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Connecticut District Court: insurer's default judgment does not necessarily preclude litigation in subrogation action
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 12 2010
A Connecticut District Court recently held that plaintiffs, who brought a subrogation action to recover a judgment entered in their favor in an underlying legal malpractice action against their attorneys, were entitled to litigate coverage issues even though the attorneys' insurer obtained a default judgment against the attorneys in a separate coverage action
In private letter ruling, IRS says captive reinsurance of fronted pools is “insurance” for tax purposes
- Edwards Wildman Palmer LLP
- -
- USA
- -
- January 4 2010
The Internal Revenue Service (IRS) issued a private letter ruling on December 11, 2009, resolving a taxpayer’s question as to whether its business as a captive reinsurer is "insurance" for tax purposes
Third Circuit holds that drunken shooting attempt is not an “accident” for purposes of insurance coverage
- Edwards Wildman Palmer LLP
- -
- USA
- -
- June 15 2010
The Third Circuit recently held that an insured who, while intoxicated, allegedly attempted to shoot another person was not covered under his homeowner's insurance policies for the resulting liability, as the attempted shooting could not constitute an "accident."
Class action trial analysis and discussion: plaintiff and defense perspectives on recent trials and settlements of life insurance and annuity class actions from ALI-ABA conference on insurance and financial services litigation
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 16 2010
This panel offered a history of class action litigation involving life insurance and annuity products
Federal court upholds an arbitration panel’s award requiring a cedent to pay its reinsurer’s attorneys’ fees
- Edwards Wildman Palmer LLP
- -
- USA
- -
- March 2 2010
National Union Fire Insurance Company of Pittsburgh, PA entered into a reinsurance treaty with Odyssey America Reinsurance Corporation, which contained an arbitration clause
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
NY court: insured may recover consequential damages absent insurer bad faith
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 23 2009
On December 15, 2009, New York's Appellate Division for the First Department held that an insured need not allege or prove that its insurer acted in bad faith in order to recover consequential damages stemming from the insurer's breach of the policy
Insurers encourage Green Building
- Edwards Wildman Palmer LLP
- -
- USA
- -
- June 7 2010
Insurers and regulators are addressing Green Building issues at breakneck speed
A Connecticut Superior Court denies insurer's motion to strike counts alleging bad faith and violations of CUTPA
- Edwards Wildman Palmer LLP
- -
- USA
- -
- January 7 2010
In Vincoli v. Hartford Underwriters Ins. Co., FST-CV-09-5009591-S (Conn.Super. Sept. 24, 2009), a Connecticut Superior Court recently denied an Insurer's motion to strike counts alleging bad faith and violations of CUTPA from a complaint
Florida Supreme Court considering question of rental car company vicarious liability
- Edwards Wildman Palmer LLP
- -
- USA
- -
- March 9 2010
On March 1, 2010, the Florida Supreme Court heard oral argument in Rafael Vargas v. Enterprise Leasing Company, et al., SC08-2269
