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  • Article

    Cyber Insurers Look To Rescind Policies After Large Claims

    With cyber insurance claims booming, insurers are intently examining whether they can cancel cyber policies after claims have been filed.
    United StatesInsurance
    Taft, Stettinius & Hollister LLP
    Taft, Stettinius & Hollister LLP
  • Article

    Eighth Circuit Holds Defense Obligation For Environmental Claim Barred By Statute Of Limitations And Indemnity Obligation Barred By Owned Property Exclusion

    In a recent case, the United States Court of Appeals for the Eighth Circuit affirmed a district court’s holding that a six-year statute of limitations barred a policyholder’s breach of contract claim on the duty to defend because the policyholder filed suit more than six years after the insurers denied coverage for a potentially responsible party issued by the United States Environmental Protection Agency.
    United StatesInsurance
Steptoe LLP
Steptoe LLP
  • Article

    Faulty Workmanship Exclusion Bars Coverage For Damage Caused By Workmanship "External" To Covered Property

    On April 16, 2007, Washington Appellate Court Judge Ronald Cox issued an Opinion in City of Oak Harbor v. St. Paul Mercury Insurance Co., Case No.: 57959-2-I (Wash. Ct. App. April 16, 2007), affirming the trial court’s grant of summary judgment in favor of St. Paul Mercury Insurance Company ("St. Paul") based on an "all-risks" insurance policy’s faulty workmanship exclusion.
    United StatesInsurance
    Cozen O'Connor
    Cozen O'Connor
  • Article

    Georgia Supreme Court Defines "Occurrence" Expansively In CGL Policy

    The specific issue was whether a general contractor could recover under a subcontractor’s CGL policy for damages to neighboring property caused by work negligently performed by the subcontractor.
    United StatesInsurance
    Morris, Manning & Martin, LLP
    Morris, Manning & Martin, LLP
  • Article

    Illinois Legislation Revises Laws Applicable To Captive Insurance Companies

    Illinois has adopted a bill that includes a number of revisions to its laws regarding captive insurance companies.
    United StatesInsurance
    Carlton Fields
    Carlton Fields
  • Article

    Supreme Court Considers Varying Review Standards For Arbitration Awards

    On November 7, 2007, the United States Supreme Court heard oral arguments in Hall Street Associates, L.L.C. v. Mattel, Inc., Case No 06-989, an arbitration case that could have significant implications for any insurer or reinsurer that uses arbitration provisions in its contracts.
    United StatesInsurance
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Article

    US NAIC Fall 2024 National Meeting Highlights: Reinsurance (E) Task Force

    The Reinsurance (E) Task Force ("RTF") of the US National Association of Insurance Commissioners ("NAIC") held a virtual meeting on October 24, 2024...
    United StatesInsurance
    Mayer Brown
    Mayer Brown
  • Article

    Florida Federal Court Confirms Arbitration Award, Finding Defendants Did Not Meet "Heavy Burden" To Vacate The Award

    The background of this case can be found here. Floridians for Solar Choice, Inc. ("FSC"), is a Florida not-for-profit corporation ...
    United StatesLitigation, Mediation & Arbitration
    Carlton Fields
    Carlton Fields
  • Article

    Impact of the New Federal Financial Regulatory Reform Law on Reinsurance and Surplus Lines Insurance

    On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act.
    United StatesFinance and Banking
    Dentons
    Dentons
  • Article

    Arbitrators To Decide If Reinsurance Rebilling After Final Arbitration Award Is Precluded

    What happens when, after a reinsurance arbitration over how the ceding company billed the reinsurer is resolved in the reinsurer's favor with a final award confirmed by the court...
    United StatesLitigation, Mediation & Arbitration
    Squire Patton Boggs LLP
    Squire Patton Boggs LLP
  • Article

    "Over? Did You Say 'Over'?" Determining The Preclusive Effect Of An Earlier Arbitration Award

    In Nat'l Cas. Co. v. Cont'l Ins. Co., 2024 U.S. App. LEXIS 29826 (7th Cir. Nov. 22, 2024), the United States Seventh Circuit Court of Appeals recently held that under the Federal Arbitration Act...
    United StatesLitigation, Mediation & Arbitration
    Phelps Dunbar LLP
    Phelps Dunbar LLP
  • Article

    Mintz IRA Update — Redesigning Part D For CY 2026

    The Inflation Reduction Act of 2022 (IRA) adopted many changes to the Medicare Part D program and plan benefit design.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
  • Article

    Arbitrator's Decision On Availability Of Collective And Class Arbitration Withstands Procedural And Substantive Challenges

    A Colorado federal court recently denied DISH Network ("DISH")'s petition to vacate an arbitration award that decided an arbitration agreement with former employee Ray permitted collective or class certification.
    United StatesInsurance
    Carlton Fields
    Carlton Fields
  • Article

    Eyeing AI: Artificial Intelligence And Its Increasing Impact On The Insurance Industry

    The use of artificial intelligence ("AI"), which may be defined as the development of computer systems able to perform tasks normally associated with human intelligence ...
    United StatesInsurance
    Mayer Brown
    Mayer Brown
  • Article

    Fourth Circuit Reverses Ruling That Reinsurance Agreement Is An "Insurance Contract" Under Virginia Law

    Applying the doctrine of judicial estoppel, a district court refused to compel arbitration finding that the arbitration clause in a reinsurance agreement was unenforceable under a Virginia statute ...
    United StatesInsurance
    Carlton Fields
    Carlton Fields
  • Article

    Hawaii District Court Finds Faulty Workmanship Not An Occurrence Under CGL Policy In Construction Defect Case

    In a recent case, the United States District Court for the District of Hawaii, applying Hawaii state law, granted Nautilus Insurance Company’s motion for summary judgment on its complaint for declaratory judgment and held that Nautilus did not have a duty to defend or indemnify defendant 3Builders, Inc. for alleged damages flowing from the faulty installation.
    United StatesInsurance
    Steptoe LLP
    Steptoe LLP
  • Article

    Insurance Law Update

    The California Court of Appeal reversed the trial court's ruling that confirmation of Fuller-Austin Insulation Company's bankruptcy plan triggered its excess insurers' indemnity obligations for present and future asbestos-related claims.
    United StatesInsurance
    Duane Morris LLP
    Duane Morris LLP
  • Article

    Latin American Insurance And Reinsurance Trends: Microinsurance

    Approximately one-fourth of Latin America’s 569 million residents live on less than $2 per day, and many Latin Americans do not have any type of insurance.
    United StatesInsurance
    Edwards Angell Palmer & Dodge LLP
    Edwards Angell Palmer & Dodge LLP
  • Article

    US NAIC Summer 2022 National Meeting Highlights: Climate And Resiliency

    On August 11, 2022, the Climate and Resiliency Task Force met at the Summer 2022 National Meeting of the National Association of Insurance Commissioners.
    United StatesInsurance
    Mayer Brown
    Mayer Brown
  • Article

    Wisconsin Supreme Court Reaffirms Four-Corners Rule For Insurers' Duty To Defend

    An insurer's decision whether to defend a lawsuit against its insured can be a critical issue involving tens of thousands, if not millions, of dollars for Wisconsin companies who are sued.
    United StatesInsurance
    Foley & Lardner LLP
    Foley & Lardner LLP
  • Showing 321–340 of 583 results

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