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Results: 1-10 of 286

Presentation by Eithne McCarthy - the new Insurance Block Exemption Regulation

  • Locke Lord LLP
  • -
  • USA
  • -
  • April 22 2010

Eithne McCarthy, from the Financial Services Unit of the European Commission's Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society's Competition Section on 13 April 2010

New York issues proposed regulation to establish minimum standards for determining reserve liabilities and nonforfeiture values for preneed life insurance

  • Locke Lord LLP
  • -
  • USA
  • -
  • August 21 2009

The New York Insurance Department issued proposed Regulation No. 192 (11 NYCRR) (the “Proposed Regulation”) establishing minimum reserve and nonforfeiture standards for preneed life insurance policies (i.e. policies that provide a prearrangement agreement for goods and services to be provided upon the death of the insured

New York State Court denies motion to compel discovery of reinsurance and reserve information

  • Locke Lord LLP
  • -
  • USA
  • -
  • July 29 2010

In Mt. McKinley Ins. Co. v. Corning Inc., 2010 NY Slip Op 20235 (N.Y. Sup. Ct. June 14, 2010), an insured (“Corning”) moved to compel discovery of reinsurance and reserve information from its insurers, arguing that this information was relevant, material and necessary to its coverage claim

Chinese drywall first bellwether trial ongoing

  • Locke Lord LLP
  • -
  • USA
  • -
  • March 9 2010

The first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans and is ongoing

ERISA litigation: an update from the ALI-ABA conference on financial and insurance litigation

  • Locke Lord LLP
  • -
  • USA
  • -
  • July 21 2010

ERISA litigation, once considered a dull backwater of the law, has been gaining increased interest and attention in recent years: the result of an aging population and an increasingly sophisticated and aggressive plaintiffs' bar

Massachusetts Attorney General issues report stating managed competition of auto insurance has failed

  • Locke Lord LLP
  • -
  • USA
  • -
  • January 8 2010

At the end of December 2009, Massachusetts Attorney General Martha Coakley released a comprehensive report criticizing Massachusetts managed competition system for the deregulation of auto insurance

California federal court rules that “insured v. insured” exclusion does not preclude insurer’s payments of defense costs in claim brought jointly by insureds and non-insureds

  • Locke Lord LLP
  • -
  • USA
  • -
  • December 1 2009

The United States District Court for the Northern District of California, applying California law, has held that an “insured v. insured” clause exclusion in a D&O policy for claims asserted by an insured against an insured did not preclude the insurer from paying for the entire defense costs incurred by insured and non-insured claimants

Chinese drywall - second bellwether trial complete

  • Locke Lord LLP
  • -
  • USA
  • -
  • March 29 2010

As reported here, the first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans, La

Colorado district court denies insurer’s motion for summary judgment and finds issues of fact as to reasonableness of insurer’s denied claim for uninsured motor vehicle coverage

  • Locke Lord LLP
  • -
  • USA
  • -
  • December 1 2009

In Eppich v. State Farm Mutual Automobile Insurance Company, No. 08-CV-01697-PAB-MEH (Sept. 30, 2009), the United States District Court for the District of Colorado held that an insurer failed to meet its burden on summary judgment of establishing that an accident caused by a motorcycle that was not "street legal" at the time it struck and injured a woman riding her bicycle on a trail fell within an uninsured motorist coverage’s exclusion for "land motor vehicles . . . designed for use mainly off public roads."

NY lower court holds that Insurance Law 3420(a) applies to lawyer’s claims-made malpractice policy

  • Locke Lord LLP
  • -
  • USA
  • -
  • November 19 2009

The New York Supreme Court, Erie County, recently held that a lawyers’ professional liability policy constitutes a "policy or contract insuring against liability for injury to person" within the meaning of Insurance Law 3420(a)(3)-(4