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Results: 1-10 of 391

What is happening to AIG?
  • Reed Smith LLP
  • USA
  • March 2 2009

This morning, March 2, 2009, American International Group, Inc. ("AIG") announced a loss of $61.7 billion for the fourth quarter of 2008, a total net loss for 2008 of $99.29 billion, and a major restructuring of its operations, including a new federal infusion of $30 billion, forgiveness of certain debts, and relaxation of prior bailout terms


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


Does your cyber risk policy protect you in the event of an insider attack or data breach?
  • Reed Smith LLP
  • USA
  • October 14 2014

Protecting a company against data breaches requires not only measures to prevent the adverse cyber event, but also adequate insurance to minimize the


Of phantom damages, collateral sources, and windfalls
  • Reed Smith LLP
  • USA
  • October 9 2014

We don't discuss damages much, except to fulminate about punitive damages. Why is that? We're not entirely sure, but to some extent not discussing


Congress’ failure to extend Terrorism Risk Insurance Act requires policyholders to act diligently before January 1
  • Reed Smith LLP
  • USA
  • December 18 2014

With the recent uptick in terrorist activity omnipresent in the news, the need for financial protection against the effects of terrorism is plainly


Stryker bests XL in long-running insurance battle
  • Reed Smith LLP
  • USA
  • June 12 2012

Last week, the Sixth Circuit ruled largely in favor of Stryker Corporation in its effort to secure insurance coverage from XL Insurance America


Pennsylvania courts struggle with insurance coverage for defective product claims
  • Reed Smith LLP
  • USA
  • January 28 2013

In 2012, Judge Wettick of the Allegheny County Court of Common Pleas issued two decisions that have the potential to significantly limit the


Another listeria outbreak reminds food industry to revisit insurance program
  • Reed Smith LLP
  • USA
  • December 22 2014

On December 19, the U.S. Centers for Disease Control and Prevention (CDC) recommended that U.S. consumers not eat any commercially produced


Cyber, data-security liability claims: coverage under traditional lines of insurance
  • Reed Smith LLP
  • USA
  • September 8 2014

Recent, large-scale data breaches at several well-known companies underscore the substantial risk that businesses now face with respect to cyber


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