Mondaq USA: Insurance
Milbank LLP
Milbank Partner Chris Gaspar recently commented in an article, "When AI Invents, Thorny Questions Follow For Patent Law," published by Law360.
Squire Patton Boggs LLP
Human trafficking is a serious problem. The current news cycle is filled with stories about human trafficking in the context of immigration and with recent criminal proceedings accusing the rich
Squire Patton Boggs LLP
Construction projects are often subject to myriad claims. Subcontractors can cause damage to third-parties and their property, the project can be delayed by municipal
Squire Patton Boggs LLP
Liability insurance policies are meant to cover claims brought against insureds by third-parties alleging a fortuitous event that causes damages
Squire Patton Boggs LLP
In a recent case, a parent company took out a crime insurance policy for itself and its subsidiaries. When a property manager for its subsidiary
Cozen O'Connor
In late July, the South Carolina Supreme Court handed down a helpful ruling for insurers when it held that, if an insured fails to give notice to his automobile insurer of a pending claim, the insurer may deny coverage ...
Gibson, Dunn & Crutcher
On August 2, 2019, the Manhattan Supreme Court invalidated as unconstitutional New York State Insurance Regulation 208 a sweeping regulation adopted in late 2017 by the New York State Department of Financial Services.
DLA Piper
Traditionally, there have been many benefits to organizing reinsurance companies outside of the US, Bermuda, Ireland and Puerto Rico being preferred locations.
Squire Patton Boggs LLP
Directors and Officers ("D&O") insurance policies have been written on a claims-made basis for decades.
Shipman & Goodwin LLP
Can an employer provide health care coverage for its employees by simply setting aside cash for them on a tax-favored basis (in an HRA - a health reimbursement arrangement), and otherwise get out of the complexities of...
Squire Patton Boggs LLP
Remember my recent post on how broad the duty to defend was?
Kramer Levin Naftalis & Frankel LLP
The New York Department of Financial Services' (DFS) January 2019 insurance circular letter, illustrates the emerging regulatory landscape surrounding these tools.
Mayer Brown
The NAIC Valuation of Securities (E) Task Force will have its first opportunity to consider the SVO's recommendation at its meeting on August 4, 2019.
Mayer Brown
FDIC has detailed rules relating to account identification and recordkeeping in order to facilitate the determination of who is entitled to FDIC insurance payments in the event of the failure of an insured institution.
Squire Patton Boggs LLP
Finding that the provision could apply to either or both situations, the court denied the motion and set the case down for trial.
Squire Patton Boggs LLP
Statutes and case law make it tough for insurance companies to disclaim coverage. In most jurisdictions, if an insurance company receives a claim or tender it must respond quickly
Squire Patton Boggs LLP
Insurance policies often have general exclusions for known losses or prior acts. The reason for this is that most insurance is for fortuitous risks–risks that will take place
Squire Patton Boggs LLP
Under New York law, the rules for a timely disclaimer arising out of an auto accident are found in Insurance Law section 3420(d)(2).
Squire Patton Boggs LLP
So what happens when you run over a gas line with a wheeled electronic recycling bin in a residential building and rupture the gas line?
Cadwalader, Wickersham & Taft LLP
The FDIC adopted two rule amendments designed to streamline the process for making insurance determinations when a bank is placed into receivership.
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Butler Snow LLP
Many state legislatures across the country have enacted statutory measures to limit the amount of compensatory and/or punitive damages recoverable ...
Day Pitney LLP
On June 26, Gov. Lamont signed into law Connecticut's new Insurance Data Security Law, implementing a new regime of information risk management and event reporting requirements for insurance "licensees."
Fisher Phillips LLP
Many in the risk management community may be surprised to learn that workers compensation is not the exclusive remedy for their injured employees.
Holland & Knight
The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) recently made several changes to the survey form for the mandatory BE-140 Benchmark Survey of Insurance Transactions by U.S.
Mintz
On June 13, 2019, the Department of Health and Human Services (HHS), the Department of Labor (DOL), the Department of the Treasury
Lewis Brisbois Bisgaard & Smith LLP
In order to understand the impact of this decision, the underlying facts and procedural history are crucial.
Morrison & Foerster LLP
A Third Department decision denying deductibility of insurance premiums paid to a captive insurance company, upholding the decision of the New York State Tax Appeals Tribunal...
Cozen O'Connor
A property insurer, having paid for covered damage, can recover the loss by seeking reimbursement from its insured where the insured has recovered funds from a responsible third-party, ...
McLane Middleton, Professional Association
When two or more individuals start a new business venture, often the last thing they think about, or want to think about, is the day when they will no longer own the business together.
DLA Piper
A fact of business today is that customers – both consumers and other businesses – and employees expect to transact digitally
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