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Results: 1-10 of 184

Third Circuit revives limited portions of in re: insurance brokerage antitrust litigation (MDL 1663)
  • Locke Lord LLP
  • USA
  • August 18 2010

Nearly three years after a federal district court dismissed with prejudice a nationwide class action alleging antitrust and RICO claims against insurers and brokers in connection with contingent commission arrangements, the Third Circuit Court of Appeals has revived a limited swath of plaintiffs' claims


California appeals court affirms ruling that Section 28 tax does not apply to surplus lines insurers
  • Locke Lord LLP
  • USA
  • October 7 2010

On September 30, 2010, the California Court of Appeal for the Second Appellate District affirmed a superior court ruling that California Constitution Section 28 taxes do not apply to surplus lines insurers


“Bare averment” insufficient to maintain bad faith claim in New Jersey for underinsured-motorist benefits
  • Locke Lord LLP
  • USA
  • August 30 2010

A New Jersey federal judge dismissed a bad-faith claim for underinsured-motorist benefits, finding that Plaintiff's complaint lacked necessary factual support and did not rise above the level of "bare averment."


Insurers’ law firm engaged in multi-pronged legal battle against accused Ponzi artist
  • Locke Lord LLP
  • USA
  • September 8 2010

The law firm of Akin Gump Strauss Hauer & Feld, LLP is seeking to quash a subpoena from accused Ponzi schemer Allen Stanford in the U.S. District Court for the Southern District of Texas, where Mr. Stanford’s criminal case is pending


Court rules D&O policy’s Side-A benefits not property of bankrupt estate
  • Locke Lord LLP
  • USA
  • September 9 2010

A Maryland bankruptcy court has declared that Side A benefits under a D&O policy are not property of the bankrupt estate, with the result that two former executives who have been accused of making illegal payments and diverting funds from their former employer to start a new venture may be able to recoup certain defense costs


Update from RAA Re Contracts Conference presentation on extra contractual obligations and losses in excess of policy limits
  • Locke Lord LLP
  • USA
  • July 23 2010

We have been tracking developments at the RAA Re Contracts Conference, which took place this week in New York, as previously reported on www


New York federal court vacates arbitration award based on evident partiality
  • Locke Lord LLP
  • USA
  • April 26 2010

Scandinavian Reinsurance Company Limited (“Scandinavian Re”) and St. Paul Fire & Marine Insurance Company, St. Paul Reinsurance Company, Ltd. and St. Paul Re (Bermuda) Ltd. (collectively “St. Paul”) entered into a retrocessional agreement under which St. Paul ceded a portion of its casualty reinsurance portfolio to Scandinavian Re


Connecticut federal court awards summary judgment in favor of insurer due to insured’s failure to cooperate
  • Locke Lord LLP
  • USA
  • September 25 2009

A Connecticut district court recently awarded summary judgment in favor of an insurance company due to the insured’s failure to cooperate in the insurer’s investigation of a claim


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


Sixth Circuit finds court order requiring insurer to produce privileged documents not clearly erroneous
  • Locke Lord LLP
  • USA
  • October 23 2009

The Sixth Circuit recently denied an insurer’s petition for a writ of mandamus to vacate a discovery order compelling the production of information which the insurer argued was protected from discovery by the work-product andor attorney-client privileges