Mondaq USA: Insurance
Kilpatrick Townsend & Stockton LLP
Insurance coverage for cyber attacks and privacy breaches is not a novelty anymore; it is a necessity.
Following the success of its inaugural ILS Insight in Zurich last year, Guernsey Finance is hosting a follow up event on Wednesday 18 March at the British Museum in London.
Advocate Kate Storey, counsel for corporate and commercial at law firm Appleby in Guernsey, discusses how pension schemes are using ICCs to transfer longevity risk.
Dominic Wheatley (DW), chief executive of Guernsey Finance, spoke to Global Reinsurance on captives and Insurance Linked Securities (ILS).
Dickinson Wright PLLC
Early into the 114th Congress, multiple bills have already been introduced that would repeal the insurance industry’s limited antitrust exemption granted by the McCarran-Ferguson Act.
Insurers often provide their policyholders a defense pursuant to the duty to defend even though they disagree that the policy covers the underlying claims at issue.
In a case that has been closely watched by the oil and gas industry and its insurers, the Supreme Court of Texas issued its opinion in In re Deepwater Horizon on February 13, 2015.
Hunton & Williams
On May 4, 2007, City Art, Inc., the policyholder, was sued by DK Art Publishing, Inc., in a wide-ranging complaint alleging 20 causes of action involving thousands of art pieces...
Rumberger, Kirk & Caldwell, P.A.
In Chase v. Horace Mann Ins. Co., 2015 WL 686093 (Fla. February 19, 2015), the Florida Supreme Court addressed the amount of uninsured motorist (UM) coverage available under the auto insurance policy.
Clyde & Co
The recently enacted Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA) provides for the establishment of a National Association of Registered Agents and Brokers (NARAB).
While there have been a number of high-profile data breaches in recent years, there have been few coverage lawsuits arising out of these breaches, presumably because cyber insurers have been paying claims.
Reed Smith
On February 13, 2015, the Texas Supreme Court, in response to certified questions from the Fifth Circuit, held that BP was only entitled to limited coverage for Macondo related claims as an Additional Insured under Transocean’s insurance policies.
Strasburger & Price, L.L.P.
Additional insured provisions are a common risk allocation technique.
Clyde & Co
As a general matter, non-US reinsurers must post 100% collateral for reinsurance assumed from a US ceding company in order for the ceding company to receive credit for reinsurance on its statutory financial statements.
Ostrow Reisin Berk & Abrams
According to the ABA, 5% to 6% of all private attorneys face legal malpractice charges each year.
Reed Smith
The Supreme Court answered the first question in the negative, and therefore did not reach the second question.
Reed Smith
Pennsylvania courts continue to struggle with complex concepts underpinning when faulty workmanship can be an "occurrence" triggering coverage under Commercial General Liability policies.
Reed Smith
The New York Department of Financial Services announced last week a series of measures it plans to take "to help strengthen cyber hacking defenses at insurers."
Being the last insurer to the settlement table may have lost some of its luster in California.
Policyholders hope and expect that their insurance companies will work with them to resolve claims promptly and fairly.
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Fox Rothschild LLP
Last week, the IRS issued its "final" versions of the forms 1094-B, 1094-C, 1095-B and 1095-C along with instructions for the "B" forms and instructions for the "C" forms.
Littler Mendelson
On August 28, the IRS released draft instructions for completing health insurance reporting forms required under the Affordable Care Act.
Reed Smith
Subrogation is the principle under which an insurer that has paid a loss under an insurance policy is entitled to all of the rights and remedies belonging to the insured.
Duane Morris LLP
The National Association of Insurance Commissioners is forging ahead with its work on captive insurance companies used by life insurance companies to finance reserves required under current regulations.
Jones Day
The Affordable Care Act ("ACA") infuses new complexities into collective bargaining negotiations over health insurance benefits.
Littler Mendelson
On January 10, 2014, the Internal Revenue Service released final regulations governing the employer shared responsibility provisions of the Affordable Care Act.
Duane Morris LLP
The following are select tax topics affecting individuals and businesses for tax year 2014. Several issues of significance to individuals and businesses for 2013 remain relevant for 2014 and are noted below.
Fisher & Phillips LLP
Almost all healthcare providers and health plan administrators are familiar with the detailed requirements of the privacy and security rules under HIPAA.
Reed Smith
On February 2, 2015, the Obama Administration released its proposed federal budget for fiscal year (FY) 2016.
Although HIPAA does not create a private cause of action, a recent Indiana Superior Court jury verdict indicates that HIPAA could still play an important role in private causes of action in state court based on negligence and professional liability as it relates to confidentiality.
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