InsureReinsure.com

"This blawg "provides a one-stop resource for those in the insurance and reinsurance business to learn about industry and legal developments in the United States, United Kingdom, European Union, Bermuda and Hong Kong. The blog provides regular updates on topical industry issues including the subprime and credit crisis, follows the fortunes and follows the settlements decisions, Solvency II, U.S. Supreme court decisions involving directors and officers and medical/pharmaceutical products, coverage developments including those involving extra-contractual obligations, Lloyd's market reforms, regulatory and legislative developments, and Katrina-related coverage litigation."

Author: Edwards Angell Palmer & Dodge has 10 U.S. offices and one in London.

Blawg Related Categories: Insurance Law • Katrina • Law Firm

Recent Posts from InsureReinsure.com

Second Circuit: Dismissal of Claims Against Individual Defendants for Failure to Plead Scienter Does Not Preclude Claims Against Corporate Defendants
The United States Court of Appeals for the Second Circuit recently dismissed a securities class action against Dynex Capital Inc. ("Dynex") and its subsidiary, Merit Securities Corp. ("Merit"), because the plaintiff had failed to allege…
UK Insurance Contract Law Reform: Lloyd's/Institute of International Shipping & Trade Law Symposium
On 3 July 2008 Helen Clark attended the Institute of International Shipping & Trade Law Symposium on the prospective reform of marine and commercial insurance held at Lloyd's. The Symposium provided an opportunity for further…
California State Court of Appeal Holds That Demand Letter Was A “Claim” That The Insured Was Required To Report Under Its Insurance Policy
A California state court of appeals recently held that an insurer properly denied coverage after its insured failed to timely report a “claim” after receiving a demand letter. Westrec Marina Management, Inc. v. Arrowood Indem.…
New York Court of Appeals Denies Motion for Rehearing Regarding Award of Consequential Damages for Bad Faith Breach of Insurance Contract
The New York Court of Appeals denied a motion for rehearing in the Bi-Economy Market, Inc. v. Harleysville Insurance Company of New York case, thereby leaving intact its February 2008 decision allowing insureds to recover…
Lautenberg Reintroduces Measure to Keep New Jersey Children Covered by Health Insurance
On June 26, 2008, U.S. Senator Frank Lautenberg (D-NJ) reintroduced a measure intended to ensure that children have access to healthcare. The measure was inserted into the Fiscal Year 2009 Labor-Health and Human Services-Education Appropriations…
Sharon Clark Appointed Kentucky Insurance Commissioner
On June 30, 2008, an announcement was made that Sharon P. Clark will be the next insurance commissioner of Kentucky effective July 16, 2008, replacing current acting commissioner John Burkholder. Ms. Clark is currently an…
Florida Supreme Court - Surplus Lines Policies Are Subject to Chapter 627, Florida Statutes
The Florida Supreme Court has provided an answer to a question important to insurers that have issued policies under Florida’s surplus lines laws. In Essex Ins. Co. v. Zota, Case No. SC06-2031 (June 26, 2008),…
NAIC Pledges Support to Holocaust Insurance Act
Last week, the National Association of Insurance Commissioners (“NAIC”) pledged its support for the Holocaust Insurance Accountability Act of 2008 (“Accountability Act”), which would institute mechanisms for Holocaust-era insurance claims. The proposed legislation is intended…
New York Federal Court Enforces Forum Selection Clause, Grant's Run-off Administrator's Motion to Dismiss
A New York federal court recently found that a lawsuit commenced by two insurance companies in run-off, Seaton Insurance Company and Stonewall Insurance Company, against their run-off manager, defendant Cavell USA Inc. and its principal,…
UK: Court Considers Meaning of "Damages"
In Bedfordshire Police Authority (BPA) v. David Constable (sued on his own behalf and on behalf of all other members of Syndicate 386 at Lloyd's) (the Syndicate) [2008] EWHC 1375, BPA sought a declaration that…