling clarifies the stringent pleading requirements parties must meet when attempting to challenge completed appraisals, particularly when alleging newly discovered property damage. This decision has significant implications for how property insurance disputes ar

A United States court has ruled that a broadly worded water exclusion in a businessowners property insurance policy defeated a jewellery business's claim for storm-related water damage. The decision demonstrates how insurers can successfully rely on comprehensive exclusions that capture multiple related perils, even when policyholders attempt to characterize their losses under a different mechanism.

Turquoise Health has launched a new dashboard that provides free tracking of independent dispute resolution (IDR) awards from disputes over services covered by the No Surprises Act.