We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



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


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


Life insurance beneficiary files putative class action lawsuit against life insurer targeting unclaimed property practices
  • Locke Lord LLP
  • USA
  • February 5 2013

A federal class action lawsuit was recently filed in Massachusetts against a leading life insurer targeting claims settlement practices for unclaimed


To secure or not to secure when you reinsure, that is the question
  • Locke Lord LLP
  • USA
  • June 17 2009

At least two factors have led cedents and reinsurers to reconsider traditional approaches to the collateralization of reinsurance obligations in the last twelve months


Texas Supreme Court allows coverage of punitive damages for gross negligence in workers' compensation case
  • Locke Lord LLP
  • USA
  • March 13 2008

On February 15, 2008, the Texas Supreme Court issued its opinion in Fairfield Insurance Co. v. Stephens Martin Paving, LP, No. 04-0728, 2008 WL 400397, in which it held, in a workers’ compensation setting, that Texas public policy did not prohibit insurance coverage for “exemplary” damages resulting from an employer’s gross negligence


New York Surplus Lines Tax Update: New York Clarifies Franchise Tax Position on Surplus Lines Insurers under Backdrop of NRRA
  • Locke Lord LLP
  • USA
  • July 6 2016

Last month, New York issued two advisory opinions that could alter the tax obligations for surplus lines insurers. Advisory Opinion TSB-A-16(5)(C


Connecticut AG files complaint against Guy Carpenter and Excess Re direct summary
  • Locke Lord LLP
  • USA
  • October 15 2007

On October 9, the Connecticut Attorney General (the “CT AG”) filed a Complaint against Guy Carpenter and Excess Reinsurance Inc


NAPSLO questions NAIC's handling of the Nonadmitted and Reinsurance Reform Act
  • Locke Lord LLP
  • USA
  • April 15 2011

Richard Bouhan, Executive Director of the National Association of Professional Surplus Lines Offices (NAPSLO), recently stated that the National Association of Insurance Commissioners ("NAIC") is attempting to undercut the surplus lines reforms in the Nonadmitted and Reinsurance Reform Act (the "Act"), which becomes effective on July 21, 2011


Florida district court finds insurer entitled to rescind policy due to insured’s misrepresentations on application and grants summary judgment despite claim that insurer knew of misrepresentations and failed to exercise due diligence
  • Locke Lord LLP
  • USA
  • January 12 2009

A Florida district court recently granted summary judgment in favor of an insurer, allowing it to rescind a general liability policy because the insured knowingly made misrepresentations on the insurance application


Federal court rules that reinsurer was not prejudiced by redomestication of insurer carried out through deceit
  • Locke Lord LLP
  • USA
  • August 5 2008

In a recent decision originating from the United States District Court for the Southern District of New York, on remand from the Second Circuit Court of Appeals, the court held that (i) there was no basis for finding that joint liquidators for a Bermuda insurer were deficient or engaged in any misconduct, or that their actions resulted in any prejudice to reinsurer Commercial Union and (ii) that vacating the underlying arbitration award and granting injunctive relief would confer an undeserved benefit on Commercial Union