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Results: 1-10 of 295

New Jersey trial court cannot apportion defense costs based on claimed damages, but must apportion based on the reasonable value of the legal services rendered in defending the respective claims
  • Locke Lord LLP
  • USA
  • February 17 2010

The New Jersey Appellate Division in William H. Hall Co. v. Harleysville Ins. Co. of NJ (October 13, 2009) reversed and remanded a trial court’s decision in a declaratory judgment action following summary judgment motions made by the parties


IIABNY to sue New York over producer compensation disclosure regulation
  • Locke Lord LLP
  • USA
  • February 17 2010

The New York Insurance Department published the final version of its regulation regarding the transparency of insurance producer compensation ("Regulation 194") in the New York State Register on February 10, 2010


Federal Court enforces service of suit provision in reinsurance treaties, grants liquidator’s motion to remand lawsuit to state court
  • Locke Lord LLP
  • USA
  • February 16 2010

The Liquidator of Midland Insurance Company moved to remand to state court a lawsuit asserted against Dunav Re to recover for claims billed to Dunav Re by Midland under certain reinsurance treaties


Obama administration reiterates opposition of NFIP expansion to include windstorm coverage
  • Locke Lord LLP
  • USA
  • July 23 2010

The Obama Administration, through the Office of Management and Budget, has reiterated its position that it is against the expansion of the National Flood Insurance Program ("NFIP") to include coverage for windstorm damage


Massachusetts health insurers sue over rejected rate increases
  • Locke Lord LLP
  • USA
  • April 6 2010

Blue Cross Blue Shield of Massachusetts and the Massachusetts Association of Health Plans have sued the Massachusetts Division of Insurance (DOI) after the DOI's decision last week to reject most proposed rate increases for small businesses for the current calendar quarter


New York state court finds that follow the settlements doctrine does not apply
  • Locke Lord LLP
  • USA
  • July 21 2010

In American Home Assurance Co. v. American Re-Insurance Co., No. 60248506 (N.Y. Sup. Ct. May 27, 2010), the plaintiffs, several ceding companies, brought a declaratory judgment action against certain reinsurers (collectively, the “Reinsurers”) seeking reimbursement for portions of a settlement plaintiffs made with their insured, Monsanto Corporation


New York Insurance Department’s proposed circular letter re: the federal Mental Health Parity and Addiction Equity Act of 2008
  • Locke Lord LLP
  • USA
  • May 6 2010

On April 26, 2010, the New York Insurance Department (the "NYID") proposed a circular letter to provide additional guidance to insurers on the impact of the federal Mental Health Parity and Addiction Equity Act of 2008 (the "Act"


Medicare secondary payer reporting deadline extended
  • Locke Lord LLP
  • USA
  • February 25 2010

The Centers for Medicare & Medicaid Services ("CMS") has revised the timeline for non-group health plan ("NGHP") reporting under the Medicare secondary payer reporting provisions of Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 ("Section 111"


United States Solicitor General: the convention is not preempted by the McCarran-Ferguson Act
  • Locke Lord LLP
  • USA
  • September 24 2010

As our readers know, we have been following the developments in Louisiana Safety Association of Timbermen Self Insured Fund v. Certain Underwriters at Lloyd’s, London, et al., No. 09 945, a case under consideration for certiorari by the U.S. Supreme Court that concerns whether Article II of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, as implemented by Chapter 2 of the Federal Arbitration Act (the “FAA”), is an “Act of Congress” subject to the anti preemption provision of the McCarran Ferguson Act, 15 U.S.C. 1011, et seq


OFAC gives presentation on regulation of business important considerations for insurance and reinsurance
  • Locke Lord LLP
  • USA
  • September 27 2010

On September 23, 2010, David Brummond, Senior Sanctions Advisor for Insurance at the Office of Foreign Assets Control (“OFAC”) in the U.S. Treasury Department, gave a presentation at the HR Litigation Conference on International Economic Sanctions on “Regulation of Business Important Considerations for Insurance and Reinsurance.”