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Locke Lord LLP | USA | 16 Jul 2010

Minnesota federal court rejects "capacity" limitation as to insured vs. insured exclusion

The U.S. District Court for the District of Minnesota recently dismissed a directors and officers liability coverage suit, rejecting plaintiffs' argument that an underlying suit had to be brought by the insured in his capacity as an insured in order to implicate the policy's insured vs. insured exclusion.


Locke Lord LLP | USA | 1 Jul 2010

Minnesota to lower surplus lines stamping fee

The Minnesota Department of Commerce will lower the surplus lines stamping fee from 0.0025 to 0.0008, effective January 1, 2011.


Locke Lord LLP | USA | 11 Jan 2010

Minnesota district court grants summary judgment to insurer based upon broadly worded Product Exclusion

The United States District Court for the District of Minnesota recently granted an insurer’s motion for summary judgment based upon its finding that the underlying claims were excluded by the policy’s broadly worded Product Exclusion.


Locke Lord LLP | USA | 29 Dec 2009

Minnesota Department of Commerce revokes producer license in an insurable-interest case

In April 2009, the Minnesota Department of Commerce (the "Department") summarily suspended the insurance licenses of Michael Antonello and the insurance agency for which he served as chairman, Wealth Management Advisors, LLC ("Wealth Management"), for alleged dishonest practices in connection with the sale of life insurance policies and related Stranger Originated Life Insurance ("STOLI") transactions.


Locke Lord LLP | USA | 28 Oct 2009

Minnesota governor proposes changes to state law to allow for the purchase of health insurance policies across state lines and the creation of an interstate health insurance compact

Governor Time Pawlenty (R-MN) recently outlined a set of proposed healthcare reforms to be considered during Minnesota's 2010 legislative session.


Locke Lord LLP | USA | 7 Aug 2009

D&O insurers seek relief from automatic stay in order to assert coverage defense counterclaims against investment firm insureds

Two D&O insurers have asked the U.S. Bankruptcy Court for the District of Minnesota to lift an automatic stay in a bankruptcy proceeding pending against their insureds so that the insurers can pursue their coverage defenses as counterclaims against the insureds in a pending declaratory judgment action.

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