FM Global controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Ralph Lauren sues Factory Mutual over insurance coverage
Lawsuit filed
Ralph Lauren sued its insurer, Factory Mutual Insurance, alleging that the insurer tried to limit coverage for pandemic-related business losses. The allegations are reported as claims in the lawsuit, not as established findings.
Company response
Clarification — Factory Mutual
“FM Global values the long-term relationships we have with our policyholders and we are proud to be leading the industry for claims service. It is unfortunate when legal matters arise because we strongly believe our insurance policies are clear on the coverage provided.”
Source excerpt
When Ralph Lauren filed a claim for its financial losses resulting from the pandemic, its insurer Factory Mutual Insurance allegedly attempted to limit coverage.
Ralph Lauren is suing its insurer after the American fashion label was barred from claiming the full amount of its business loss insurance.
Factory Mutual has refused to pay out Froedtert’s claim.