August 27 2012
This has been an extraordinary year for cat bonds, with the largest single cat bond issue ever sold by a special purpose vehicle, the $750 million Everglades Re Florida hurricane risk cat bond, and a near record aggregate amount of risks placed in the market in a single year.
May 5 2010
A court has found that a reinsurer's (Global Reinsurance Corporation of America) maximum exposure under a facultative certificate is $1 million dollars, inclusive of expenses.
February 15 2013
A primary liability carrier usually owes no duty to excess insurers, even though those insurers bear the cost of excess judgments. If the primary…
April 6 2012
Approaching the one-year anniversary of the U.S. Supreme Court’s decision in AT & T Mobility, LLC v. Concepcion, --- U.S. ---, 131 S. Ct. 1740, 179 L. Ed. 2d 742 (2011), it is noteworthy that the Court has felt it necessary to reiterate its holding, as courts have interpreted it more narrowly than was intended.
June 6 2013
United Guaranty sought reconsideration of its motion to dismiss, which the Court denied in part due to Plaintiffs' successful equitable tolling…
June 5 2013
Plaintiff Backups Plus Computer Services, LLC (Backups) owned hard drives which failed. Plaintiff GF&C Holding Company (GF&C) was a client of Backups…
June 4 2013
Withdrawing its earlier opinion on rehearing, the Texas Court of Appeals held that New Hampshire Insurance Company ("New Hampshire") is judicially…
June 3 2013
Thomas Kinkade Company's suit against Nancy and David White was submitted to an arbitration proceeding in which, as the Sixth Circuit noted, "the…
May 30 2013
As we reported yesterday , a number of suits in recent years have been filed challenging lender and insurer practices regarding private mortgage…