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Seeing the finish line: courts increasingly exempt claims-made policies from the notice prejudice rule

USA - May 11 2015 In a majority of jurisdictions, the "notice-prejudice rule" provides that an insurer may not deny a claim on grounds of late notice without…

What the insurance industry should know about the IRS’s campaign against “abusive” micro captives

USA - June 29 2015 Though in the midst of a stifling budget and personnel reduction, the United States Internal Revenue Service (“IRS”) recently announced an increased…

Richard D. Euliss

Are custodial accounts guaranteed a guaranty?

USA - June 15 2015 The Insured Retirement Institute (IRI) is investigating whether state guaranty funds cover annuities housed in custodial accounts, including IRA…

Expect Focus: onboard technology, NAIC cybersecurity, DOL, ACA litigation, SEC regulation (Vol. III, Summer 2015)

USA - September 25 2015 Editors at Wired magazine recently engaged in a yearlong project to develop a means to hack the onboard computer of a Jeep, and override the driver’s…

Josephine Cicchetti, Stephen J. Jorden, Matthew E. Kohen, W. Glenn Merten, John C. Pitblado

U.K. court denies reinsurer’s suit to avoid reinsurance agreements

United Kingdom - July 27 2015 The Commercial Court (a subdivision of the Queen's Bench Division of the U.K.'s High Court of Justice), recently held that an underwriter could not…