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Results: 1-10 of 297

Massachusetts court says subrogation waiver can survive project completion
  • Locke Lord LLP
  • USA
  • September 7 2010

In a case of first impression, the Massachusetts Appeals Court has ruled that an insured's waiver of its carrier's subrogation rights can survive the completion of a construction project


Massachusetts Appeals Court affirms dismissal of action against business owner policy by mortgagee
  • Locke Lord LLP
  • USA
  • September 8 2010

The Massachusetts Appeals Court recently affirmed the Superior Court's granting of an insurer's motion to dismiss after finding that the standard mortgage clause in a business owner's policy did not confer coverage on a mortgagee for loss of rent where the mortgagor had executed an assignment of rent in the event of default


First Circuit remands D&O coverage dispute for allocation
  • Locke Lord LLP
  • USA
  • November 2 2010

Reversing a district court holding to the contrary, the First Circuit has declared that Massachusetts public policy does not prohibit D&O carriers from insuring against damages allegedly incurred by one class of shareholders as a result of an unfair benefit conferred on another class of shareholders


NAIC adopts model regulation for final medical loss ratios
  • Locke Lord LLP
  • USA
  • November 4 2010

On October 21, 2010, the Executive and Plenary committees of the National Association of Insurance Commissioners ("NAIC") voted to adopt a model regulation containing the definitions and methodologies for calculating medical loss ratios as stipulated under the Patient Protection and Affordable Care Act ("PPACA"


Court finds insurers no longer required to advance defense costs for certain Stanford individuals due to money laundering exclusion
  • Locke Lord LLP
  • USA
  • November 2 2010

After a preliminary injunction hearing, the United States District Court for the Southern District of Texas has determined that D&O insurers for the Stanford Financial Group and various related entities are no longer required to advance defense costs relating to criminal charges and civil litigation filed against Mark Kuhrt, Gilbert Lopez and R


Emergency rule proposes workers’ compensation rate hikes of 12 in Washington State
  • Locke Lord LLP
  • USA
  • November 16 2010

Last week, the Washington Department of Labor and Industries (the "Department") announced that it will increase workers' compensation insurance premiums on average by 12 percent, or 6


New York Attorney General files response to Article 78 petition to prevent the producer compensation disclosure requirements of Regulation 194; petitioners gear up for rebuttal
  • Locke Lord LLP
  • USA
  • August 13 2010

Earlier this year, the Independent Insurance Agents and Brokers of New York (the "IIABNY") and the Council of Insurance Brokers of Greater New York (the "CIBGNY") filed an Article 78 petition in New York State Supreme Court in Albany County against the New York Insurance Department (the "NYID") in order to prevent the mandatory producer compensation disclosure requirements of Regulation 194


Connecticut Supreme Court limits Attorney General’s power to disclose documents subpoenaed from insurer
  • Locke Lord LLP
  • USA
  • August 13 2010

Last week, the Connecticut Supreme Court issued a ruling in which it placed several restrictions on the uses that the Connecticut Attorney General (AG) may make of documents subpoenaed from a Florida-based insurer during an antitrust investigation


Ninth Circuit affirms ruling that reinsurer has no duty to contribute to settlement payment where reinsured excess policy was not triggered
  • Locke Lord LLP
  • USA
  • July 2 2010

Texas Farmers Insurance Company ("Texas Farmers") issued claims-made insurance policies (transformed into occurrence-based policies through endorsement) to Kaiser Permanente, a medical facility, for the policy periods of 4999-4900, 4900-4901, and 4901-4902


New York Insurance Department holds hearing on reform of rate, form, regulatory filings and licensing applications
  • Locke Lord LLP
  • USA
  • June 30 2010

On June 28, 2010, the New York Insurance Department (the "Department") held a hearing to obtain comments from the public regarding how to enhance Department procedures