Mondaq USA: Insurance
Carlton Fields
Vantage, the plaintiff, had purchased insurance from Assured Risk Transfer (ART) against the risk that a company to which Vantage had loaned $22 million would default.
Carlton Fields
In a case concerning a contract for the construction of a pipe conveyor system, ProEnergy Services, LLC, and its surety Western Surety Company (collectively, "ProEnergy") ...
Butler Weihmuller Katz Craig LLP
Because there can be more than one individual or entity that holds an interest in property, a property insurance policy is generally drafted in such a way to identify and protect all the individuals or entities ...
Butler Weihmuller Katz Craig LLP
Florida law allows an insured to recover attorney's fees if the insured prevails in a lawsuit against the insurer for insurance benefits. See § 627.428, Florida Statutes.
Wilson Elser Moskowitz Edelman & Dicker LLP
This likely will precipitate a review of the preemption defense available to claims arising under the NFIP.
Hunton Andrews Kurth LLP
Hurricane Florence has yet to make landfall, but the storm has already wreaked havoc on this weekend's college football schedule, concerts, and other events. West Virginia and NC State postponed...
Pryor Cashman LLP
Hurricane Florence's rapid track toward Virginia and the Carolinas is marking a somber anniversary, with September 2017 capping the costliest hurricane season ever recorded.
Carlton Fields
Effective July 24, 2018, New Mexico adopted the NAIC Credit for Reinsurance Model Regulation. New Mexico adopted the Model Rule as "part of a broad effort to modernize reinsurance regulation ...
Hunton Andrews Kurth LLP
Hurricane Florence will affect the U.S. east coast later this week with significant damage to property and resulting business disruption. Businesses far-removed from the impact zone...
Hunton Andrews Kurth LLP
The Sixth Circuit recently upheld dismissal of KVG Properties, Inc.'s claims under a first-party property policy arising from damage to KVG's office spaces due to tenants' use
Hunton Andrews Kurth LLP
It's that time of year again, when the surf churns and the winds howl to a piercing whistle and insurance companies seemingly forget that you've faithfully paid exorbitant premiums for years.
Akin Gump Strauss Hauer & Feld LLP
Over the past several years, tech-savvy players and start-ups have been bursting into the insurance sector in droves.
Jones Day
With Hurricane Lane having battered the Hawaiian islands, businesses will soon look to secure insurance recoveries for the severe property damage and business income losses left in its wake.
Carlton Fields
The follow the fortunes (or follow the settlements) doctrine has been an important part of many reinsurance relationships.
Carlton Fields
QBE Seguros brought a successful action declaring a marine insurance policy was void ab initio under the doctrine of uberrimae fidei and the breach of the warranty of truthfulness in the application for insurance.
Carlton Fields
A district judge in the Eastern District of California has ordered a third-party insurance broker to comply with a subpoena from defendants seeking documents related to that broker's sale of
Carlton Fields
The court refused to "look behind" and nullify that agreement based on defendant's allegations, particularly where there were no allegations of fraud or mistake in the issuance of the note.
Carlton Fields
Capitol Life Insurance Co. partially prevailed, and partially failed, its effort to overturn unfavorable grants of summary judgment in a recent dispute regarding an annuity policy written by Capitol.
Carlton Fields
We have previously reported on the NAIC's strategy of assisting the states in the implementation of the Covered Agreement through revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation ("the Models").
Carlton Fields
On July 31, 2018, President Trump signed the National Flood Insurance Program Extension Act of 2018.
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Wilson Elser Moskowitz Edelman & Dicker LLP
The autonomous motor vehicle industry is growing exponentially. Various automobile manufacturers, including Audi, Ford, Volkswagen, GM, BMW, Toyota, Tesla, and Nissan, have announced that they plan to sell fully autonomous motor vehicles by 2021.
Carlton Fields
Once again, the SEC's Office of Compliance Inspections and Examinations (OCIE) has made variable insurance products an exam priority.
Morgan Lewis
US District Judge Manish S. Shah in the Northern District of Illinois last week denied insurers' motion to dismiss a pharmaceutical company's action seeking insurance coverage for the costs associated with...
Freeborn & Peters LLP
Electronic communications are ubiquitous in modern society. Companies now rely on the internet, email, text messages, social media and artificial intelligence chatbots to compete.
Moritt, Hock & Hamroff LLP
The New York Court of Appeals (New York's highest court) recently held that being named as an additional insured on a Certificate of Insurance might not, by itself, provide any coverage for additional insureds.
Hunton Andrews Kurth LLP
Whether an insurance bad faith claim, joined by amendment to an underlying insurance coverage action, may be removed more than a year after the original action was begun ...
Cadwalader, Wickersham & Taft LLP
The DOJ and U.S. Attorney's Office for the Eastern District of New York (collectively, the "Department") closed an investigation of the Insurance Corporation of Barbados Limited ("ICBL") concerning alleged violations of the Foreign Corrupt Practices Act ("FCPA").
Anderson Kill
Opioid producers and distributors have turned to their insurance companies for relief from litigation, triggering a fierce fight.
Carlton Fields
In this age of exponentially increasing technology, we can rely on one certainty in property casualty jurisprudence – that is, bold policyholder assertions supported by even bolder "expert" opinions.
Miller Friel
The starting point for any organization seeking to understand cyber insurance claims and coverage is to understand potential cyber-related losses.
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