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Results: 1-10 of 427

Patriot’s Day bombing insurance issues?

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 18 2013

Monday's attack affected hundreds of lives and businesses struck by the tragedy. Insurers and reinsurers will undoubtedly face claims and losses in

TRIA possible extension involves many unresolved issues

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 7 2013

As we recently blogged, Rep. Michael Grimm (R-NY) and Rep. Carolyn Maloney (D-NY), both of whom sit on the House Financial Services Committee, have

TRIA extension bill proposed in Congress

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • February 15 2013

Legislation was recently introduced in the House of Representatives to extend the federal Terrorism Risk Insurance Program through 2019. The lead

Sandy: déjà vu?

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 7 2012

Seven years ago, Hurricane Katrina made landfall in New Orleans

The curious case of a cracked side window and an Aviation General Liability policy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 7 2012

According to a recent decision by a federal appellate court interpreting an Aviation General Liability policy, a relatively minor crack in the side window of an aircraft can be far more than it is cracked up to be

Playstation hack - do Sony’s CGL policies apply?

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 29 2011

Sony insurers are engaged in litigation in New York state court to determine Sony entities’ claims for insurance coverage with respect to lawsuits, claims and potential attorney general actions arising out of the cyber-attacks earlier this year on the PlayStation Network (“PSN”), Sony Online Entertainment Network (“SOE”) and Sony Pictures Network, which allegedly resulted in unauthorized access to and alleged theft of personal identification and financial information of millions of customers

New York appeals court dismisses suit against MBIA Inc. over bond insurer’s financial restructuring

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 25 2011

A New York appeals court recently dismissed one of two lawsuits filed against MBIA Inc. (“MBIA”) by more than a dozen major financial institutions concerning the bond insurer’s financial restructuring

New Massachusetts law permits property carriers to exclude terrorism-caused fire loss

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 24 2011

Massachusetts Governor Deval Patrick has signed H.960 into law

SEC and US Attorney accuse Costa Rican life insurance bond company of $670 million fraud

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 21 2011

Both the Securities and Exchange Commission and the U.S. Attorney's Office have brought actions against Costa Rica-based Provident Capital Indemnity, LTD, an insurance and reinsurance company that purported to provide bonds guaranteeing life insurance settlements, but was instead allegedly perpetrating a $670 million fraudulent scheme

Second Circuit denies cedent's motion for a rehearing in follow the fortunes case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 21 2011

We recently blogged about the Second Circuit's decision in Arrowood Surplus Lines Ins. Co. v. Westport Ins. Corp., No. 10-cv-0397 (2d Cir. 2010), in which an appellate panel held that a reinsurer had no obligation to indemnify its cedent for losses outside the scope of the treaty at issue

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