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Results: 1-6 of 6

Insolvency exclusion bars coverage for claims due to underfunded employee benefit plans

  • Wiley Rein LLP
  • -
  • USA
  • -
  • December 7 2011

A federal district court, applying Pennsylvania law, has held that the insolvency exclusion in an insurance agency’s professional liability policy excused the insurer from the duty to defend the agency in lawsuits alleging that it had caused employee benefit plans that it created to be underfunded

General counsel update: 31 May 2012

  • Herbert Smith Freehills LLP
  • -
  • Argentina, China, European Union, Hong Kong, Singapore, Spain, United Kingdom
  • -
  • May 31 2012

This is the twenty-ninth in our series of General Counsel Updates which aim to summarise major developments in key areas

Court applies exclusion for claims involving receivership of a healthcare benefit plan

  • Wiley Rein LLP
  • -
  • USA
  • -
  • June 16 2008

The United States District Court for the Middle District of Florida, applying Florida law, has held that exclusions for claims involving the receivership of a healthcare benefit plan and claims involving Multiple Employer Welfare Arrangements (MEWA) barred coverage for claims brought by a receiver of a healthcare benefit plan alleging that brokers sold coverage under a benefit plan that was a MEWA

What happens to direct life insurances in the event of an employer’s insolvency in Germany?

  • Herbert Smith Freehills LLP
  • -
  • Germany
  • -
  • September 30 2010

The Federal Labour Court has ruled on the fundamental issue of who will be entitled to the rights under a life insurance policy concluded by the employer in the employee's favour in the event that an employment relationship comes to an end in the course of the employer's insolvency proceeding

Pennsylvania federal court addresses insolvency exclusion

  • Traub Lieberman Straus & Shrewsberry LLP
  • -
  • USA
  • -
  • December 1 2011

In its recent decision ACE Capital Ltd. v. Morgan Waldon Ins. Mgmt., LLC, 2011 U.S. Dist. LEXIS 135902 (W.D. Pa. Nov. 28, 2011), the United States District Court for the Western District of Pennsylvania had occasion to consider the scope of an insolvency exclusion in a professional liability policy

U.S. Supreme Court rules the individual mandate is constitutional and limits Medicaid expansion laws

  • Squire Sanders
  • -
  • USA
  • -
  • June 28 2012

The decision we've all been waiting for is in -- the U.S. Supreme Court has ruled that the statute commonly known as the individual insurance mandate (everyone must have minimum health insurance coverage or pay a pentalty) is constitutional under Congress' taxing power