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Results: 1-10 of 240

‘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

New HHS regulations impose federal security breach notification requirements

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 23 2009

Until recently, the Health Insurance Portability and Accountability Act of 1996 ("HIPAA") did not require a covered entity to notify individuals when their protected health information ("PHI") had been the subject of a security breach unless a particular individual requested an accounting from the covered entity

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

Creditor defeats preference action based on ‘new value’ defense

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

As a condition to issuing a surety bond, the insurer required the insured to obtain a Letter of Credit in favor of the insurer. To obtain the LOC, the

Of phantom damages, collateral sources, and windfalls

  • Reed Smith LLP
  • -
  • USA
  • -
  • October 9 2014

We don't discuss damages much, except to fulminate about punitive damages. Why is that? We're not entirely sure, but to some extent not discussing

Faulty workmanship can be an accident

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

After a spate of bad decisions for policyholders on whether general liability policies can ever provide coverage for construction liabilities, three

Policyholders’ ability to obtain insurance coverage for cleanups and other liabilities relating to accidental pollution in Pennsylvania is greatly enhanced

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 14 2008

On March 10, 2008, in a case in the Eastern District of Pennsylvania, Simon Wrecking Company, Inc., et al. v. Continental Casualty Company, et al., the Honorable Anita B. Brody issued a decision describing the proof needed by a policyholder with pollution-related liabilities to prevent its insurance company from denying responsibility based on the so-called “sudden and accidental” pollution exclusion

What is happening to AIG?

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 2 2009

This morning, March 2, 2009, American International Group, Inc. ("AIG") announced a loss of $61.7 billion for the fourth quarter of 2008, a total net loss for 2008 of $99.29 billion, and a major restructuring of its operations, including a new federal infusion of $30 billion, forgiveness of certain debts, and relaxation of prior bailout terms

Insurer fails to avoid policy on grounds of misrepresentation, non-disclosure, breach of warranty and illegality

  • Reed Smith LLP
  • -
  • USA
  • -
  • August 8 2013

In Sea Glory Maritime Co v Al Sagr National Insurance Co (The Nancy) 2013 EWHC 2116 (Comm), the First Claimant (the vessel's registered owner

ACA Affordable Insurance Exchanges and Qualified Health Plans

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 14 2013

In less than one year, Affordable Insurance Exchanges ("Exchanges") authorized by the Affordable Care Act ("ACA") are scheduled to be operational