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NY High Court’s ‘All Sums’ Allocation Ruling in Viking Pump is a Game Changer
  • Reed Smith LLP
  • USA
  • May 4 2016

Yesterday, New York's high court took a giant step forward in protecting policyholders facing latent injury claims, allowing them to avoid multiple


Companies can insure against cyber ransom
  • Reed Smith LLP
  • USA
  • February 18 2016

National Public Radio and other news outlets are reporting that a Los Angeles-area hospital recently paid a $17,000 ransom (in the form of 40


Consumer privacy issues abound in the Dodd-Frank Wall Street Reform and Consumer Protection Act
  • Reed Smith LLP
  • USA
  • July 20 2010

With President Obama scheduled to sign the Dodd-Frank Wall Street Reform and Consumer Protection Act this week, the financial services industry faces a rapidly changing regulatory environment


Insurer declaratory action: to stay or not to stay?
  • Reed Smith LLP
  • USA
  • May 27 2015

This month's edition of For the Defense magazine focuses on insurance law. That makes sense. It is difficult to do much defending without bumping


Subrogation waivers: they can protect both the landlord and tenant
  • Reed Smith LLP
  • USA
  • September 9 2014

Subrogation is the principle under which an insurer that has paid a loss under an insurance policy is entitled to all of the rights and remedies


The Pennsylvania Superior Court continues to muddle the answer to the question of when faulty workmanship is an “occurrence” under a CGL policy
  • Reed Smith LLP
  • USA
  • February 16 2015

Pennsylvania courts continue to struggle with complex concepts underpinning when faulty workmanship can be an "occurrence" triggering coverage under


Hurricane Season: Time to Determine Whether You're Covered for Weather
  • Reed Smith LLP
  • USA
  • May 2 2016

June 1 brings the beginning of the 2016 hurricane season. These storms have the potential to cause devastating damage for companies who own property


Finding coverage for “additional insured,” Third Circuit cautions that “insurer cannot bury its head in the sand”
  • Reed Smith LLP
  • USA
  • February 22 2016

Using the “four corners” rule, the U.S. Court of Appeals for the Third Circuit decided in Ramara, Inc. v. Westfield Insurance Co., No. 15-1003 (3d


Lincoln General Insurance Company enters liquidation in Pennsylvania
  • Reed Smith LLP
  • USA
  • November 13 2015

The Insurance Commissioner of Pennsylvania has placed Lincoln General Insurance Company into liquidation in Pennsylvania. As a result, the Insurance


Creditor defeats preference action based on ‘new value’ defense
  • Reed Smith LLP
  • USA
  • June 12 2013

As a condition to issuing a surety bond, the insurer required the insured to obtain a Letter of Credit in favor of the insurer. To obtain the LOC, the