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Searching Content indexed under Reinsurance by Reed Smith ordered by Published Date Descending.
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Policyholders Beware: AIG-NICO Deal Requires Caution
American International Group, Inc. ("AIG") recently announced that it entered into a significant reinsurance agreement with a subsidiary of Berkshire Hathaway Inc. ("Berkshire").
United States
3 Feb 2017
2
Reinsurance Deal Raises Red Flags
American International Group, Inc. ("AIG") recently announced that it entered into a significant reinsurance agreement with a subsidiary of Berkshire Hathaway Inc. ("Berkshire").
United States
3 Feb 2017
3
Third Circuit Affirms Summary Judgment For M&T In RESPA Class Action Involving Private Mortgage Insurance Reinsurance
Andrew Soven, Dan Booker and Molly Campbell secured a precedential Third Circuit victory of a putative class action asserted against firm client M&T Bank Corp. and its subsidiaries.
United States
3 Mar 2016
4
Policyholders with Long-Tail Claims Under Liberty Mutual Policies Should Be Prepared for 'Sea Change' in Claims Handling After Berkshire Hathaway Deals
On July 17, 2014, Liberty Mutual Insurance Company announced that it had entered into a multi-billion-dollar "retroactive reinsurance" arrangement with National Indemnity Company ("NICO"), a subsidiary of Berkshire Hathaway, Inc., with respect to asbestos, environmental, and other "long tail" exposures under all insurance and reinsurance in effect prior to January 1, 2005.
United States
19 Jul 2014
5
New York Court Of Appeals Embraces A More Policyholder – Friendly Stance On Insurer’s Duty To Defend
Policyholders received a boost of support from a New York Court of Appeals on Tuesday when the court held that an insurer is precluded from using policy exclusions as a means to escape its duty to indemnify a claim if it previously breached its duty to defend its policyholder by improperly denying coverage.
United States
24 Jun 2013
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