Mondaq USA: Insurance
Mayer Brown
As reported in our prior bulletins, on 18 July 2013 the International Association of Insurance Supervisors published a methodology for identifying global systemically important insurers together with a set of policy measures that will apply to such insurers.
Shearman & Sterling LLP
The European Parliament published the provisional edition of a legislative resolution to adopt the Commission’s proposed Omnibus II Directive.
GuernseyFinance
Fiona Le Poidevin of Guernsey Finance discusses the progression of cell companies in Guernsey and what the future holds for the industry.
GuernseyFinance
The choice of domicile for ILS transactions was among the hot topics discussed by leading industry players at a Guernsey Finance-hosted thought leadership event in the reinsurance centre of Zurich on Wednesday 2 July.
Proskauer Rose LLP
How is a policyholder supposed to obtain coverage under a policy that requires the insured to bring its claim within two years of the loss and also imposes preconditions on bringing a claim that cannot reasonably be satisfied within two years?
Proskauer Rose LLP
This year, the Supreme Court of Appeals of West Virginia issued an important decision concerning whether a carbon monoxide leak is a single or multiple occurrence under a liability insurance policy.
Proskauer Rose LLP
A recent pair of opinions from New York and Pennsylvania shows the importance of evaluating all parts of director and officer (D&O) insurance coverage, down to each definition.
Anderson Kill
What happens when a hotel suffers property damage, whether by natural disaster or man-made accident, and is forced to close some or all of its rooms, amenities or services?
Proskauer Rose LLP
Until recently, New York’s Insurance Law presented something of a dilemma for insurance companies concerning how quickly they were required to inform their policyholders that they were denying coverage for a claim.
Proskauer Rose LLP
A federal judge in Minnesota recently held that "restitution" paid to settle a class action lawsuit was covered under the terms of a professional liability policy.
Proskauer Rose LLP
SEC Commissioner Luis A. Aguilar emphasized that cybersecurity has grown to be a "top concern" of businesses and regulators alike.
Proskauer Rose LLP
Policyholders often are cautioned to provide notice of a claim to their insurance carrier as soon as possible to avoid the risk that the carrier will deny coverage.
Proskauer Rose LLP
The insurance industry is responding to the threat of data breaches by directing businesses facing that risk towards specific cyber insurance products.
Anderson Kill
What would happen to your business if a cyberattack disrupted online communications or transactions, shut down local or regional transportation, or caused a power outage?
Jones Day
In the world of insurance, words frequently have a defined or accepted meaning that is different from the popular or intuitive understanding of the term.
McGuireWoods LLP
Policyholders might expect that their directors’ and officers’ liability insurance policies would insure against U.S. Immigration and Customs Enforcement actions.
Drinker Biddle & Reath LLP
The Sixth Circuit recently addressed the question of whether an excess insurer must provide a defense when the primary insurer fails to do so.
Proskauer Rose LLP
Companies such as homebuilders, construction companies and contractors face significant financial risk from bodily injury and property damage claims.
Reed Smith
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.
Orrick
In early April, news broke of an encryption flaw named "Heartbleed" that exposed companies to data breaches for over two and one half years.
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Venable LLP
The Affordable Care Act (ACA) imposes new reporting requirements on employers and insurance companies offering health coverage.
Littler Mendelson
On January 10, 2014, the Internal Revenue Service released final regulations governing the employer shared responsibility provisions of the Affordable Care Act.
BakerHostetler
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.
Jones Day
The Affordable Care Act ("ACA") infuses new complexities into collective bargaining negotiations over health insurance benefits.
McGuireWoods LLP
No business is safe from privacy breaches and cyber attacks, and hackers grow more sophisticated each day.
McDermott Will & Emery
Recently issued final regulations on the employer reporting requirements under the Affordable Care Act clarify and streamline the process for reporting information relating to the provision of minimum essential coverage and health insurance coverage offered under employer-sponsored plans.
Reed Smith
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.
Proskauer Rose LLP
Companies such as homebuilders, construction companies and contractors face significant financial risk from bodily injury and property damage claims.
Proskauer Rose LLP
The insurance industry is responding to the threat of data breaches by directing businesses facing that risk towards specific cyber insurance products.
Littler Mendelson
Despite the many Affordable Care Act implementation delays, rules governing the healthcare law’s various provisions have not stopped coming.
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