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Results: 1-10 of 149

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


The problem of piracy reaches the English High Court
  • Locke Lord LLP
  • United Kingdom
  • July 2 2010

The case of Cosco Bulk Carrier Co. Ltd v Team-Up Owning Co. Ltd 2010 EWHC 1340 (Comm) was an appeal to the High Court of a decision by an arbitration panel


Connecticut District Court: insurer's default judgment does not necessarily preclude litigation in subrogation action
  • Locke Lord LLP
  • USA
  • July 12 2010

A Connecticut District Court recently held that plaintiffs, who brought a subrogation action to recover a judgment entered in their favor in an underlying legal malpractice action against their attorneys, were entitled to litigate coverage issues even though the attorneys' insurer obtained a default judgment against the attorneys in a separate coverage action


West Virginia Human Rights Act prohibits discrimination by insurer in the settlement of property claim
  • Locke Lord LLP
  • USA
  • July 12 2010

In a recent decision, the Supreme Court of Appeals of West Virginia concluded that the West Virginia Human Rights Act prohibits discrimination by an insurer in the settlement of a property claim


District of New Jersey dismisses securities fraud claims against company that suffered data breach
  • Locke Lord LLP
  • USA
  • March 29 2010

Late last year, the United States District Court for the District of New Jersey dismissed a securities fraud litigation that had been brought against a payment card processor in connection with the theft, by cybercriminals, of credit and debit card information from the company's computer system


Law Commission publishes paper on damages for late payment and the insurer's duty of good faith
  • Locke Lord LLP
  • United Kingdom
  • March 26 2010

The Law Commission has published an Issues Paper considering whether an insurer should be liable for loss caused as a result of its unjustified refusal to pay a claim


The effect of an arbitration agreement in an insurance policy
  • Locke Lord LLP
  • Hong Kong
  • March 30 2010

The recent High Court judgment in Rondabosh International Ltd v China Ping An Insurance (Hong Kong) Co Ltd 2009 HKEC 2103 demonstrates the effect of an arbitration agreement in an insurance policy


High Court rules no liability for lack of timely notice
  • Locke Lord LLP
  • United Kingdom
  • April 7 2010

The English High Court, in Loyaltrend Limited and Sye Razvi v Brit UW Limited & Others 2010 EWHC 425 (Comm), ruled in favour of the Second Defendant (Brit) because the Claimants failed to notify the insurer in a timely manner as specified in the policy


High Court refuses compensation for "toxic sofa" victims for breach of claims control clause
  • Locke Lord LLP
  • United Kingdom
  • March 30 2010

The English High Court, in Clare Horwood & Others v Land of Leather (In Administration) & Zurich Insurance PLC & Others 2010 EWHC 546 (Comm), held that Zurich did not have to pay compensation to customers who suffered burns from "toxic sofas" sold by the now-defunct Land of Leather


Cornerstone’s review and analysis of 2009 securities class action settlements
  • Locke Lord LLP
  • USA
  • March 29 2010

Cornerstone Research released its report on its review and analysis of 2009's securities class action settlements