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Last week in DC: the healthcare reform debate February 1, 2010
  • Locke Lord LLP
  • USA
  • February 1 2010

Healthcare reform efforts remained in flux last week, as President Obama sought to repackage his party's priorities in the wake of the shocking Republican victory in Massachusetts on January 19


House Financial Services Committee hearing schedule - February 2010
  • Locke Lord LLP
  • USA
  • February 1 2010

As you know, Congress and the Obama administration have placed significant focus this year upon reform of the financial services industry


Ninth Circuit holds that infringement of patented website feature constitutes "advertising injury"
  • Locke Lord LLP
  • USA
  • April 14 2010

The Ninth Circuit recently ruled that a general liability insurer must defend its insured against a patent infringement lawsuit relating to a feature on the insured's website


Sixth Circuit upholds an insured’s decision to amend its current policy so as to render a prior policy the sole primary insurance
  • Locke Lord LLP
  • USA
  • April 13 2010

On March 11, 2010, the Court of Appeals for the Sixth Circuit affirmed a district court decision permitting an insured to shift the burden of primary coverage for various securities-related claims to its previous insurer by purchasing an extended reporting period (ERP) and adding an endorsement to its current primary policy making it specifically excess of the prior policy


District of Columbia appoints new Commissioner
  • Locke Lord LLP
  • USA
  • September 2 2009

On August 28, 2009, the District of Columbia Department of Insurance, Securities and Banking (“DISB”) issued a press release announcing that Thomas E. Hampton has stepped down as Commissioner of the DISB


Hedge fund closes two of its funds and liquidates holdings
  • Locke Lord LLP
  • USA
  • September 3 2009

According to press reports, Atticus Capital announced recently that it would shut down two of its three funds and liquidate their $3 billion in holdings


Ninth Circuit Court of Appeals reverses summary judgment and holds against insurer in bad faith action related to uninsured motorist claim
  • Locke Lord LLP
  • USA
  • August 27 2009

The Ninth Circuit Court of Appeals recently reversed an award of summary judgment that had been in favor of an insurer in a bad faith action regarding an uninsured motorist claim, and found against the insurer


Katrina: Mississippi Supreme Court finds that an anti-concurrent causation clause in a homeowners’ insurance policy does not exclude coverage for loss separately caused by wind and water
  • Locke Lord LLP
  • USA
  • November 2 2009

On October 8, 2009, the Mississippi Supreme Court issued its highly anticipated decision in Corban v. USAA Insurance Company, holding that the anti-concurrent causation ("ACC") clause in a homeowners’ insurance policy is inapplicable where both wind and water did not act in conjunction in causing Katrina-related damages


California enacts STOLI legislation
  • Locke Lord LLP
  • USA
  • October 19 2009

On October 11, 2009, California Governor Arnold Schwarzenegger signed S.B. 98 (the “Act”), which targets stranger originated life insurance (“STOLI”) transactions


Michigan Democrats advocate consumer protection legislation regarding bad faith claims denials
  • Locke Lord LLP
  • USA
  • July 31 2009

Democrats in the Michigan House are supporting about a dozen consumer protection bills that address unfair trade and "bad faith" claims practices by insurance companies