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Court holds that professional services exclusion in D&O policy applies to broker-dealer’s distribution of REITs

Edwards Wildman Palmer LLP
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USA
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April 4 2013

A federal court, applying New York law, recently held that a "professional services" exclusion in a D&O policy applied to lawsuits against a

Florida Senate Committee approves Bill with sweeping changes to property insurance laws

Edwards Wildman Palmer LLP
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USA
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March 11 2013

On March 7, 2013, the Florida Senate Banking and Insurance Committee approved SPB 7018 (the "Bill") by a vote of 11-1. The Bill, if enacted, would

Recent ruling dismisses claims against Massachusetts premises owners for asbestos liability

Edwards Wildman Palmer LLP
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USA
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September 26 2012

In a victory for Massachusetts premises owners and their insurers, the Massachusetts Superior Court recently dismissed all claims against a group of twenty-three premises owners whom the Plaintiff alleged were liable (under both strict liability and negligence theories) for the development of the decedent’s asbestos-related mesothelioma

The calm after the storm: Florida Supreme Court issues anticipated hurricane related bad faith opinion

Edwards Wildman Palmer LLP
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USA
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September 7 2012

Florida has a knack for being in the path of hurricanes

Connecticut insurance department considers change in hurricane deductible

Edwards Wildman Palmer LLP
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USA
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November 28 2011

Connecticut Insurance Commissioner Thomas Leonardi told the Connecticut legislature’s Insurance and Real Estate Committee on Tuesday, November 15th, that the Connecticut Insurance Department (the “CID”) is currently considering options to revise requirements governing hurricane deductibles

Florida Office of Insurance Regulation issues order regarding sinkhole rate increases

Edwards Wildman Palmer LLP
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USA
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September 21 2011

On September 20, 2011, the Florida Office of Insurance Regulation (“FOIR”) issued an order on the proposed rate increases by Citizens Property Insurance Corporation (“Citizens”) for homeowners, dwelling fire, and sinkhole coverage

Miami-based Chinese drywall distributor sues German supplier for over $100 million

Edwards Wildman Palmer LLP
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USA
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July 21 2011

About a month after agreeing to a $55 million preliminary settlement with homeowners affected by Chinese Drywall, Miami-based distributor, Banner Supply Co., filed a cross-complaint against German manufacturer, Knauf Gips A.G. and its related entities, seeking over $100 million in damages

Chinese drywall -- Florida Federal Court rules pollution exclusion does not bar coverage

Edwards Wildman Palmer LLP
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USA
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June 7 2011

United States District Court Judge Susan C. Bucklew has recently issued an opinion holding that the pollution exclusion did not bar coverage for property damages associated with Chinese drywall

Florida governor signs Florida property insurance reform into law

Edwards Wildman Palmer LLP
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USA
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May 20 2011

On May 17, 2011, Florida Governor Rick Scott signed property insurance reform legislation

BankAtlantic verdict voided

Edwards Wildman Palmer LLP
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USA
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May 10 2011

We previously reported on the jury verdict against BankAtlantic in the matter of In re BankAtlantic Bancorp, Inc. Securities Litigation, S.D.Fla. Docket No. 07-cv-61542-UU

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