583 results found

The trust agreement secured a reinsurance arrangement that allowed Freestone to do business through Companion in jurisdictions where Freestone was not admitted to sell insurance.

The transaction, which was originally targeted to be a $275 million placement, grew to $500 million based on strong investor demand.

A Louisiana federal district court denied an insurer's motion to dismiss a suit seeking civil authority coverage, finding that the complaint sufficiently alleged property damage and...

These exposure drafts further the implementation of the Covered Agreement discussed at the NAIC's February 20, 2018 public hearing.

The 2021 Summer National Meeting of the National Association of Insurance Commissioners was held from August 14-17, 2021 in a hybrid format, with attendees participating virtually or in person in Columbus, Ohio.

On appeal, the New York appellate court noted that the lower court correctly determined that the reinsurers' motion for a change of venue was untimely...

Policyholders received a boost of support from a New York Court of Appeals on Tuesday when the court held that an insurer is precluded from using policy exclusions as a means to escape its duty to indemnify a claim if it previously breached its duty to defend its policyholder by improperly denying coverage.

As we previously reported, the District of Connecticut in September denied a motion to transfer based on a mandatory forum selection clause in a reinsurance contract in a dispute between Applied Underwriters, Inc. ...

When a policyholder faces litigation from its insurance company over a claim submitted by the policyholder, ...

Reinsurance disputes are rarely tried to a jury. They are typically arbitrated. When they are tried to a jury–just like any jury trial

In a lengthy opinion, the court granted in part and denied in part the motion to dismiss.

A federal district court in Pennsylvania recently dismissed all claims asserted by an insured against a reinsurer in a coverage dispute over an explosion at plaintiff Three Rivers Hydroponics...

Recently, there have been several developments in the ongoing liquidation of Reliance Insurance Company.

A federal district court in Connecticut has entered final judgments pursuant to agreements between the SEC and three defendants in a case alleging that Haddad deceived investors into investing in Trafalgar and...

Plaintiffs sought coverage from the insurer Defendants for a $212.5 million dollar settlement of a claim of violation of the False Claims Act relating to errors and omissions in underwriting...

The Department of Health and Human Services has issued proposed regulations regarding the "transitional reinsurance program" under the Affordable Care Act.

The Natural Catastrophe Risk and Resilience Task Force of the US National Association of Insurance Commissioners convened to address the escalating challenges of catastrophe risks facing insurance markets. Key discussions centered on developing standardized mitigation programs, expanding flood insurance awareness, and scaling resilience initiatives like FORTIFIED home designations. The meeting also examined the evolving property/casualty reinsurance market and explored new hemispheric partnerships to streng