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Colleges’ Liability for Defaulting Parents Narrowing?
  • Akerman LLP
  • USA
  • March 30 2018

Good news for colleges: Connecticut may be on the leading edge of a trend to bar bankruptcy trustees from pursuing colleges when parents default on

Bankruptcy and Creditors' Rights News: Distressed Assets in Connecticut: What to Know Before Jumping In
  • Murtha Cullina LLP
  • USA
  • March 18 2016

There are many benefits for out of state lenders or investors looking to engage in business in Connecticut, one of the wealthiest (per capita) states

Connecticut to require licensing of employees of third-party loan processors and underwriters
  • Ballard Spahr LLP
  • USA
  • October 4 2012

Connecticut has provided clarification of loan processor and underwriter licensing.

Connecticut prohibits employer use of credit reports in employment decisions
  • Epstein Becker Green
  • USA
  • July 26 2011

On July 13, 2011, Connecticut Governor Dan Malloy signed into law Public Act No. 11-223 (the "Act"), which prevents the use of credit reports by certain employers in hiring and other employment decisions.

Dishonesty exclusion bars coverage for lawsuits arising out of insured's admitted participation in mortgage fraud scheme
  • Wiley Rein LLP
  • USA
  • March 31 2011

The United States District Court for the District of Connecticut, applying Connecticut law, has ruled that the dishonesty exclusion in a lawyers' professional liability policy bars coverage for lawsuits arising out of the insured's participation in a mortgage fraud scheme.

Connecticut AG discusses possible foreclosure settlement provisions
  • Winston & Strawn LLP
  • USA
  • January 24 2011

On January 18th, Bloomberg reported the remarks of Connecticut Attorney General George Jepson on the possible terms of a state settlement with mortgage lenders concerning foreclosure practices.

Reserves information discoverable only where bad faith is sufficiently alleged
  • Wiley Rein LLP
  • USA
  • May 21 2010

Applying Connecticut law, the Superior Court of Connecticut has determined that a title insurer's reserve information was not discoverable because no claim for bad faith had been alleged by the plaintiff, the assignee of a loan for which the defendant allegedly issued a letter of protection.

Connecticut trial court awards judgment in favor of insured and rejects insurer’s theory that insured’s lack of income was motive for loss where insured had other assets
  • Locke Lord LLP
  • USA
  • September 14 2009

A Connecticut trial court recently awarded judgment, following a bench trial, in favor of an insured who sought coverage from her insurance company for her vehicle after it was stolen and destroyed by fire.

Connecticut insurance commissioner reminds industry members to not speak poorly about their competitors
  • Locke Lord LLP
  • USA
  • April 22 2009

On April 20, 2009, Commissioner Sullivan (the "Commissioner") of the Connecticut Insurance Department (the "Department") released Bulletin IC22 (the "Bulletin"), which serves as a reminder to chief executive officers of all insurance companies licensed in the State of Connecticut of their responsibility to not harm the public’s confidence in the insurance industry and to not engage in unfair trade practices.

Connecticut District Court holds underwriter’s testimony insufficient to support summary judgment on rescission
  • Wiley Rein LLP
  • USA
  • October 20 2008

The United States District Court for the District of Connecticut, applying Connecticut law, has denied an insurer’s summary judgment motion seeking rescission.