We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 297

Pennsylvania federal court dismisses bad faith claim as subsumed by breach of contract claim, but allows statutory bad faith claim
  • Locke Lord LLP
  • USA
  • June 17 2010

Recently, a Pennsylvania federal court dismissed a bad faith claim against an insurer on the grounds that the claim was subsumed by the plaintiff's breach of contract claim in the same proceeding


California issues proposed emergency regulations to implement life settlement law
  • Locke Lord LLP
  • USA
  • June 23 2010

On June 11, 2010, the California Insurance Department issued proposed regulations, on an emergency basis, to implement Senate Bill 98 (“SB”), which repealed existing viatical settlement statutes and enacted life settlement statutes


Third Circuit holds that drunken shooting attempt is not an “accident” for purposes of insurance coverage
  • Locke Lord LLP
  • USA
  • June 15 2010

The Third Circuit recently held that an insured who, while intoxicated, allegedly attempted to shoot another person was not covered under his homeowner's insurance policies for the resulting liability, as the attempted shooting could not constitute an "accident."


State insurance commissioners make their case for inclusion in the Financial Stability Oversight Council
  • Locke Lord LLP
  • USA
  • June 18 2010

In a letter from the National Association of Insurance Commissioners (the "NAIC") to both House and Senate leaders, state insurance commissioners urged lawmakers to designate a non-voting seat for state banking, insurance and securities regulators on the Financial Stability Oversight Council (the "FSOC"


Moody’s estimates that BP spill could cost insurers $3.5 billion
  • Locke Lord LLP
  • USA
  • June 16 2010

The still-growing Deepwater Horizon oil spill in the Gulf of Mexico could combine with a hurricane to cause devastation along the Gulf Coast and trigger trouble for insurers, Moody's warned


Insurance turning “green” in California: lawmakers propose tax credit for insurers who invest in “green” tech projects
  • Locke Lord LLP
  • USA
  • September 2 2010

California legislators are ready to pass a bill to entice insurance companies to invest in "green" technology projects in low- and moderate-income urban and rural communities


The Dodd-Frank Act: the U.S. government turns its attention to insurance regulation
  • Locke Lord LLP
  • USA
  • September 2 2010

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) is the latest development in the ongoing saga of state versus federal regulation of insurance


Federal district court finds that arbitrator lacks the authority to issue pre-hearing deposition subpoena to non-party under the Federal Arbitration Act
  • Locke Lord LLP
  • USA
  • August 31 2010

Helene Tomasian, a non-party to an arbitration between Ware and C.D. Peacock, Inc., moved to quash an arbitrator’s subpoena compelling her attendance at a pre-hearing deposition


Second Circuit finds that reinsurer’s fraud claims are not arbitrable, but reverses district court’s judgment and holds that those claims are time-barred, relieving cedents of liability
  • Locke Lord LLP
  • USA
  • September 1 2010

Defendants, certain ceding companies, appealed a judgment from the U.S. District Court for the Southern District of New York holding them liable for fraudulently inducing the plaintiff reinsurer to enter into two reinsurance facilities


California legislature passes significant surplus lines reforms
  • Locke Lord LLP
  • USA
  • September 1 2010

On August 19, 2010, the California Legislature passed two bills, AB 1708 and AB 1837, which if signed into law by Governor Arnold Schwarzenegger will have a significant impact on surplus lines insurers