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Results: 1-10 of 160

New York adopts revisions to Regulation 118 governing audited financial statements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 12 2010

On December 28, 2009, the New York Insurance Department ("NYID") issued a Notice of Emergency adoption revising Regulation 118 to implement new audit and reporting standards on an emergency basis

Liability insurer seeks declaration of no coverage in school laptop monitoring case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 27 2010

An insurer that issued a school district liability policy to the Lower Merion School District has filed a declaratory judgment action, seeking a ruling that a recent privacy-related civil rights lawsuit against the school district is not covered by the policy

New York State Court denies motion to compel discovery of reinsurance and reserve information

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 29 2010

In Mt. McKinley Ins. Co. v. Corning Inc., 2010 NY Slip Op 20235 (N.Y. Sup. Ct. June 14, 2010), an insured (“Corning”) moved to compel discovery of reinsurance and reserve information from its insurers, arguing that this information was relevant, material and necessary to its coverage claim

ERISA litigation: an update from the ALI-ABA conference on financial and insurance litigation

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 21 2010

ERISA litigation, once considered a dull backwater of the law, has been gaining increased interest and attention in recent years: the result of an aging population and an increasingly sophisticated and aggressive plaintiffs' bar

Contingent commissions allowed for “Big Three” insurance brokers in New York, Illinois and Connecticut

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 8 2010

Insurance regulators in New York, Illinois and Connecticut have reached an agreement to allow Aon Corp., Marsh & McLennan Companies Inc. and Willis Group Holdings plc (the “Big Three”) to receive contingent commission compensation from insurance carriers

Second Circuit: distinguishing between policy definitions subject to NY Insurance Law 3420(d)(2)’s timely disclaimer requirement as an exclusion and those that are not

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 16 2010

In a decision issued on February 1, 2010, the United Stated Court of Appeals for the Second Circuit confirmed that under New York law some policy provisions, although placed outside of the policy's "Exclusions" section, may nonetheless be considered an exclusion and, therefore, subject to the timely disclaimer and denial requirement of NY Insurance Law 3420(d)(2

Wisconsin Governor signs life settlement law

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 19 2010

On May 13, 2010, Wisconsin Governor Jim Doyle signed into law Senate Bill 513 ("SB 513") governing life settlements

Chinese drywall first bellwether trial ongoing

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 9 2010

The first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans and is ongoing

National Flood Insurance Program may be reinstated this week

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 14 2010

The National Flood Insurance Program (the "NFIP") expired March 28, 2010

Health care legislation imposes tax on annuity income

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 26 2010

The Health Care and Reconciliation Act (the "Act"), signed into law on March 30, 2010, imposes a tax on annuity income to help pay for the multi-billion dollar reform package set forth in both the Act and the Patient Protection and Affordable Care Act, signed into law on March 23, 2010