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Results: 11-20 of 409

Obama administration reiterates opposition of NFIP expansion to include windstorm coverage
  • Locke Lord LLP
  • USA
  • July 23 2010

The Obama Administration, through the Office of Management and Budget, has reiterated its position that it is against the expansion of the National Flood Insurance Program ("NFIP") to include coverage for windstorm damage


Update from RAA Re Contracts Conference presentation on extra contractual obligations and losses in excess of policy limits
  • Locke Lord LLP
  • USA
  • July 23 2010

We have been tracking developments at the RAA Re Contracts Conference, which took place this week in New York, as previously reported on www


Delaware Bankruptcy Court rules that directors & officers may access eroding policy despite company’s bankruptcy
  • Locke Lord LLP
  • USA
  • July 22 2010

A federal judge has ruled that directors and officers of a company in bankruptcy proceedings may continue to access an eroding liability policy to cover their defense costs


United States Supreme Court asks for federal government's opinion on applicability of the McCarran-Ferguson Act to the New York Convention
  • Locke Lord LLP
  • USA
  • July 22 2010

The U.S. Supreme Court recently asked the Solicitor General to file a brief on behalf of the United States expressing its views on whether the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention") and the federal legislation that enforces it, the Federal Arbitration Act ("FAA"), are subject to the reverse preemption provision of the McCarran-Ferguson Act


ERISA litigation: an update from the ALI-ABA conference on financial and insurance litigation
  • Locke Lord LLP
  • USA
  • July 21 2010

ERISA litigation, once considered a dull backwater of the law, has been gaining increased interest and attention in recent years: the result of an aging population and an increasingly sophisticated and aggressive plaintiffs' bar


New York state court finds that follow the settlements doctrine does not apply
  • Locke Lord LLP
  • USA
  • July 21 2010

In American Home Assurance Co. v. American Re-Insurance Co., No. 60248506 (N.Y. Sup. Ct. May 27, 2010), the plaintiffs, several ceding companies, brought a declaratory judgment action against certain reinsurers (collectively, the “Reinsurers”) seeking reimbursement for portions of a settlement plaintiffs made with their insured, Monsanto Corporation


Class action procedure: the latest developments from ALI-ABA conference on insurance and financial services litigation
  • Locke Lord LLP
  • USA
  • July 19 2010

This panel offered the insights of a federal district court judge, defense counsel and plaintiffs' counsel regarding Class Action Procedure, focusing on trends regarding the class certification process


Changes in securities & insurance regulation affecting enforcement strategies ALI-ABA conference on insurance & financial services litigation
  • Locke Lord LLP
  • USA
  • July 19 2010

Speakers at the ALI-ABA's annual conference on insurance and financial services regulation in Chicago offered extensive commentary on changes in enforcement strategies for insurance and securities fraud, in light of recent overhauls to the regulatory scheme



California bill to amend new life settlement law
  • Locke Lord LLP
  • USA
  • July 16 2010

California State Senator Ron Calderon introduced Senate Bill 1242 (“SB 1242”) to amend California’s life settlement law which went into effect July 1, 2010