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Results: 1-10 of 295

Last week in DC: the healthcare reform debate March 29, 2010
  • Locke Lord LLP
  • USA
  • March 29 2010

Healthcare reform's long and often bumpy journey through Congress came to a close last week, as President Obama signed into law the 2,000 page legislation that will overhaul the nation's healthcare system


Utah appoints Acting Insurance Commissioner
  • Locke Lord LLP
  • USA
  • March 26 2010

Neal T. Gooch has been appointed Acting Commissioner of the Utah Insurance Department ("UID"


New York adopts revisions to Regulation 118 governing audited financial statements
  • Locke Lord LLP
  • USA
  • January 12 2010

On December 28, 2009, the New York Insurance Department ("NYID") issued a Notice of Emergency adoption revising Regulation 118 to implement new audit and reporting standards on an emergency basis


Oklahoma federal court holds claim for misrepresentations in home sale not covered by homeowners’ liability policy
  • Locke Lord LLP
  • USA
  • January 6 2010

The United States District Court for Oklahoma recently ruled that homeowners’ liability policies (primary and excess) did not cover a homebuyer’s lawsuit against the insured sellers for misrepresenting the condition of the home’s fireplaces


Vermont licensed 39 captives in 2009
  • Locke Lord LLP
  • USA
  • January 12 2010

The Vermont Department of Banking, Insurance, Securities and Health Care Administration reported it licensed 39 new captive insurance companies in 2009, bringing the total of number of Vermont licensed captives to 878


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"


NY court: insured may recover consequential damages absent insurer bad faith
  • Locke Lord LLP
  • USA
  • December 23 2009

On December 15, 2009, New York's Appellate Division for the First Department held that an insured need not allege or prove that its insurer acted in bad faith in order to recover consequential damages stemming from the insurer's breach of the policy


Unscrambling the Gramm-Leach-Bliley omelet
  • Locke Lord LLP
  • USA
  • December 23 2009

Sen. John McCain, R-Arizona, and Sen. Maria Cantwell, D-Washington, proposed on December 16, 2009 rebuilding the barriers separating commercial banks, investment banks and insurers established under the Depression Era Glass-Steagall Act


Connecticut Superior Court holds business risk exclusion bars coverage for damage to entire home when it toppled after being raised by contractor
  • Locke Lord LLP
  • USA
  • January 7 2010

In Barber v. Berthiaume, No. NNH-CV-05-4009532-S (Oct. 19, 2009), a contractor was hired to expand and repair plaintiff’s home


Circular letter regarding contract certainty issued for comment by the New York Insurance Department
  • Locke Lord LLP
  • USA
  • January 14 2010

The New York Insurance Department (the “Department”) recently issued a draft Supplement No. 1 to Circular Letter No. 20 (2008) (“CL No. 20”) regarding insurance contract certainty for propertycasualty insurance policies and reinsurance contracts