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Morrison Mahoney LLP
A second small crack has appeared in the heretofore unbroken wall of insurer appellate victories. In Marina Pacific Hotel & Suites v. Firemans Fund Ins. Co., No. B316501 (Cal. App. July 13, 2022), ...
Kramer Levin Naftalis & Frankel LLP
Regulation of insurance company solvency is a key pillar of insurance law worldwide, and in the United States no less than elsewhere. In the US's state-based regulatory system...
Kramer Levin Naftalis & Frankel LLP
New York Senate Bill S9006, which passed the Senate on 31 May 2022 ('New York GCC Bill'), is ‘[a]n act to amend the insurance law, in relation to group capital calculations...
Adams and Reese
After Louisiana citizens endured two consecutive prolific hurricane seasons in 2020 and 2021, state lawmakers made the adjustment of property insurance claims...
Freeman Mathis & Gary
The idea of "Future Shock"—that an accelerated pace of change causes social and psychological disruptions—dates from Alvin Toffler's 1970 book of the same name.
Jones Day
The Ninth Circuit recently affirmed a lower court ruling rejecting a D&O insurer's overly broad interpretation of an "Insured vs. Insured" exclusion.
Wiley Rein
The Superior Court of Pennsylvania, applying Pennsylvania law, has affirmed a trial court's decision that coverage is not available under a claims-made policy where no "claim" was made...
McGlinchey Stafford
Certain conditions must be met in order for the split-dollar life insurance arrangement not to constitute an improper extension of credit.
Cadwalader, Wickersham & Taft LLP
On July 25, the Federal Deposit Insurance Corporation ("FDIC") announced amendments to its Enforcement Actions Manual.
Collins Einhorn Farrell
As one of the first states to adopt a no-fault automobile insurance system, the Michigan nofault act is often looked to as a model for this type of auto-reparation scheme.
Wiley Rein
In a win for Wiley's client, the Los Angeles County Superior Court, applying California law, granted an insurance tower's motion for summary judgment, ...
Morrison Mahoney LLP
The Sixth Circuit has ruled that a "contamination" exclusion precludes coverage for an Ohio insured's COVID claims, declaring in Dana, Inc. v. Zurich American Ins. Co., No. 21-4160 (6th Cir. July 6, 2022)(unpublished) ...
Bilzin Sumberg Baena Price & Axelrod LLP
This podcast, "How Exit Crime, Insider Threats Are Creating Challenges for Insurers," featuring Philip R. Stein, Bilzin Sumberg's Litigation Practice Group Leader...
Blue J Legal
In our monthly Blue J Predicts column, we use tax research software to analyze pending or recently decided federal income tax cases.
Dykema
A merger involving MPM Holdings Inc. closed on May 15, 2019, which spurred a pre-closing 220 demand, three appraisal actions, and a stockholders' class action.
Lewis Brisbois Bisgaard & Smith LLP
Musso & Frank contended that the shutdown caused it to lose the use of the premises.
Lewis Brisbois Bisgaard & Smith LLP
Insurance Code section 533 is imputed into liability insurance policies under California law and applies to exclude coverage for liability of an insured for its willful acts.
Lewis Brisbois Bisgaard & Smith LLP
UTA purchased property insurance policies from Vigilant and Federal, which included "business income and extra expense" provisions, as well as a "civil authority" provision.
Lewis Brisbois Bisgaard & Smith LLP
Ghukasian purchased a homeowner's policy from Aegis for the period of June 13, 2018 to June 13, 2019.
Lewis Brisbois Bisgaard & Smith LLP
(August 10, 2022) - The Russia-Ukraine conflict has far-reaching implications for the insurance industry and for insurers and insureds alike. Many corporate policy holders...
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