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Results: 1-10 of 210

Policyholders with long-tail claims under Liberty Mutual policies should be prepared for 'sea change' in claims handling after Berkshire Hathaway deals

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 18 2014

On July 17, 2014, Liberty Mutual Insurance Company announced that it had entered into a multi-billion-dollar "retroactive reinsurance" arrangement

Consumer privacy issues abound in the Dodd-Frank Wall Street Reform and Consumer Protection Act

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 20 2010

With President Obama scheduled to sign the Dodd-Frank Wall Street Reform and Consumer Protection Act this week, the financial services industry faces a rapidly changing regulatory environment

‘Contingent claim’ not sufficient to establish right of setoff for lift-stay motion

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 15 2012

The debtor’s insurer sought to lift the automatic stay in order to setoff $2.2 million in return premiums against potential defense costs that the insurer expected to incur related to certain insurance claims made against the debtor

When did this happen?

  • Reed Smith LLP
  • -
  • USA
  • -
  • February 22 2013

In most states, the most famous exception being Louisiana, there's no such thing as a "direct action" against an insurance company by the allegedly

Indalex: the Pennsylvania Superior Court rejects insurers' attempts to deny coverage for negligence actions involving 'faulty workmanship'

  • Reed Smith LLP
  • -
  • USA
  • -
  • December 6 2013

On December 3, 2013, the Pennsylvania Superior Court issued its opinion in Indalex Inc. v. National Union Fire Insurance Co. of Pittsburgh PA

Pennsylvania courts struggle with insurance coverage for defective product claims

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 28 2013

In 2012, Judge Wettick of the Allegheny County Court of Common Pleas issued two decisions that have the potential to significantly limit the

Pennsylvania Supreme Court holds that stipulations agreed to by parties are binding in court

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 19 2008

On June 16, 2008, the Pennsylvania Supreme Court rendered an opinion in Northbrook Life Insurance Company v. Commonwealth of Pennsylvania (No. 93 MAP 2006) regarding an insurance company’s entitlement to a tax credit under the insurance premiums tax

Correction to health insurance appealsexternal review rule

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 29 2011

The Department of Health and Human Services (HHS) has issued a notice correcting technical errors in its June 24, 2011 amendment to a 2010 interim final rule on internal claims and appeals and external review processes for group health plans and health insurance coverage in the group and individual markets under the ACA

New law repeals ACA "1099" tax reporting provisionreduces health insurance exchange subsidies

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 29 2011

On April 14, 2011, President Obama signed into law H.R. 4, the “Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011.”

Protecting your insurance rights as a result of the West Virginia chemical leak

  • Reed Smith LLP
  • -
  • USA
  • -
  • January 14 2014

Last Thursday's chemical leak in Charleston, West Virginia, has cut off water to nearly 300,000 people. Businesses in the area have been forced to