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Results: 1-10 of 409

Minnesota to lower surplus lines stamping fee
  • Locke Lord LLP
  • USA
  • July 1 2010

The Minnesota Department of Commerce will lower the surplus lines stamping fee from 0.0025 to 0.0008, effective January 1, 2011


Third Circuit holds that professional services exclusion in general liability policy applies to all allegations arising out of architect’s work and insurers had no duty to defend
  • Locke Lord LLP
  • USA
  • January 6 2010

The Court of Appeals for the Third Circuit, applying New Jersey law, recently held that all claims against an insured architectural firm arising out of the firm’s architectural work on a parking garage that later collapsed are not covered under its general liability policies due to professional services exclusions


Ninth Circuit affirms ruling that reinsurer has no duty to contribute to settlement payment where reinsured excess policy was not triggered
  • Locke Lord LLP
  • USA
  • July 2 2010

Texas Farmers Insurance Company ("Texas Farmers") issued claims-made insurance policies (transformed into occurrence-based policies through endorsement) to Kaiser Permanente, a medical facility, for the policy periods of 4999-4900, 4900-4901, and 4901-4902


Massachusetts Attorney General issues report stating managed competition of auto insurance has failed
  • Locke Lord LLP
  • USA
  • January 8 2010

At the end of December 2009, Massachusetts Attorney General Martha Coakley released a comprehensive report criticizing Massachusetts managed competition system for the deregulation of auto insurance


What Dodd’s retirement may mean for financial regulatory overhaul
  • Locke Lord LLP
  • USA
  • January 8 2010

Wednesday’s announcement that Senate Banking, Housing and Urban Affairs Committee Chairman Christopher Dodd (D-CT) will retire and not seek reelection in 2010 will surely have an impact on the large-scale financial regulatory overhaul effort he is currently shepherding through the Committee


New York Insurance Department holds hearing on reform of rate, form, regulatory filings and licensing applications
  • Locke Lord LLP
  • USA
  • June 30 2010

On June 28, 2010, the New York Insurance Department (the "Department") held a hearing to obtain comments from the public regarding how to enhance Department procedures


Chinese drywall judicial panel on multi-district litigation rules that insurance coverage matter should not be transferred to Chinese drywall MDL proceedings
  • Locke Lord LLP
  • USA
  • December 30 2009

On December 2, 2009 the Judicial Panel on Multi-District Litigation (“JPML”) rejected efforts to transfer an insurance coverage action to the federal Chinese Drywall Multi-District Litigation (“MDL”) pending in the Eastern District of Louisiana


Update: Bloomberg reports sharp decline in offshore oil rig drilling insurance as underwriters tack away from BP disaster-type risk
  • Locke Lord LLP
  • USA
  • July 13 2010

Citing a number of industry executives, Bloomberg recently reported that the Deepwater Horizon rig explosion causing the largest oil spill in U.S. history has prompted a reduction in the placement of insurance coverage for deepwater oil exploration


Senate tees up financial regulatory reform following healthcare victory
  • Locke Lord LLP
  • USA
  • March 25 2010

Top lawmakers met with President Obama Wednesday in order to regain momentum on financial regulatory reform legislation in Congress


Utah appoints Acting Insurance Commissioner
  • Locke Lord LLP
  • USA
  • March 26 2010

Neal T. Gooch has been appointed Acting Commissioner of the Utah Insurance Department ("UID"