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Illinois Supreme Court holds that insurer must cover statutory liquidated damages

USA - March 5 2014 Before settling a lawsuit, policyholders should attempt to obtain the consent of any insurers whose policies may fund the settlement, including…

Brian S. Scarbrough.

FDIC issues statement on D&O insurance exclusions and civil money penalties

USA - October 21 2013 On October 10, 2013, the Federal Deposit Insurance Corporation (FDIC) advised regulated financial institutions to be wary of "an increase in…

Brian S. Scarbrough.

Federal Court Sets A Deadline For Insurers To Acknowledge Their Duty To Defend

USA - February 29 2016 Statutes and regulations rarely specify an exact deadline for how long an insurer can delay before forfeiting its right to control the defense…

Twitter May Face Trial for Alleged Tweet Spam

USA - August 29 2016 Last month, Twitter was dealt a setback in a case where it is accused of sending unwanted texts with "recycled" phone numbers in violation of the…

Cyber hacking and “voluntary” remedies: bank’s refund to hacking victim held to be eligible for coverage

USA - November 3 2014 Earlier this month, a district court in Pennsylvania held that an insurer could not avoid indemnifying its insured, a bank, for a payment it made to…

Matthew L. Jacobs.