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Results: 1-10 of 295

Connecticut trial court holds that “general business practice” element of an unfair settlement practice claim requires multiple acts of misconduct against multiple insureds
  • Locke Lord LLP
  • USA
  • February 5 2010

A Connecticut trial court recently held that the “general business practice” element of an unfair settlement practice claim under the Connecticut Unfair Insurance Practices Act, Conn. Gen. Stat. 38a-816(6) (“CUIPA”) requires that a plaintiff prove multiple unfair practices by an insurer against more than one insured


Connecticut jury awards $14.7 million against insurer for violation of Unfair Trade Practices Act in auto body shop class action lawsuit
  • Locke Lord LLP
  • USA
  • February 8 2010

In a class action lawsuit brought by various auto body shops and the Auto Body Association of Connecticut, a Connecticut jury recently rendered a $14.7 million verdict against an insurance company for allegedly violating the Connecticut Unfair Trade Practices Act


PLUS D&O symposium: afternoon session II
  • Locke Lord LLP
  • USA
  • February 4 2010

During the second afternoon session of the first day of the PLUS D&O Symposium, the panelists discussed the complex underwriting issues that arise when the company to be insured is insolvent, in bankruptcy, or close to bankruptcy


Utah appoints Acting Insurance Commissioner
  • Locke Lord LLP
  • USA
  • March 26 2010

Neal T. Gooch has been appointed Acting Commissioner of the Utah Insurance Department ("UID"


Oil rig’s insured losses estimated to be $4 billion to $6 billion
  • Locke Lord LLP
  • USA
  • August 12 2010

According to a recent article in Business Insurance, risk management consulting firm Towers Watson & Co. estimates that commercially insured losses from the explosion at the Deepwater Horizon oil rig in the Gulf of Mexico will be between $4 billion and $6 billion


California sets deadlines for 2010 application reviews
  • Locke Lord LLP
  • USA
  • August 18 2010

The California Department of Insurance (the "CDI") has issued a notice establishing deadlines for all applications seeking approval by 2010 year-end


Bed bugs the next big bug for business interruption insurers?
  • Locke Lord LLP
  • USA
  • November 29 2010

Bed bugs are quickly becoming the bug du jour


Chinese drywall - manufacturers still refusing to compensate U.S. homeowners
  • Locke Lord LLP
  • USA
  • January 12 2011

Inez Tenenbaum, the head of the U.S. Consumer Product Safety Commission, said this week that the U.S. has not been able to persuade Chinese officials to agree to compensate U.S. homeowners for losses associated with Chinese manufactured drywall


Illinois federal court rules that reinsurer’s motion to vacate arbitration award is untimely under the Federal Arbitration Act
  • Locke Lord LLP
  • USA
  • November 4 2010

R&Q Reinsurance Co. v. American Motorist Ins. Co., involved a dispute arising under a series of reinsurance treaties entered into by the parties


NAIC releases derivatives risk mitigation proposal for comment
  • Locke Lord LLP
  • USA
  • August 24 2010

The National Association of Insurance Commissioners ("NAIC") has released a derivatives risk mitigation proposal ("Proposal") prepared by the American Council of Life Insurers ("ACLI") for interim comment