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Matson Driscoll & Damico
Business Interruption risk was the top ranked risk for the sixth year in a row according to The Allianz Risk Barometer 2019
Wilson Elser Moskowitz Edelman & Dicker LLP
In an order dated December 15, 2020, a California federal court found in favor of an insurance broker, dismissing a professional negligence claim whereby the plaintiffs alleged that the broker failed to procure ...
Mayer Brown
In February 2020, the Organization for Economic Cooperation and Development ("OECD") released Transfer Pricing Guidance on Financial Transactions ("Guidance").
Cooley LLP
At the National Association of Insurance Commissioners (NAIC) Fall 2020 National Meeting held in December, the Property and Casualty Insurance (C) Committee adopted the Regulatory Review...
Kramer Levin Naftalis & Frankel LLP
New York-licensed insurers that write life and annuity products should consider possible balance-sheet implications for in-force variable business...
FTI Consulting
A recently-filed Daubert motion in a class action suit against an auto insurance company showed that "expert" testimony on the value of damaged cars repaired like new just didn't add up.
Cadwalader, Wickersham & Taft LLP
On December 4, 2020, the IRS and Treasury issued final and proposed regulations addressing the passive foreign investment company (PFIC) rules.
Kramer Levin Naftalis & Frankel LLP
Insurance Transaction and Regulatory partner Daniel A. Rabinowitz's article titled "What Insurance Pros Should Know About MGA Regulation" appeared in NU Property 360° on Dec. 21, 2020
Fennemore Craig
Life insurance proceeds paid to the insured policy owner's estate at death are not exempt from the claims of the creditors of the estate.
Lewis Brisbois Bisgaard & Smith LLP
In St. Mary & St. John Coptic Orthodox Church v. SBS Insurance Services, Inc., ----Cal.App.5th--- (November 23, 2020), the California First District Court of Appeal reversed the ...
Lewis Brisbois Bisgaard & Smith LLP
In Truck Ins. Exch. v. AMCO Ins. Co., 56 Cal.App.5th 619 (October 26, 2020), the California Second District Court of Appeal affirmed the trial court's entry of judgment in favor...
Lewis Brisbois Bisgaard & Smith LLP
In Auburn Woods HOA v. State Farm Gen. Ins. Co., 56 Cal.App.5th 717 (October 28,2020) (certified for partial publication), the California Third District Court of Appeal affirmed the trial court's...
Cooley LLP
On 11 December, the Financial Conduct Authority published draft guidance on how the presence of COVID-19 can be proved where that is a necessary element of establishing a business interruption claim on a property damage policy.
White & Williams LLP
How Are Insurers And Policyholders Faring in COVID-19 Business Interruption Coverage Litigation?
Butler Weihmuller Katz Craig LLP
The Holiday Season is here, but what if the celebrations don't always bring cheer? Host Aaron Jacobs presents the "Holiday Havoc" series featured on Butler's Subro Sense Podcast
Cooley LLP
On December 9, the National Association of Insurance Commissioners' executive committee unanimously adopted an amendment to the NAIC Unfair Trade Practices Act, referred to herein as the Model Act...
Kramer Levin Naftalis & Frankel LLP
New York-domiciled insurers may soon be able to take advantage of more-relaxed provisions on balance sheet credit for reinsurance where the assuming reinsurer is in a "reciprocal" jurisdiction to the United States.
Mayer Brown
Corporate & Securities partner Christian Fabian (Chicago) co-authored Chapter 49 in the book "The Comprehensive Guide to Economic Damages, Sixth Edition."
Miller Friel
It is not too often that the sport of golf and insurance intersect in an outrageous fashion.
Stradley Ronon Stevens & Young, LLP
In order to give our clients and friends some perspective on how insurance is intended to work, we are issuing two client alerts...
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