Mondaq USA: Insurance > Reinsurance
Orrick
An impact assessment and executive summary were published alongside the Delegated Regulation.
Carlton Fields
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 ...
Cadwalader, Wickersham & Taft LLP
The SEC and the CFTC declined to issue a joint interpretation on whether a particular agreement is classified as a swap, security-based swap, or mixed swap.
Foley & Lardner
On June 6, 2017, a federal district court in Menichino v. CitiBank rejected an interpretation of the RESPA Section 8 statute of limitations espoused by the CFPB in captive reinsurance cases, ...
Carlton Fields
The International Association of Insurance Supervisors ("IAIS") recently released proposed revisions to the existing version of its Insurance Core Principle 13 regarding "Reinsurance...
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
There is large cohort of American workers who, before the ACA, were not offered major medical coverage under an employer-sponsored group health plan.
Carlton Fields
A New York court compelled the arbitration of a claim under a reinsurance agreement, rejecting the plaintiff reinsurer's claim that the reinsurance policy is void because the reinsured issued an underlying insurance policy which did not comply with the requirements stated in the reinsurance contract. In doing so, the court held that the plaintiff raised an issue of the interpretation of the reinsurance contract, rather than the formation of the contract.
Carlton Fields
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.
Carlton Fields
A refinery operator ("Wulfe"), sued his former employer alleging several employment related claims, including a claim under the California Private Attorneys General Act (PAGA).
Carlton Fields
The New Hampshire liquidation court approved the commutation, settlement, and release agreement between The Home Insurance Company (liquidating) and OIC Run-Off Limited (formerly known as The Orion Insurance Company) (OIC) and The London Overseas Insurance Company Limited (formerly known as The London and Overseas Insurance Company Plc) (L&O).
Carlton Fields
The Court of Appeal of England and Wales approved the judgment of the trial court in a reinsurance dispute between Axa and Arab Insurance Group (Arig) related to certain insured energy construction risks.
Carlton Fields
Bordelon Marine, LLC sued Bibby Subsea ROV, LLC for damages and for writ of attachment arising out of a disagreement over the chartering of an offshore vessel.
Carlton Fields
Three recent opinions issued by courts highlight the scope and limitations of a party's right to discovery of reinsurance, reserve and allegedly privileged information in insurance coverage disputes.
Carlton Fields
In a lengthy opinion, the court granted in part and denied in part the motion to dismiss.
Carlton Fields
In 1986, Pine Top Insurance Company became insolvent and was placed into liquidation.
Carlton Fields
"Agreements to arbitrate claims for public injunctive relief under [California's Consumers Legal Remedy Act or Unfair Competition Law], or the false advertising law are not enforceable in California."
Carlton Fields
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.
Carlton Fields
The district court began with the question of it jurisdiction over the matter, repeating the well-established rule that the Federal Arbitration Act does not create an independent basis for jurisdiction in federal court.
Carlton Fields
On March 6, 2017, the Governor of South Dakota signed into law House Bill 1045 conforming South Dakota law to the current version of the Credit for Reinsurance NAIC Model Law (Model 785).
Carlton Fields
Utica argued that the undisputed facts established a reasonable basis for the settlement, while FFIC argued that they established Utica's bad faith.
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Carlton Fields
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.
Carlton Fields
A New York court compelled the arbitration of a claim under a reinsurance agreement, rejecting the plaintiff reinsurer's claim that the reinsurance policy is void because the reinsured issued an underlying insurance policy which did not comply with the requirements stated in the reinsurance contract. In doing so, the court held that the plaintiff raised an issue of the interpretation of the reinsurance contract, rather than the formation of the contract.
Carlton Fields
The New Hampshire liquidation court approved the commutation, settlement, and release agreement between The Home Insurance Company (liquidating) and OIC Run-Off Limited (formerly known as The Orion Insurance Company) (OIC) and The London Overseas Insurance Company Limited (formerly known as The London and Overseas Insurance Company Plc) (L&O).
Carlton Fields
A refinery operator ("Wulfe"), sued his former employer alleging several employment related claims, including a claim under the California Private Attorneys General Act (PAGA).
Sedgwick LLP
New York's highest court delivered one of the most notable opinions in years when it put a dent in the pro-rata regime for allocation of loss that occurs over multiple policy periods.
Carlton Fields
Three recent opinions issued by courts highlight the scope and limitations of a party's right to discovery of reinsurance, reserve and allegedly privileged information in insurance coverage disputes.
Carlton Fields
The Court of Appeal of England and Wales approved the judgment of the trial court in a reinsurance dispute between Axa and Arab Insurance Group (Arig) related to certain insured energy construction risks.
Carlton Fields
Bordelon Marine, LLC sued Bibby Subsea ROV, LLC for damages and for writ of attachment arising out of a disagreement over the chartering of an offshore vessel.
Reed Smith
American International Group, Inc. ("AIG") recently announced that it entered into a significant reinsurance agreement with a subsidiary of Berkshire Hathaway Inc. ("Berkshire").
Carlton Fields
In 1986, Pine Top Insurance Company became insolvent and was placed into liquidation.
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