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Results: 1-10 of 408

Massachusetts health insurers sue over rejected rate increases
  • Locke Lord LLP
  • USA
  • April 6 2010

Blue Cross Blue Shield of Massachusetts and the Massachusetts Association of Health Plans have sued the Massachusetts Division of Insurance (DOI) after the DOI's decision last week to reject most proposed rate increases for small businesses for the current calendar quarter


Chinese drywall - second bellwether trial complete
  • Locke Lord LLP
  • USA
  • March 29 2010

As reported here, the first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans, La


Last week in DC: the healthcare reform debate April 6, 2010
  • Locke Lord LLP
  • USA
  • April 6 2010

As Members of Congress returned home last week to discuss the new healthcare reform law with their constituents, President Obama put the finishing touches on the process by signing a package of healthcare corrections into law


Lehman defendants' motion to dismiss granted in part and denied in part in In re: Lehman Brothers Mortgage-Backed Securities Litigation
  • Locke Lord LLP
  • USA
  • March 29 2010

On February 17, 2010 Judge Kaplan issued a written opinion granting in part and denying in part the individual Lehman defendants' motion to dismiss in In re: Lehman Brothers Mortgage-Backed Securities Litigation


Federal court upholds an arbitration panel’s award requiring a cedent to pay its reinsurer’s attorneys’ fees
  • Locke Lord LLP
  • USA
  • March 2 2010

National Union Fire Insurance Company of Pittsburgh, PA entered into a reinsurance treaty with Odyssey America Reinsurance Corporation, which contained an arbitration clause


Massachusetts Supreme Court affirms dismissal of data breach claims brought against retailer by financial institutions
  • Locke Lord LLP
  • USA
  • March 3 2010

Recently, the Supreme Judicial Court of Massachusetts upheld two lower court decisions dismissing, on separate motions to dismiss and for summary judgment, a number of claims brought by credit unions against a retailer in connection with a breach of debit and credit card data


U.S. House of Representatives passes NARAB II
  • Locke Lord LLP
  • USA
  • March 4 2010

On March 3, 2010, the U.S. House of Representatives passed the National Association of Registered Agents and Brokers Reform Act of 2009 (H.R. 2554 or “NARAB II”) on a voice vote


Senate financial regulatory reform
  • Locke Lord LLP
  • USA
  • March 2 2010

As efforts to produce a bipartisan deal on sweeping financial regulatory reform legislation inch forward, Senator Bob Corker (R-TN) offered an alternative proposal that aims to end the impasse over one of the legislation's most controversial issues - consumer financial protection


New York Insurance Department considering requesting lower federal tax rate
  • Locke Lord LLP
  • USA
  • March 8 2010

According to media reports, New York Insurance Department (the “Department”) Superintendent James Wrynn announced at a membership meeting of the Association of Insurance & Reinsurance Run-Off Companies (AIRROC) that the Department’s tax working group is reviewing whether a revived New York Insurance Exchange (the “Exchange”) should request a lower federal corporate tax rate


Contingent commissions allowed for “Big Three” insurance brokers in New York, Illinois and Connecticut
  • Locke Lord LLP
  • USA
  • March 8 2010

Insurance regulators in New York, Illinois and Connecticut have reached an agreement to allow Aon Corp., Marsh & McLennan Companies Inc. and Willis Group Holdings plc (the “Big Three”) to receive contingent commission compensation from insurance carriers