583 results found

On June 29, 2010, the Department of Health and Human Services (HHS) released the official application for the Early Retiree Reinsurance Program (ERRP) and related instructions, opening the ERRP to employer reimbursement requests.

Once effective, the proposed rules are likely to cover both existing and future entities

We have posted a number of times on the Covered Agreement between the U.S. and the E.U. concerning the reduction of collateral requirements for reinsurance provided by reinsurers domiciled in the E.U.

A California state appellate court recently upheld summary judgment in favor of an insurer in a dispute about the value of fine art paintings over the insured's attempts to pierce the insurer's corporate veil.

Utica Mutual Insurance Company's request that numerous exhibits filed in support of summary judgment be sealed has been rejected by a federal district court, which found that Utica's general statements ...

On July 21, 2016, we reported on a putative class action filed in a California U.S. district court by Shasta Linen Company against Applied Underwriters, Inc. and its affiliated entities, alleging that the "EquityComp" workers' compensation insurance program marketed and sold by Applied Underwriters violated California insurance law and regulations.

The case involves a dispute over Utica Mutual Insurance Company's claims for reinsurance proceeds from Munich Re.

We wrote regarding an arbitration confirmation fight between the Scottsdale Insurance Company and the John Deere Insurance Company in a reinsurance dispute relating to whether there was a computation...

The District Court for the Northern District of Illinois dismissed a complaint filed by Plaintiff-Rehabilitator, the Illinois Director of Insurance, against Defendant-Reinsurer, Twin Rivers, alleging breach of contract, breach of the implied covenant of good faith and fair dealing, unjust enrichment and a violation of the Real Estate Settlement Procedures Act (RESPA).

In this case, a Louisiana federal court denied a motion for remand of a former machinist's asbestos-related claim, finding that an English insurer's removal from state court was appropriate and that the dispute could relate to an underlying arbitration agreement contained in an insurance policy.

Terra Finance LLC brought an action to compel arbitration. Defendant Acrow Corporation moved to dismiss the action, arguing that the arbitration clause was unconscionable, and therefore unenforceable

When you are not a party to a legal proceeding, but nevertheless file a notice of appeal purportedly on behalf of a party after a settlement, the likelihood of a positive outcome is very low.

A new putative class action suit filed in the Southern District of New York alleges that the use of so-called "shadow insurance" transactions violates New York Insurance Law Section 4226(a)(4), which prohibits insurers from making "any misleading representation, or any misrepresentation of the financial condition of any such insurer or of the legal reserve system upon which it operates."

Reliance Liquidation Court Approves Application For Direct Payments From Reliance's Reinsurers To Certain Insureds.

A federal district court in South Carolina recently granted motions to bifurcate a trial involving various claims, crossclaims, and counterclaims between an insured, reinsurers, and a reinsurance agreement trustee.

On May 8, 2018, President Donald Trump issued a Presidential Memorandum announcing his decision to withdraw the United States from its participation in the Joint Comprehensive Plan of Action (JCPOA), the agreement under which Iran committed to limiting its nuclear activities in exchange for sanctions relief from the U.S. and others

On Tuesday, the North Carolina legislature has enacted into law, pending the governor's signature, a prohibition on the use of most favored nations clauses in contracts between commercial health insurers and providers.

At the 2018 NAIC Summer National Meeting, regulators continued their efforts to define the standard of care that applies to recommendations.