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Court confirms arbitration award relating to three arbitration agreements and orders certain documents unsealed
  • Carlton Fields
  • USA
  • May 4 2016

The court confirmed a final arbitration award in favor of the Petitioner, Employers Insurance Company of Wausau (“Wausau”), pursuant to Section 9 of


New York’s Highest Court Holds All Sums Allocation And Vertical Exhaustion Applied To Excess Insurance Coverage For Asbestos Claims
  • Locke Lord LLP
  • USA
  • May 4 2016

On May 3, 2016, the Court of Appeals of New York issued its opinion in In re Viking Pump, No. 59, 2016 WL 1735790, and found that "all sums"


Viking Pump: New York Court of Appeal Holds That Consolidated Edison Pro Rata Allocation Rule and Horizontal Exhaustion Rule Do Not Apply Under Facts of Case
  • Duane Morris LLP
  • USA
  • May 4 2016

The New York Court of Appeal on Tuesday, May 3, held that the Consolidated Edison pro rata allocation rule does not apply where the policies have


Wrongful denial of insurance coverage in FL: how do bad faith claims work?
  • Jimerson & Cobb P.A.
  • USA
  • May 4 2016

When you purchase an insurance policy, your expectation is that you will be covered in unanticipated circumstances. However, if your insurer ends up


Basic-Supplemental Life Insurance Plan Pricing Structure Upheld in ERISA Class Action
  • Sutherland Asbill & Brennan LLP
  • USA
  • May 4 2016

An employee benefit plan that includes an alleged subsidization component for its basic and supplemental options is neither prohibited by the


IRS Announces Limits for Health Savings Accounts and High-Deductible Health Plans for 2017
  • McDermott Will & Emery
  • USA
  • May 3 2016

Recently the Internal Revenue Service (IRS) announced (see Revenue Procedure 2016-28) cost-of-living adjustments to the applicable dollar limits for


MA Changes Shift Funding and Add Uncertainty to Already Complex Payment Methodologies
  • McDermott Will & Emery
  • USA
  • May 3 2016

The Centers for Medicare & Medicaid Services has enacted significant changes to Medicare Advantage (MA) payment methodologies that will shift payment


FIFA Official Beats the Offside Trap: Court Orders Insurers to Advance Defense Costs
  • Orrick, Herrington & Sutcliffe LLP
  • USA
  • May 3 2016

Last week, in a coverage match hosted by the Eastern District of New York, the referee ordered insurers to advance defense costs to Eduardo Li, a


FINRA Regulatory Matters at a Glance: What Compliance Officers Need to Know - April 2016
  • Winston & Strawn LLP
  • USA
  • May 3 2016

Trade Reporting and Compliance Engine (TRACE): Exemption from Trade Reporting Obligation for Certain Transactions on Alternative Trading Systems


New York Court of Appeals Reaffirms Contract Language Controls Allocation and Exhaustion Methodologies
  • Squire Patton Boggs
  • USA
  • May 3 2016

Long-tail claims from asbestos and other toxic exposures have plagued policyholders and their insurers for decades. Myriad issues arise when trying