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Results: 1-10 of 418

New York Attorney General files response to Article 78 petition to prevent the producer compensation disclosure requirements of Regulation 194; petitioners gear up for rebuttal
  • Locke Lord LLP
  • USA
  • August 13 2010

Earlier this year, the Independent Insurance Agents and Brokers of New York (the "IIABNY") and the Council of Insurance Brokers of Greater New York (the "CIBGNY") filed an Article 78 petition in New York State Supreme Court in Albany County against the New York Insurance Department (the "NYID") in order to prevent the mandatory producer compensation disclosure requirements of Regulation 194


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


Second Circuit: distinguishing between policy definitions subject to NY Insurance Law 3420(d)(2)’s timely disclaimer requirement as an exclusion and those that are not
  • Locke Lord LLP
  • USA
  • June 16 2010

In a decision issued on February 1, 2010, the United Stated Court of Appeals for the Second Circuit confirmed that under New York law some policy provisions, although placed outside of the policy's "Exclusions" section, may nonetheless be considered an exclusion and, therefore, subject to the timely disclaimer and denial requirement of NY Insurance Law 3420(d)(2


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


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


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


Chinese drywall first bellwether trial ongoing
  • Locke Lord LLP
  • USA
  • March 9 2010

The first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans and is ongoing


California court refuses to extend coverage for fire intentionally set by child under homeowner’s policy
  • Locke Lord LLP
  • USA
  • January 27 2010

Recently, a California Appeals Court denied coverage under a homeowner's policy for damages caused by a fire intentionally set by the insureds' son


Ohio District Court holds supplier of defective materials is not a subcontractor for purposes of exception to “your work” exclusion
  • Locke Lord LLP
  • USA
  • February 2 2010

In Mosser Constr. Inc. v. Travelers Indem. Co., Civil Action No. 3:08CV2363 (N.D. Ohio Oct. 26, 2009) (Zouhary, J.), an Ohio District Court was confronted with the question of whether a company that supplied crushed stone backfill to a general contractor is a “subcontractor” within the meaning of the insurance policy, or merely a “material supplier.”