Monthly Archives December 2024

In the recent decision of Mountain Valley Indemnity Co. v. Coen, the New York Supreme Court, New York County, addressed the obligations of insurance carriers in determining coverage based on policyholder residency. The case underscores the significance of precise policy language and the insured parties’ duty to understand their coverage. Mountain Valley Indemnity Company’s insured, Julia Coen, was sued by Norma Moreira for a slip-and-fall at the insured location, 64 West 13th Street, Huntington Station, New York. Mountain Valley Indemnity Co. filed a Declaratory Judgment Action seeking a declaration that it had no obligation to defend or indemnify Ms. Coen in the underlying
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As the cryptocurrency market continues to grow and evolve, insurance companies can profitably insure digital assets by adopting innovative risk assessment methodologies, leveraging blockchain technology for transparency, and developing tailored insurance products that meet the unique needs of cryptocurrency holders and businesses. The rise of cryptocurrency has transformed the financial landscape, presenting both opportunities and challenges. With the market capitalization of cryptocurrencies surpassing $2 trillion, the need for risk management solutions has become increasingly apparent. Insurance companies have historically been slow to adapt to emerging technologies, but the potential for profit in insuring digital assets is significant. Here we explore
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