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New York Federal Court holds that insurance law section 3420(d)(2) does not apply to reservation of rights letter

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • July 11 2014

A New York federal court recently held that the timeliness requirement of Section 3420(d)(2) of the New York Insurance Law does not apply to an

Proliferation of property insurance matching regulations increases litigation risks

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • June 17 2014

A growing number of states have adopted so-called "matching" regulations, requiring the replacement the undamaged items when the damaged items cannot

An insurer's right to deny coverage based on policy exclusions despite breaching the duty to defend: the importance of the New York Court of Appeals’ reversal in "K2"

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 23 2014

Earlier this year, New York's highest court, the Court of Appeals, issued one of its most important insurance coverage decisions in recent memory

Massachusetts Superior Court determines that New York notice law does not apply despite New York choice of law provision in policy

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 19 2014

In Catlin Specialty Ins. Co. v. Am. Superconductor Corp., 12-2314-BLS1 (Mass. Super. Ct. Jan. 29, 2014), Catlin sought a declaration of no coverage

Delaware court applies horizontal exhaustion to excess insurance policies under New York law

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 22 2014

In a decision issued on February 28, 2014 but published only recently, the Superior Court of Delaware addressed an issue of first impression and

Internal Revenue Service files appeal in the Validus excise tax case

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 10 2014

Following up on our earlier Insurance and Reinsurance Blog on this matter (the relevant post can be found here), the Internal Revenue Service today

Massachusetts federal court declares that professional liability insurer need not defend accounting firm for faulty investment advice

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 8 2014

The federal district court in Massachusetts has declared that a professional liability insurer owes no duty to defend its insured, an accounting firm

First Circuit holds that preclusive effect of prior arbitration outcome is itself an arbitrable issue

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 7 2014

The U.S. Court of Appeals for the First Circuit earlier this year held that the preclusive effect of a prior arbitration is itself a matter for

Massachusetts Appeals Court holds upholds summary judgment on behalf of insurer based on a prior acts exclusion and inaccurate statements in the policy application

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 1 2014

The Appeals Court of Massachusetts recently issued a coverage decision captioned Hurley v. Comproni, et al., 85 Mass. App. Ct. 1101, 3 N.E.3d 615

Validus District Court decision: retrocessions not taxable as reinsurance under section 4371 of the code

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 21 2014

As previously discussed in our Insurance and Reinsurance Blog (the relevant post can be found here), the United States District Court for the