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Results: 1-10 of 51

Court holds that professional services exclusion in D&O policy applies to broker-dealer’s distribution of REITs

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 4 2013

A federal court, applying New York law, recently held that a "professional services" exclusion in a D&O policy applied to lawsuits against a

Florida Senate Committee approves Bill with sweeping changes to property insurance laws

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 11 2013

On March 7, 2013, the Florida Senate Banking and Insurance Committee approved SPB 7018 (the "Bill") by a vote of 11-1. The Bill, if enacted, would

Recent ruling dismisses claims against Massachusetts premises owners for asbestos liability

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 26 2012

In a victory for Massachusetts premises owners and their insurers, the Massachusetts Superior Court recently dismissed all claims against a group of twenty-three premises owners whom the Plaintiff alleged were liable (under both strict liability and negligence theories) for the development of the decedent’s asbestos-related mesothelioma

The calm after the storm: Florida Supreme Court issues anticipated hurricane related bad faith opinion

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

Florida has a knack for being in the path of hurricanes

Connecticut insurance department considers change in hurricane deductible

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 28 2011

Connecticut Insurance Commissioner Thomas Leonardi told the Connecticut legislature’s Insurance and Real Estate Committee on Tuesday, November 15th, that the Connecticut Insurance Department (the “CID”) is currently considering options to revise requirements governing hurricane deductibles

Florida Office of Insurance Regulation issues order regarding sinkhole rate increases

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

On September 20, 2011, the Florida Office of Insurance Regulation (“FOIR”) issued an order on the proposed rate increases by Citizens Property Insurance Corporation (“Citizens”) for homeowners, dwelling fire, and sinkhole coverage

Miami-based Chinese drywall distributor sues German supplier for over $100 million

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

About a month after agreeing to a $55 million preliminary settlement with homeowners affected by Chinese Drywall, Miami-based distributor, Banner Supply Co., filed a cross-complaint against German manufacturer, Knauf Gips A.G. and its related entities, seeking over $100 million in damages

Uk: high court rules on whether unoccupied property warranties breached

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • July 12 2011

In the recent judgment of Maritsave Ltd v National Farmers' Union Mutual Insurance Society Ltd (2011) EWHC 1660 (QB), the High Court found in favour of Maritsave in respect of a claim for fire damage losses under a property insurance policy and rejected the Defendant insurer's contention that Maritsave had not complied with certain unoccupied property warranties

Personal dwelling losses top $2 billion in Japan

  • Edwards Wildman Palmer LLP
  • -
  • Japan
  • -
  • June 9 2011

A recent Business Insurance article reported that Japanese insurers have paid almost $2.27 billion to cover approximately 125,000 claims associated with earthquake damage to personal dwellings stemming from the March 11 tsunami and earthquake that devastated Japan

Chinese drywall -- Florida Federal Court rules pollution exclusion does not bar coverage

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 7 2011

United States District Court Judge Susan C. Bucklew has recently issued an opinion holding that the pollution exclusion did not bar coverage for property damages associated with Chinese drywall

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