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Results: 1-10 of 286

Connecticut proposes new regulation to protect seniors
  • Locke Lord LLP
  • USA
  • January 25 2010

The Connecticut Insurance Department issued a proposed regulation (the "Proposed Regulation") relating to use of senior-specific certifications and professional designations in the sale of life insurance and annuities


New York State Court denies motion to compel discovery of reinsurance and reserve information
  • Locke Lord LLP
  • USA
  • July 29 2010

In Mt. McKinley Ins. Co. v. Corning Inc., 2010 NY Slip Op 20235 (N.Y. Sup. Ct. June 14, 2010), an insured (“Corning”) moved to compel discovery of reinsurance and reserve information from its insurers, arguing that this information was relevant, material and necessary to its coverage claim


NY lower court holds that Insurance Law 3420(a) applies to lawyer’s claims-made malpractice policy
  • Locke Lord LLP
  • USA
  • November 19 2009

The New York Supreme Court, Erie County, recently held that a lawyers’ professional liability policy constitutes a "policy or contract insuring against liability for injury to person" within the meaning of Insurance Law 3420(a)(3)-(4


Presentation by Eithne McCarthy - the new Insurance Block Exemption Regulation
  • Locke Lord LLP
  • USA
  • April 22 2010

Eithne McCarthy, from the Financial Services Unit of the European Commission's Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society's Competition Section on 13 April 2010


NAIC adopts 2010 budget
  • Locke Lord LLP
  • USA
  • December 10 2009

The National Association of Insurance Commissioners (“NAIC”) adopted a $70.9 million operating budget for 2010 at its winter meeting in San Francisco on Monday, December 7


New Massachusetts Insurance Commissioner named
  • Locke Lord LLP
  • USA
  • February 10 2010

Joseph G. Murphy, the acting Massachusetts Insurance Commissioner, has been named the new Massachusetts Insurance Commissioner


Connecticut Superior Court held that insurer was not required to provide underinsured motorist coverage for insured’s family member
  • Locke Lord LLP
  • USA
  • February 5 2010

A Connecticut Superior Court recently awarded summary judgment in favor of an insurer on the basis that an insured’s family member who resides in the insured’s household is not entitled to underinsured motorist benefits if they are similarly not entitled to liability coverage under the family member’s policy


First Circuit: no coverage under a D&O policy where the underlying complaint does not specifically name an officer or director
  • Locke Lord LLP
  • USA
  • November 12 2009

The U.S. Court of Appeals for the First Circuit recently held that coverage under a directors and officers liability insurance policy is not available for claims against unnamed officers or directors


A Connecticut Superior Court denies insurer's motion to strike counts alleging bad faith and violations of CUTPA
  • Locke Lord LLP
  • USA
  • January 7 2010

In Vincoli v. Hartford Underwriters Ins. Co., FST-CV-09-5009591-S (Conn.Super. Sept. 24, 2009), a Connecticut Superior Court recently denied an Insurer's motion to strike counts alleging bad faith and violations of CUTPA from a complaint


Texas to hold public hearing regarding use of discretionary clauses in insurance contracts
  • Locke Lord LLP
  • USA
  • December 3 2009

The Texas Department of Insurance ("TDI") has planned a public hearing for Wednesday, December 9, 2009, on whether the TDI should adopt a rule banning the use of discretionary clauses in insurance contracts