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Results: 11-20 of 1,897

Florida Insurance Commissioner releases report on stranger-originated life insurance

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 20 2009

On February 5, 2009, the Florida Office of Insurance Regulation (“FOIR”) released a report entitled, “Stranger-Originated Life Insurance and the Use of Fraudulent Activity to Circumvent the Intent of Florida’s Insurable Interest Law” (the “Report”), based on testimony and documentation presented public information hearing on the issue of stranger-originated life insurance which “circumvent the insurable interest laws” (“STOLI”) on August 28, 2008

U.S. Court of Appeals for the Tenth Circuit finds that arbitration agreements in reinsurance contracts are enforceable under Oklahoma law

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 30 2009

General Reinsurance Corporation ("Gen Re") reinsured certain commercial excess liability policies issued by Mid-Continent Casualty Company ("Mid-Continent"

Due to material misrepresentations, Connecticut federal court permits rescission of $15 million life insurance policy following insured’s death

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 26 2009

The United States District Court for the District of Connecticut recently rescinded a $15 million life insurance policy following the insured’s death where the insurer discovered material misrepresentations in the insured’s policy application

Increased IRS scrutiny of captive insurance arrangements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 16 2013

Following a recent government victory in U.S. District Court in Texas, the captive insurance company industry stands generally on alert, viewing this

Washington appeals court: self-insured retention not “insurance” for purposes of subrogation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 29 2008

A Washington state appeals court recently ruled that an insured’s self-insured retention is not primary insurance for purposes of subrogation, and that the insured was therefore entitled to apply settlement amounts it received to its own defense costs prior to the insurer recovering any of the settlement funds

Recent developments in coverage for construction defect claims

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 31 2014

Construction defect litigation continues to escalate in jurisdictions around the country. As a result, coverage for defective work and ensuing

Kentucky law is found ambiguous by federal district court as to whether agents can be sued for bad faith and thus joinder of agent allowed even though destroys diversity

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 22 2010

In North American Specialty Insurance Co. v. John Paul Pucek, et al., Docket No. 5:09-CV-49 (JMH) (E.D.KY Nov. 4, 2009), the owners of a thoroughbred horse purchased an equine mortality insurance policy

Life insurance beneficiary files putative class action lawsuit against life insurer targeting unclaimed property practices

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 5 2013

A federal class action lawsuit was recently filed in Massachusetts against a leading life insurer targeting claims settlement practices for unclaimed

Court denies insurer’s motion to bifurcate breach of contract and bad faith claims

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 6 2013

In Osbourne Renfrow v. Redwood Fire and Casualty Ins. Co., et al., 288 F.R.D. 514 (D. Nev. 2013), the U.S. District Court, District of Nevada

MBIA and AMBAC downgraded by Moody’s

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 30 2008

On June 19, Moody’s Investors Service removed the triple-A financial strength rating for bond insurers MBIA Insurance Corp. and Ambac Assurance Corp., downgrading both companies in response to their continued exposure to the struggling mortgage market