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NYDFS calls on insurance industry to help
  • Hogan Lovells
  • USA
  • August 17 2017

On 26 July 2017, the New York Department of Financial Services (the “NYDFS”) issued Circular Letter No. 9 (2017) (the “Circular Letter”) and a

Insurance Policyholders Score Victory on Critical Allocation Issue in Second Circuit Olin Decision
  • Beveridge & Diamond PC
  • USA
  • July 28 2017

In an action seeking insurance coverage for environmental contamination, the United States Court of Appeals for the Second Circuit held that "all

Second Circuit Applies All Sums in Olin-OneBeacon Environmental Coverage Dispute Regarding Remediation Costs at Manufacturing Sites
  • Hunton & Williams LLP
  • USA
  • July 26 2017

Last week, the Second Circuit remanded environmental coverage litigation between Olin Corporation and OneBeacon based on its conclusions that (1) all

Second Circuit Follows Viking Pump Methodology to Calculate Total Insurance Liability for Environmental Cleanup Efforts Spanning Years and Policies
  • Pillsbury Winthrop Shaw Pittman LLP
  • USA
  • July 26 2017

On July 17, the U.S. Court of Appeals for the Second Circuit decided the case of Olin Corporation v. OneBeacon America Insurance Company, an

Love Canal’s Legacy - Second Circuit Affirms Pollution Exclusion in Plumber’s Insurance Policy Bars Defense and Indemnification Claims
  • Manko Gold Katcher & Fox
  • USA
  • July 20 2017

Love Canal - the infamous neighborhood in Niagara Falls, New York where large quantities of chemical waste was dumped, and which became the catalyst

Renewal Notices Must Warn of Major Changes in Coverage
  • Nossaman LLP
  • USA
  • July 18 2017

California Insurance Code 678 provides as to personal lines policies (such as homeowners, auto or personal liability): “(a) At least 45 days

Will TCFD Final Recommendations Change the Landscape of Climate-related Financial Disclosure?
  • Latham & Watkins LLP
  • USA
  • July 12 2017

On 29 June 2017, the Task Force on Climate-related Financial Disclosure (TCFD) published its final recommendations. The TCFD set out information that

You Can’t Make Claims Disappear, But You Can Assign Them: Court Grants Assignment of Environmental Policies Regardless of Anti-Assignment Clauses
  • Hunton & Williams LLP
  • USA
  • July 12 2017

The New Jersey Appellate Division recently affirmed its Supreme Court's holding that, in "occurrence" policies, an insured can assign its policies

Pennsylvania Manufacturers’ Association Insurance Company v. Johnson Matthey, Inc.: Multiple Trigger Doctrine and Impacts to Superfund Litigation
  • Greenberg Traurig LLP
  • USA
  • June 22 2017

The Commonwealth Court recently held that certain Comprehensive General Liability (“CGL”) “occurrence” insurance policies issued before the

Federal Court In Alabama Finds No Coverage For Expected Injury
  • Phelps Dunbar LLP
  • USA
  • June 16 2017

A federal court in Alabama granted summary judgment to an insurer finding no duty to defend or indemnify under a commercial environmental policy where