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Results: 11-20 of 2,169

AIG to offer Takaful insurance products in the United States
  • Locke Lord LLP
  • USA
  • December 9 2008

On December 1, 2008, Risk Specialties Companies, Inc., a subsidiary of AIG Commercial Insurance announced its plan to offer Takaful homeowners insurance in the United States, the first installment in a series of insurance products compliant with Islamic Shar’iah law


Is your company complying with Illinois laws on group insurance continuation?
  • Locke Lord LLP
  • USA
  • February 16 2007

Many employers believe that by simply sending a former employee appropriate notice under the Consolidated Omnibus Budget Reconciliation Act ("COBRA"), they have adequately complied with applicable law


OFAC, AML and FCPA compliance - State Departments of Insurance lend a helping hand to Uncle Sam
  • Locke Lord LLP
  • USA
  • August 19 2009

While supervision and enforcement of international trade sanction, bribery and money laundering laws and regulations resides with federal authorities, the National Association of Insurance Commissioners (the "NAIC") and state insurance regulators are being drafted or voluntarily enlisting to assist Uncle Sam in the war on terror, drugs and those posing a threat to the safety and security of the United States


Treble damages available for seniors and disabled adults beyond CLRA claims but not UCL restitution claims
  • Locke Lord LLP
  • USA
  • August 11 2010

In an August 9, 2010 opinion, the California Supreme Court answered two previously unsettled questions regarding the ability of senior citizens and disabled adults to obtain a trebled award under California Civil Code section 3345


An Indiana court allows a bad-faith claim even though the insurer denied coverage correctly
  • Locke Lord LLP
  • USA
  • December 16 2013

Until last week, Indiana courts were strict in their treatment of an insurance bad-faith lawsuit. Not only must the plaintiff show ill will by the


Revised NAIC insurance holding company model act gains traction
  • Locke Lord LLP
  • USA
  • June 6 2012

As part of its solvency modernization initiative, the National Association of Insurance Commissioners (NAIC) adopted broad revisions to its model Insurance Holding Company System Regulatory Act and its Insurance Holding Company System Model Regulation (collectively, the Revised Model Law) in December of 2010


Reformation based on mutual mistake available under New Jersey law even when sought against third-party not involved in contract negotiations
  • Locke Lord LLP
  • USA
  • August 25 2011

On August 23, 2011, in the case of Illinois National Insurance Company v. Wyndham Worldwide Operations, Inc. (No. 10-3833), the Third Circuit Court of Appeals reversed the the District Court for the District of New Jersey, which had dismissed the insurer's action for declaratory judgment and granted summary judgment to the claimant upon holding that reformation based upon mutual mistake can never be sought against a third-party who did not participate in the negotiation of the contract


11th Circuit reinstates hurricane class-action lawsuit
  • Locke Lord LLP
  • USA
  • January 29 2008

In Mills v. Foremost Insurance Co., No. 06-16458 (Jan. 4, 2008), the 11th Circuit recently overturned the dismissal of Florida hurricane victims’ class-action lawsuit relating to mobile home damages


A Massachusetts court rejects the use of “usual and customary” medical provider payment data to prove reasonable reimbursement for chiropractic services
  • Locke Lord LLP
  • USA
  • February 14 2008

In a recent Massachusetts medical provider fee lawsuit which challenged an insurer’s reimbursement of a non-contracted provider at “usual, customary and reasonable” (“UCR”) rates, an appellate court held that the Ingenix 80th percentile provider payment data introduced by the insurer constituted neither “usual and customary” nor “fair and reasonable” reimbursement to this medical provider


Aon Energy settles with OFAC after alleged sanctions violations
  • Locke Lord LLP
  • Iran, USA
  • February 15 2011

Aon International Energy, Inc. ("Aon Energy") has entered a $36,000 settlement with the Office of Foreign Assets Control ("OFAC") after allegations that the broker violated the Iranian Transactions Regulations