Searching Content indexed under Reinsurance by Duane Morris LLP ordered by Published Date Descending.
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Vietnam Insurance Guide
A project "ComFrame" set up by the Internationally Active Insurance Groups (IAIG related to IAIS), is planned to establish regulatory framework with mandatory standards.
24 Jan 2017
NAIC Summer 2015 Meeting: Certified Reinsurers
The Summer 2015 Meeting of the National Association of Insurance Commissioners (the "NAIC"), which concluded on August 18, saw further developments on issues that Duane Morris has been following.
United States
16 Sep 2015
NAIC Moving Forward On Regulation Of XXX/AXXX Financing Transactions
For more than two years, the NAIC has been addressing the use by life insurers of captive reinsurers to finance reserves for certain term life insurance policies.
United States
2 Sep 2014
Report To NAIC On Captives: The Controversy About Principle-Based Reserves And Captives Continues
The use by life insurance companies of captive reinsurance companies to finance XXX and AXXX reserves has been a significant and contentious issue in recent years
United States
27 Mar 2014
U.S. Third Circuit Court Of Appeals Holds Late Notice Denies Reinsurance Recovery
A disappointed ceding carrier is seeking reconsideration of a recent Third Circuit Court of Appeals case in which the court applied New York law to deny reinsurance coverage because of late notice.
United States
8 Oct 2012
U.S. Supreme Court Decision On Patient Protection And Affordable Care Act: Implications For Health Insurance Issuers
This Alert focuses on health insurance issuers and is part of a comprehensive series on the Court's ruling.
United States
9 Jul 2012
California Court Rules That Insurer Has No Duty To Defend Or Indemnify Prop. 65 Claim
In a unanimous decision on June 10, 2011—in Ulta Salon, Cosmetics & Fragrance, Inc. v. Travelers Property Casualty Co. - the California Court of Appeal for the Second District held that an insurer had no duty to defend or indemnify its insured for claims against the insured’s alleging violation of Proposition 65, the California Safe Drinking Water and Toxic Enforcement Act of 1986.
United States
19 Jul 2011
Have You Registered Under MMSEA? New Reporting Obligations And Penalties For Medicare Secondary Payers
Beginning on January 1, 2010, extensive new Medicare reporting obligations will apply to insurance companies and other businesses that make payments to Medicare beneficiaries as a result of litigation claims.
United States
19 Oct 2009
Federal District Court In Nevada Rules Insurer Has Right To Reimbursement For Settlement Monies Paid For Non-Covered Damages
In an important decision for the insurance industry in Nevada, on April 24, 2008, Duane Morris LLP, through partner Dominica Anderson, was successful in obtaining a ruling from the federal district court in Las Vegas that insurer Great American Insurance Company has the right to reimbursement for settlement monies it paid for work done by its insured, Distinctive Homes, and for other non-covered items (e.g., defects that do not constitute "property damage," i.e., "physical injury to tangible pro
United States
5 Jun 2008
New York´s Highest Court Permits Consequential Damages For Breach Of Commercial Property Insurance Policy Despite Policy Exclusion For "Consequential Loss"
The Court of Appeals of New York, the state's highest court, ruled on two separate cases contemporaneously on February 19, 2008, that extra-contractual consequential damages may be awarded for an insurer's breach of a commercial property insurance policy
United States
7 Mar 2008
California Supreme Court Sides With Law Firms On Issue Of Statute Of Limitations For Legal Malpractice Claims Against Former Law Firms
In a case that has been watched closely by law firms and insurers, on September 27, 2007, the California Supreme Court issued a unanimous opinion that reversed a Second Appellate District decision which held that the limitations period for a legal malpractice claim is tolled as to a law firm while one of the firm's former attorneys continues to represent the firm's former client in the same matter at a new law firm.
United States
22 Oct 2007
Cuba after Castro: The next Bermuda?
After Fidel Castro's death, could Cuba become the next Bermuda? There is no doubt that Bermuda holds a unique place in the insurance industry. More than 1,6000 insurance companies, with more than $200 billion in assets, and accepting more than $37 billion in premiums annually are registered in the self-governing British colony.
United States
1 Aug 2006
Insurance Law Update
The California Court of Appeal reversed the trial court's ruling that confirmation of Fuller-Austin Insulation Company's bankruptcy plan triggered its excess insurers' indemnity obligations for present and future asbestos-related claims.
United States
27 Feb 2006
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