The U.S. District Court for the Northern District of California recently granted an insurer’s motion to intervene in an indemnity dispute between another insurer and an asbestos product supplier.
Read More California Federal Court: Second Insurer With Interest In Outcome Of Coverage Litigation Has Right To Intervene
Jurisdictions
New York To Create New Workers’ Compensation Medical Treatment Regulations
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Read More New York To Create New Workers’ Compensation Medical Treatment Regulations
Second Brocade Executive Convicted in Backdating Prosecution
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Read More Second Brocade Executive Convicted in Backdating Prosecution
New York Trial Court Dismisses Coverage Claim As Time-Barred By Policy
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Read More New York Trial Court Dismisses Coverage Claim As Time-Barred By Policy
Spitzer, NYLB Announce Proposed Resolution of Projected Shortfall in Executive Life Insurance Company of New York Rehabilitation
Update: Supreme Court Hears Arguments in FDA Preemption Case
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Read More Update: Supreme Court Hears Arguments in FDA Preemption Case
New York Lawmakers Request Inclusion of “Reset” Provision in any TRIA Extension
With Congress scrambling to pass legislation extending the Federal Terrorism Risk Insurance Program before its expiration at the end of the month, New York lawmakers requested yesterday that any final extension act include a “reset” provision. Such a provision would lower the trigger levels for federal reimbursements under the TRIA program in areas already hit by a terrorist attack. …
Read More New York Lawmakers Request Inclusion of “Reset” Provision in any TRIA Extension
Illinois Medical Malpractice Cap Ruled Unconstitutional
An Illinois judge recently struck down the two-year-old state law that capped medical malpractice awards, ruling that the law violates the Illinois constitution’s “separation of powers” clause by depriving judges and juries of their right to determine fair compensation. …
Read More Illinois Medical Malpractice Cap Ruled Unconstitutional
Texas Supreme Court: Pro Rata “Other Insurance” Clauses Preclude Equal Contribution Among Co-Primary Insurers
On a question certified by the Fifth Circuit Court of Appeals, the Texas Supreme Court recently ruled that “[t]here is no direct duty of reimbursement between co-primary insurers.” …
Read More Texas Supreme Court: Pro Rata “Other Insurance” Clauses Preclude Equal Contribution Among Co-Primary Insurers
Ninth Circuit Overturns Rare Securities Class Action Verdict
The Ninth Circuit Court of Appeals recently reversed the 2005 defense verdict in Miller v. Thane Int’l, Inc., one of the only instances to date in which a securities class action had actually been tried to a verdict. …
Read More Ninth Circuit Overturns Rare Securities Class Action Verdict