Attorneys: Chubb ruling could have ‘dangerous’ implications for brokers, policyholders

September 10, 2024 by Rayne Morgan

Attorneys at Reed Smith LLP say a recent court ruling over the wording of a Chubb Insurance Company policy adds a new level of uncertainty to coverage expectations in a way that could set a “dangerous” precedent if continued.

In the case of ECB USA v. Chubb, the Eleventh Circuit Court of Appeals ruled that coverage was limited based on the language of the policy. This was a ruling in favor of Chubb, which was being sued over failure to cover a corporate policyholder’s liability. 

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Originally Posted at InsuranceNewsNet on September 9, 2024 by Rayne Morgan.