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Results: 11-20 of 2,169

The Seventh Circuit puts an end to litigation attacking the cost of Force-place insurance
  • Locke Lord LLP
  • USA
  • November 20 2013

In Cohen v. American Security Insurance Co., the Seventh Circuit rang the death knell on mortgagors' lawsuits complaining about the cost of


Connecticut district court grants summary judgment to insurer on bad faith claim
  • Locke Lord LLP
  • USA
  • December 28 2010

The United States District Court for the District of Connecticut recently granted a property insurer's motion for summary judgment on a claim that the insurer acted in bad faith when it denied coverage to its insured for damage to the basement walls in the insured's home


New Tax Rules for Captives Target Abuse
  • Locke Lord LLP
  • USA
  • January 28 2016

As part of a tax bill signed by President Obama on December 18, 2015 (The Protecting Americans from Tax Hikes Act of 2015 hereafter, the 2015 Act


Revised NAIC insurance holding company model act gains traction
  • Locke Lord LLP
  • USA
  • June 6 2012

As part of its solvency modernization initiative, the National Association of Insurance Commissioners (NAIC) adopted broad revisions to its model Insurance Holding Company System Regulatory Act and its Insurance Holding Company System Model Regulation (collectively, the Revised Model Law) in December of 2010


The State of Connecticut Insurance Department issues guidance on Connecticut’s anti-rebating statute
  • Locke Lord LLP
  • USA
  • January 9 2009

The State of Connecticut Department of Insurance (the “Department”) has recently stated that de minimis gifts not exceeding $15 in aggregate value per year are permissible under Connecticut's anti-rebating statute


Potential class action against State Farm and its claims adjusting software company
  • Locke Lord LLP
  • USA
  • October 12 2007

Judge Stanwood R. Duval, Jr. of the United States district court of Lousisa federal district court sitting in Louisiana recently held that two homeowners could jointly file an amended complaint and proceed with their proposed class action lawsuit against State Farm Fire and Casualty Company and software company Xactware


2015 NAIC XXXAXXX Reinsurance Supplement Proposal
  • Locke Lord LLP
  • USA
  • March 18 2015

On a March 16 conference call, the NAIC Principle-Based Reserving Implementation (EX) Task Force adopted the 2015 XXXAXXX Reinsurance Supplement


Rescinding life insurance policies can be risky business - companies cannot accept premiums after rescission otice
  • Locke Lord LLP
  • USA
  • June 1 2012

The American General Life Insurance Company vs. Salamon decision by the United States Court of Appeals for the Second Circuit stands for the proposition that under New York insurance law, a life insurance company can’t attempt to rescind a life insurance policy for misrepresentations in the life insurance policy application after continuing to accept premiums once the company had knowledge of facts supporting rescission


The Court of Appeals of Texas holds third-party claimant lacks standing to sue commercial general liability insurer
  • Locke Lord LLP
  • USA
  • October 29 2013

The Court of Appeals of Texas recently held that a third-party claimant does not have standing to assert claims against a commercial general


Illinois prohibits TPAs and UR organizations from performing services offshore
  • Locke Lord LLP
  • USA
  • January 23 2013

The Illinois Department of Insurance ("DOI") issued Bulletin 2012-12 ("Bulletin") on December 20, 2012, prohibiting the use of offshore third party