In this Issue:
Specialty Insurance Coverage for Rising Geopolitical Risks: Political Risk Insurance, Political Violence Insurance, and War Risk Coverage
By Robert M. Horkovich and James A. Goodridge
Today’s multinational corporations face a minefield of international conflicts threatening overseas operations, revenue streams, and global supply chains. By some metrics, there were at least eleven full-fledged wars in 2026 – marking the highest level of global volatility in a decade. But as many policyholders find out too late, standard commercial property insurance programs may [...]
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Mist Pharmaceuticals, LLC v. Berkley Insurance Company
By Robert D. Chesler, Steven J. Pudell, and Kennedy Aldrich
The New Jersey Supreme Court, in Mist Pharmaceuticals, LLC v. Berkley Ins. Co., No. 089689, 2026 WL 1278954 (N.J. May 11, 2026), recently held that an insurance company was not estopped from withdrawing its defense of a policyholder where the insurance company consistently reserved its rights under a policy exclusion throughout the course of a coverage dispute. [...]
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New York Law Confirms that Insurance Company Liability for Bad Faith Claims Handling Includes Third-Party Claims
By Cort T. Malone and Jillian Balsamo
New York law recognizes a claim against insurance companies for breach of the implied covenant of good faith and fair dealing, specifically where the insurance company’s handling of a claim frustrates the policy’s purpose and results in damages beyond the mere failure to pay policy proceeds. In such circumstances, an aggrieved policyholder may recover [...]
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