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Florida House Committee passes legislation to expand private reinsurance market

Edwards Wildman Palmer LLP
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USA
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February 25 2008

On Thursday, the Florida House Committee unanimously passed a bill backed by chief financial officer Alex Sink requiring insurer's that buy into the state's catastrophe fund to purchase reinsurance from the private market

Second Circuit rules bankruptcy court cannot enjoin all claims against insurer

Edwards Wildman Palmer LLP
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USA
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February 26 2008

In an important recent decision of the United States Court of Appeals for the Second Circuit, testing the outer reaches of a bankruptcy court’s jurisdiction, In re Johns Manville Corp., 06-2099 (2d Cir. Feb. 15, 2008), the court considered whether claims that are not derivative of a debtor’s liability, but rather seek to recover directly from an insurer for its own alleged misconduct, can be enjoined by the “channeling” mechanism developed by the bankruptcy court

NAIC producer licensing assessment

Edwards Wildman Palmer LLP
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USA
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February 26 2008

The National Association of Insurance Commissioners (NAIC) issued a press release last week announcing completion of its membership-wide producer licensing assessment

District of Columbia appoints new Commissioner

Edwards Wildman Palmer LLP
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USA
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September 2 2009

On August 28, 2009, the District of Columbia Department of Insurance, Securities and Banking (“DISB”) issued a press release announcing that Thomas E. Hampton has stepped down as Commissioner of the DISB

Fifth Circuit upholds dismissal of claims against insurance agent based on Louisiana’s one-year statute of limitations

Edwards Wildman Palmer LLP
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USA
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February 29 2008

The United States Court of Appeals for the Fifth Circuit recently upheld the dismissal of a claim by two individuals against an insurance agent who sold them renters’ insurance because they failed to file their claim within one-year after they learned about, or should have known, the facts that gave rise to their claim

Bi-economy: New York's highest court sustains insured's claim for consequential damages

Edwards Wildman Palmer LLP
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USA
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February 28 2008

In Bi-Economy v. Harleysville, 2008 N.Y. Slip Op. 01418 (Feb. 19, 2008), the New York Court of Appeals reversed summary judgment for an insurer and held that, under the factual circumstances presented and "in light of the nature and purpose of the insurance contract at issue," the insured had stated a viable claim for consequential damages

Ohio federal court judge denies motion to compel production of information as to other claims and security breaches in computer hacking case

Edwards Wildman Palmer LLP
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USA
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February 29 2008

In late 2007, an Ohio federal court ruled that an insurer defending itself in a lawsuit over its denial of coverage of a computer hacking claim against one of its insureds should not be forced to disclose any information regarding its own unrelated security breach or about how it handled similar computer hacking claims with other policyholders

Panasia: New York high court permits consequential damages for bad faith breach of policy

Edwards Wildman Palmer LLP
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USA
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February 28 2008

The New York Court of Appeals recently held that consequential damages are a permissible remedy for an insurer's breach of the covenant of good faith and fair dealing

Proposed captive tax deduction rule withdrawn by IRS

Edwards Wildman Palmer LLP
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USA
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February 27 2008

The Internal Revenue Service announced on February 20, 2008 that it is withdrawing the proposed IRS Regulation 1.1502-13(e)(2)(ii)(C

Florida appellate court recognizes new statutory bad faith cause of action in medical malpractice claims

Edwards Wildman Palmer LLP
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USA
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May 22 2007

A Florida appellate court has recognized a new statutory bad faith cause of action in medical malpractice claims

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Search results

Florida House Committee passes legislation to expand private reinsurance market

Second Circuit rules bankruptcy court cannot enjoin all claims against insurer

NAIC producer licensing assessment

District of Columbia appoints new Commissioner

Fifth Circuit upholds dismissal of claims against insurance agent based on Louisiana’s one-year statute of limitations

Bi-economy: New York's highest court sustains insured's claim for consequential damages

Ohio federal court judge denies motion to compel production of information as to other claims and security breaches in computer hacking case

Panasia: New York high court permits consequential damages for bad faith breach of policy

Proposed captive tax deduction rule withdrawn by IRS

Florida appellate court recognizes new statutory bad faith cause of action in medical malpractice claims

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