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Results: 1-10 of 297

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


Florida Supreme Court considering question of rental car company vicarious liability
  • Locke Lord LLP
  • USA
  • March 9 2010

On March 1, 2010, the Florida Supreme Court heard oral argument in Rafael Vargas v. Enterprise Leasing Company, et al., SC08-2269


NY court: insured may recover consequential damages absent insurer bad faith
  • Locke Lord LLP
  • USA
  • December 23 2009

On December 15, 2009, New York's Appellate Division for the First Department held that an insured need not allege or prove that its insurer acted in bad faith in order to recover consequential damages stemming from the insurer's breach of the policy


Unscrambling the Gramm-Leach-Bliley omelet
  • Locke Lord LLP
  • USA
  • December 23 2009

Sen. John McCain, R-Arizona, and Sen. Maria Cantwell, D-Washington, proposed on December 16, 2009 rebuilding the barriers separating commercial banks, investment banks and insurers established under the Depression Era Glass-Steagall Act


New Jersey Insurance Commissioner praises captive insurance bill and unveils reinsurance and surplus lines initiative
  • Locke Lord LLP
  • USA
  • May 13 2010

In a news release issued by the State of New Jersey Department of Banking and Insurance ("DOBI") on May 7, 2010 (the "News Release"), DOBI Commissioner Tom Considine applauded two pieces of proposed legislation which, he said, "would make some common sense changes to regulation and allow captive insurers, and carriers of reinsurance and surplus lines to operate more expansively in New Jersey."


California issues notice to education providers regarding new life settlement training requirements for brokers
  • Locke Lord LLP
  • USA
  • May 7 2010

The California Department of Insurance (the "DOI") issued a notice (the "Notice") to education providers on April 1, 2010, setting forth the new education requirements for life settlement brokers


Court examines duty to defend funeral homes accused of participation in organ harvesting
  • Locke Lord LLP
  • USA
  • December 23 2009

A federal judge in Pennsylvania recently examined whether an insurer must defend a crematorium and funeral home against several lawsuits alleging that they participated in an organ harvesting scheme


Partial repeal of McCarran-Ferguson Act dropped from Senate Health Reform Bill
  • Locke Lord LLP
  • USA
  • December 21 2009

Media reports indicate that Senator Patrick Leahy’s (D-VT) amendment to repeal the antitrust exemption under the McCarran-Ferguson Act for health insurers and medical malpractice insurers, has been removed from the latest version of the Patient Protection and Affordable Care Act (H.R. 3590


Louisiana House passes surplus lines exemption bill
  • Locke Lord LLP
  • USA
  • April 22 2010

As we previously reported here, the Louisiana House of Representatives scheduled a floor debate for April 21, 2010 on House Bill 285 (the "Bill"


Rhode Island proposes new service of process regulation
  • Locke Lord LLP
  • USA
  • February 23 2010

The Rhode Island Division of Insurance (the "Division") has scheduled a public hearing for March 2, 2010 to discuss the adoption of Proposed Regulation 114