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Second Circuit affirms district court’s decision to reappoint arbitrator who had resigned
  • Locke Lord LLP
  • USA
  • June 24 2010

Yesterday, the Second Circuit affirmed a district court's decision in which the court held that an arbitrator who had previously resigned was able to rejoin the arbitration panel


Financial reform conferees complete work on overhaul legislation
  • Locke Lord LLP
  • USA
  • June 25 2010

In the early morning hours of June 25, House and Senate conferees completed action on financial regulatory reform legislation (H.R. 4173) by approving a final conference report by a vote of 20-11 among House conferees and a vote of 7-5 among Senate conferees


Surplus lines reform approved by HouseSenate conferees
  • Locke Lord LLP
  • USA
  • June 25 2010

Representatives of the United States House of Representatives and Senate attending the reconciliation conference on H.R. 4173, the Wall Street Reform and Consumer Protection Act, have come to an agreement on the streamlined regulation of multistate surplus lines insurance policies


Eleventh Circuit upholds that D&O policy does not provide coverage for claims arising out of property damage under Florida law
  • Locke Lord LLP
  • USA
  • June 22 2010

In an unpublished opinion, the Eleventh Circuit recently affirmed the trial court's decision that a D&O policy does not provide coverage for third-party property damage claims


Massachusetts court reaffirms general liability insurers’ broad duty to defend
  • Locke Lord LLP
  • USA
  • June 22 2010

The Massachusetts Appeals Court recently reaffirmed that jurisdiction's broad understanding of a general liability carrier's duty to defend, holding that an insurer had a duty to defend against a claim of trespass first asserted after the expiration of its policy period


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


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


Connecticut Supreme Court affirms summary judgment for insurer on because prior administrative proceeding for unemployment benefits constituted a related claim
  • Locke Lord LLP
  • USA
  • June 15 2010

The Connecticut Supreme Court recently affirmed summary judgment in favor of an insurance company on the basis that a wrongful termination lawsuit against an insured was related to a prior administrative action for unemployment benefits and was therefore excluded by the policy


Rhode Island 2011 budget - tax implications for surplus lines insurers and medical malpractice joint underwriters association
  • Locke Lord LLP
  • USA
  • June 16 2010

The 2011 Rhode Island state budget, which was enacted as HB 7397A and signed into law June 2, 2010, amends the taxation statutes applicable to surplus lines insurers and the Medical Malpractice Joint Underwriters Association


New estimates double -- BP oil spill is the equivalent to the Exxon Valdez disaster gushing into the Gulf of Mexico every 8 to 10 days
  • Locke Lord LLP
  • USA
  • June 16 2010

The Flow Rate Technical Group, a federal panel, now estimate that 20,000 to 40,000 barrels of oil a day are flowing into the Gulf of Mexico as a result of the Deepwater Horizon explosion