DFS Fines Two Insurance Companies $2.2M for Violating New York Insurance Law

Article 0 Comments The New York State Department of Financial Services (DFS) has fined Arch Insurance Company and National Union Fire Insurance Company of Pittsburgh, Penn., a combined total of $2.2 million in fines and ordered the insurers to provide a combined $8 million in retroactive rebates for violations of […]

Tennessee Supreme Court Upholds $150M Cut in Mall Flood Coverage

Article 0 Comments In a blow to the owner of Opry Mills Mall, the Tennessee Supreme Court has let stand a lower court’s ruling that stripped $150 million of insurance coverage for the 2010 flood. The state’s highest court announced last month that it would not hear an appeal from […]

Tennessee Mall Damaged in 2010 Flood Seeks More Insurance Money

Article 0 Comments The owners of Opry Mills are asking the Tennessee Supreme Court to reverse a ruling that reduced their 2010 flood insurance coverage from $200 to $50 million. The Tennessean reports the Simon Property Group filed an appeal last month with the state Supreme Court. It seeks to […]