583 results found

Ameriprise sought vacatur of the award under grounds set forth in the FAA, namely fraud, evident partiality, arbitrator misconduct, and exceeding of powers.

GC Services Limited Partnership ("GC Services"), a debt collector hired by a bank to collect an allegedly unpaid balance on a credit card, advised plaintiff Francina Smith that it would commence a collection proceeding ...

On June 18, 2007, the United States District Court for the District of Colorado granted summary judgment in favor of Maryland Casualty Company, represented by Cozen O’Connor, holding that the business interruption clause in a first-party policy only provides coverage until the insured resumes operations, and does not provide coverage for market consequences resulting from the insured’s temporary cessation of business.

A District of Columbia federal court partially granted and partially denied a reinsured's motion to amend its complaint in a dispute over a reinsurance agreement for a credit insurance policy.

Some insurance programs are simple: one primary policy, one excess policy. Easy. Some insurance programs are complex and contain many layers and coverages.

In this case, an Illinois appellate court held that Section 2-403 of the Illinois Code of Civil Procedure, 735 ILCS 5/2-403, required the reinsurers and insurer of Developers Surety and Indemnity Co. a surety, ...

Life insurance policies issued in the past are often transferred in blocks to reinsurers on a 100% indemnity reinsurance basis.

A tax court judge in New Jersey has handed Johnson & Johnson (J&J), and likely other New Jersey-based businesses that operate captive insurers, a significant loss in an opinion interpreting...

In Clear Blue Specialty Ins. Co. v. R-SVP II, L.L.C., the Massachusetts Superior Court applied Chapter 93A to the parties' dispute despite the existence of a New York choice-of-law provision in the parties' contract.

The Second Circuit has partially vacated summary judgment rulings in a case involving the reinsurance of asbestos-related risks. The case involves Utica Mutual Insurance Company .

According to Lloyd's of London, which helped to reinsure the NFIP for more than $1 billion seven months before Hurricane Harvey, the storms in Texas and Florida may result in damage amounting to....

Whether a motion to compel arbitration will be granted depends on, among other things, whether the arbitration provision is broad or narrow and whether the dispute falls within the scope...

The US continues to impose economic sanctions on trade with respect to a number of countries, including Burma, Cuba, Democratic Republic of Congo, Iran, Iraq, Somalia, Sudan, Syria, Zimbabwe and others.

On December 31, 2014, the Federal Insurance Office (FIO) of the US Department of the Treasury issued its report regarding the global reinsurance market and its relationship with the domestic US insurance industry.

Last week, the U.S. Supreme Court rejected the Kentucky Supreme Court's use of a clear-statement rule to require that powers of attorney specifically authorize a representative to enter into an arbitration agreement, finding that the rule violated the Federal Arbitration Act's ("FAA") equal treatment principle.

On July 5, the UN Environment Programme (UNEP) released a statement on the Net-Zero Insurance Alliance's (NZIA) progress towards net-zero targets.

On November 20, 2015, the US Department of the Treasury ("US Treasury") and the US Trade Representative ("USTR") sent letters to the Financial Services and Ways and Means Committees of the US House of Representatives...

On March 9, a regulatory milestone occurred. Consumer Financial Protection Bureau Director Richard Cordray presided over oral arguments in the first ever appeal of a CFPB administrative enforcement action.