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Results: 1-10 of 418

Second Circuit: distinguishing between policy definitions subject to NY Insurance Law 3420(d)(2)’s timely disclaimer requirement as an exclusion and those that are not
  • Locke Lord LLP
  • USA
  • June 16 2010

In a decision issued on February 1, 2010, the United Stated Court of Appeals for the Second Circuit confirmed that under New York law some policy provisions, although placed outside of the policy's "Exclusions" section, may nonetheless be considered an exclusion and, therefore, subject to the timely disclaimer and denial requirement of NY Insurance Law 3420(d)(2


Federal district court finds that arbitrator lacks the authority to issue pre-hearing deposition subpoena to non-party under the Federal Arbitration Act
  • Locke Lord LLP
  • USA
  • August 31 2010

Helene Tomasian, a non-party to an arbitration between Ware and C.D. Peacock, Inc., moved to quash an arbitrator’s subpoena compelling her attendance at a pre-hearing deposition


NY lower court holds that Insurance Law 3420(a) applies to lawyer’s claims-made malpractice policy
  • Locke Lord LLP
  • USA
  • November 19 2009

The New York Supreme Court, Erie County, recently held that a lawyers’ professional liability policy constitutes a "policy or contract insuring against liability for injury to person" within the meaning of Insurance Law 3420(a)(3)-(4


FEMA confirms NFIP coverage applies to certain BP oil spill damage
  • Locke Lord LLP
  • USA
  • June 10 2010

According to media reports, the Federal Emergency Management Agency ("FEMA") has confirmed that damage caused by oil mixed with flood waters is covered under National Flood Insurance Program ("NFIP") policies


National Flood Insurance Program reinstated by temporary extension
  • Locke Lord LLP
  • USA
  • July 14 2010

The National Flood Insurance Program ("NFIP") expired on May 31, 2010 and, for the third time this year, the NFIP lapsed for a month


Trust beneficiary has standing to sue life insurance carrier to collect policy benefits
  • Locke Lord LLP
  • USA
  • September 14 2009

The United States District Court for the Eastern District of Wisconsin recently held that a beneficiary of a trust has standing to sue the life insurance carrier to collect policy benefits on an accidental death policy


Chinese drywall legislation introduced that would prevent Chinese drywall related homeowners policy cancellations or non-renewals
  • Locke Lord LLP
  • USA
  • November 30 2009

On November 17, 2009, a bill was introduced in the United States House of Representatives that would ban insurance companies from canceling, or refusing to renew, the policies of homeowners as the result of Chinese manufactured drywall in the home


Representative Kanjorski attempts to form an insurance information office with regulatory powers
  • Locke Lord LLP
  • USA
  • November 4 2009

H.R. 2609, the Insurance Information Act of 2009, was reintroduced into the U.S. House of Representatives on May 21, 2009 by Representative Paul Kanjorski (D-PA


Connecticut federal court finds that reinsurer does not have to follow cedent’s fortunes
  • Locke Lord LLP
  • USA
  • March 22 2010

Employers Reinsurance Company, now known as Westport Insurance Corporation ("Westport"), provided reinsurance coverage for insurance policies issued by Connecticut Specialty Insurance Company (the "Reinsurance Agreement"


Third Circuit holds that professional services exclusion in general liability policy applies to all allegations arising out of architect’s work and insurers had no duty to defend
  • Locke Lord LLP
  • USA
  • January 6 2010

The Court of Appeals for the Third Circuit, applying New Jersey law, recently held that all claims against an insured architectural firm arising out of the firm’s architectural work on a parking garage that later collapsed are not covered under its general liability policies due to professional services exclusions