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Reinsurer’s motion to seal documents related to arbitration granted by Pennsylvania court

Edwards Wildman Palmer LLP
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USA
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August 27 2009

Republic Western Insurance Company ("Republic") reinsured certain workers’ compensation policies issued by Reliance Insurance Company

Seventh Circuit rules that challenge to a replacement arbitrator must be made at the time of the appointment and not at the conclusion of the arbitration

Edwards Wildman Palmer LLP
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USA
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September 10 2009

In a recent decision from the United States Court of Appeals for the Seventh Circuit, WellPoint, Inc. v. John Hancock Life Ins. Co., No. 08-2283 (7th Cir. Aug. 7, 2009), the court ruled that a party seeking to challenge the appointment of a replacement arbitrator must do so at the time of the appointment or else lose its ability to make such a challenge

Eleventh Circuit affirms judgment in favor of contractor’s insurers, finding no bad faith

Edwards Wildman Palmer LLP
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USA
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September 10 2009

In Fidelity & Deposit Co., et al. v. Douglas Asphalt Co., et al., No. 09-10919 (11th Cir. Jul. 28, 2009), the Eleventh Circuit affirmed the District Court’s judgment in favor of the insurers, who sought to recover from their insured payments made under payment and performance bonds when the insured allegedly defaulted and failed to complete a project

Federal court rules that arbitration award satisfied final adjudication requirement in intentional acts and personal profit exclusions

Edwards Wildman Palmer LLP
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USA
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September 10 2009

Earlier this summer, the U.S. District Court for the Central District of California, Western Division held that an arbitrator's determination in an underlying claim triggered the intentional acts and personal profit exclusions in both a D&O and E&O policy

Secondhand asbestos lawsuit settled after decision by Tennessee Supreme Court

Edwards Wildman Palmer LLP
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USA
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September 16 2009

As previously discussed here, and here, the estate of Amanda Satterfield brought suit against Alcoa for her death from mesothelioma at the age of 25

Court gives preliminary approval to Merrill Lynch's settlement of a subprime-related securities class action

Edwards Wildman Palmer LLP
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USA
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September 17 2009

As previously reported on August 8, 2007, a jury convicted ex-Brocade CEO Greg Reyes for violating federal securities laws by failing to properly account for backdated options

Connecticut trial court awards judgment in favor of insured and rejects insurer’s theory that insured’s lack of income was motive for loss where insured had other assets

Edwards Wildman Palmer LLP
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USA
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September 14 2009

A Connecticut trial court recently awarded judgment, following a bench trial, in favor of an insured who sought coverage from her insurance company for her vehicle after it was stolen and destroyed by fire

Trust beneficiary has standing to sue life insurance carrier to collect policy benefits

Edwards Wildman Palmer LLP
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USA
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September 14 2009

The United States District Court for the Eastern District of Wisconsin recently held that a beneficiary of a trust has standing to sue the life insurance carrier to collect policy benefits on an accidental death policy

Court approves American Home Mortgage's settlement of a subprime securities class action

Edwards Wildman Palmer LLP
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USA
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September 18 2009

On July 30, 2009, the US District Court for the Eastern District of New York approved a $37.25 million settlement of a subprime-related securities class action styled, In re American Home Mortgage Securities Litigation

Delaware Supreme Court: under certain circumstances, a D&O insurer may reasonably withhold its consent to settle

Edwards Wildman Palmer LLP
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USA
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September 17 2009

In an August 10, 2009 decision, the Delaware Supreme Court held that under certain circumstances, a D&O insurer may reasonably withhold its consent to settle a claim

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