Mondaq USA: Insurance
Womble Bond Dickinson
In light of Brexit-related concerns over continuity of service in the insurance sector, the London Market Group (LMG) has issued a proposal to the UK government detailing a mechanism whereby both...
Four recent cost of insurance (COI) decisions were handed down over the summer of 2017.
Wilson Elser Moskowitz Edelman & Dicker LLP
Mauril Aldophe thought he had a personal injury payday coming from Beck's Towing of Boynton Beach, Florida. He told police and a medical clinic that a tow truck had rear-ended him.
Womble Bond Dickinson
Following the publication of the Risk Transfer Regulations 2017 earlier this week, the PRA has now published the updated versions of Policy Statement (PS 26/17)...
Carlton Fields
However, the court granted, among other requests, FFIC's motion to preclude Utica from introducing judicial decisions or settlements involving other insurer's challenges to Utica's aggregate limit position.
Carlton Fields
After 14 years, the Commissioner of Insurance of the Virgin Islands has been discharged as conservator of Phoenix Fire and Marine Insurance Company.
Akin Gump Strauss Hauer & Feld LLP
This is a significant step backward from the general trend, which has been to approve these arrangements because they ultimately benefit consumers.
Carlton Fields
These agreements are allowed and enforceable under Florida law.
Carlton Fields
On November 7, 2017, the Commissioner of Insurance for the State of Wisconsin issued an order approving a new rule to be added to Section Ins. Ch. 52, Wis. Adm. Code. The rule is intended to modernize Wisconsin's credit for reinsurance provisions by aligning them with the Nonadmitted and Reinsurance Reform Act of 2010 and amendments to the NAIC Credit for Reinsurance Model Law.
Womble Bond Dickinson
The International Association of Insurance Supervisors has opened a consultation on a draft paper setting out issues on Index-based Insurances.
Carlton Fields
Northern District Of Georgia Orders Cedent To Produce Information On Its Payment Of Claims.
Holman Fenwick Willan LLP
This year's devastating floods have highlighted the issue of flood underinsurance in the US Hurricanes Harvey and Irma wrought havoc upon a number of US states in August and September...
Butler Snow LLP
We have noted, again and again, examples of disappointed Additional Insureds. Today we report that at least one Additional Insured has left the Courthouse smiling.
Cadwalader, Wickersham & Taft LLP
President Donald J. Trump nominated Thomas Workman to be a Member of the Financial Stability Oversight Council.
Wilson Elser Moskowitz Edelman & Dicker LLP
Those who have homes or spend time at the "Jersey shore" cannot help but be reminded of Superstorm Sandy during this brutal 2017 hurricane season.
Day Pitney LLP
New York once strictly enforced notice requirements in insurance policies, but the Legislature changed the law to require that a liability insurer must show prejudice in order to rely on a late-notice defense
Reed Smith
The Supreme Court of Appeals of West Virginia has made it harder for policyholders to prevail on claims of common law bad faith against insurers in that state. In State of West Virginia ex rel. State Auto Property Insurance Companies v. Stucky, ...
Womble Bond Dickinson
The FSB will review the situation in November 2018 based on IAIS' progress on its approach.
Clyde & Co
North America based Clyde & Co lawyers answer important questions in the Reinsurance industry.
As part of the process of renewing or replacing legal malpractice insurance, law firms are typically required to complete an application.
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Carlton Fields
Debtors not required to give lender notice and opportunity to cure violations of consumer protection statutes; lender not entitled to bona fide error defense.
Carlton Fields
A weekly summary of select real property, financial services, and title insurance cases and recent developments, presented by Carlton Fields' Real Property Litigation and Consumer Finance practice groups.
Sedgwick LLP
Cyber risks are among the most pervasive risk s of our time. They impact all industries that purchase insurance, and all lines of insurance.
Stroock & Stroock & Lavan LLP
On November 9, 2017, the Senate Republicans released their version of the sweeping tax reform plan. Although the Senate Plan has many proposals that are similar to those in the House Bill...
Holland & Knight
Under the ACA, insurers may forgo directly reimbursing out-of-network hospitals for emergency care, and instead adjudicate and administer claims directly with individual patients, a district court held earlier this month.
Carlton Fields
These agreements are allowed and enforceable under Florida law.
Farella Braun & Martel
Farella's Insurance Recovery Group lawyers regularly collaborate with and learn from different players and functions within the insurance industry.
Carlton Fields
On November 24, while everyone was recuperating from their Thanksgiving feast, the NAIC's Annuity Suitability Working Group circulated the Working Group Chair's draft of proposed revisions to the Suitability in Annuity Transactions Model Regulation (#275) ...
Carlton Fields
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.
Troutman Sanders LLP
The Court of Appeals of New York in Carlson v. American Intl. Group, Inc., 2017 N.Y. LEXIS 3280, No. 47, (N.Y. Nov. 20, 2017) overturned the lower court's determination that N.Y. Insurance Law § 3420 ...
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