United States Archives - Page 304 of 314

Marsh Seeks to Amend 2004 Settlement to Allow New Fees

Aug 9, 2007 | New York Developments, Regulatory | United States

It was widely reported this week that insurance broker Marsh & McLennan Cos. is attempting to amend its landmark 2004 settlement with insurance regulators and the New York State Attorney General’s Office that required it to give up so-called contingent commissions.

Massachusetts: Excess Insurers Not Bound To Follow The Settlement Decisions Made By A Primary Carrier

Aug 8, 2007 | Coverage & Claims, Massachusetts Developments | United Kingdom, United States

In a case of first impression, the Massachusetts Supreme Judicial Court (“SJC”) ruled on August 6, 2007 that a “follow-form” excess liability insurer is not bound by the decision of a primary insurer to settle a claim.

The Brocade Options Backdating Trial: Reyes Found Guilty on All Counts

Aug 8, 2007 | Coverage & Claims, D&O Liability | United States

On Tuesday, August 7, 2007, after more than a week of deliberations, the jury in the criminal trial of ex-Brocade CEO Greg Reyes returned a guilty verdict.

Massachusetts Mandatory Health Insurance

Aug 8, 2007 | Healthcare, Massachusetts Developments, Regulatory | United States

On April 12, 2006, Massachusetts Governor Mitt Romney signed a health care bill, known as “An Act Providing Access to Affordable, Quality, Accountable Health Care (the “Act”)”, into law.

New United Kingdom Life Insurance Product Offers Vegetarians Discount

Aug 8, 2007 | Life Insurance & Annuities | United Kingdom, United States

Animal Friends Insurance (“Animal Friends”), a UK nonprofit pet insurance specialist, has partnered with Liverpool Victoria to introduce a novel term life insurance product that gives vegetarians and fish-eaters an average discount of six percent on premiums.

Alabama Appeals Court Finds Ten Days Not Reasonable Notice of Settlement Under Auto Insurance Policy

Aug 7, 2007 | Coverage & Claims | United States

An intermediate Alabama court of appeals recently held that an automobile insurer properly denied underinsured motorist benefits where it had received only ten days notice of potential settlement of the underlying litigation. Morgan v. Safeway Ins. Co. of Alabama, Inc., 2007 WL 1866768 (June 29, 2007).

Massachusetts Court Applies Subjective Test Concerning Good Health Requirement In Life Insurance Policy

Aug 7, 2007 | Coverage & Claims, Extra-Contractual Liability, Massachusetts Developments | United States

A Massachusetts court recently ruled that a “good health” requirement in a life insurance policy must be interpreted based upon what the contracting parties knew at the time the policy was issued (a subjective test), not based upon what in fact turned out to be true based on discoveries made at a later date (an objective test).

Massachusetts Recognizes Common Interest Doctrine, Joint Defense Privilege

Aug 7, 2007 | Coverage & Claims, Massachusetts Developments | United States

Massachusetts’ highest court recently formally recognized joint defense agreements as an exception to waiver of the attorney-client privilege under the common interest doctrine. Hanover Ins. Co. v. Rapo & Jepsen Ins. Svcs., Inc., Docket No. SJC-09780 (August 3, 2007).

Senate Committee Approves Bill to Create Natural Disaster Commission

Aug 7, 2007 | Catastrophe Claims, Federal Legislative Developments, Regulatory | United States

Last week, the Senate Baking, Housing, and Urban Affairs Committee, in a voice-vote, approved a bill (The Commission on Natural Catastrophe Risk Management and Insurance Act of 2007) that would create a national commission to examine natural disaster risks.

Medical Malpractice Premiums to Increase in New York

Aug 6, 2007 | New York Developments, Regulatory | United States

On July 2, 2007, New York State Insurance Superintendent Eric R. Dinallo announced that the Department approved a 14% increase in medical malpractice insurance rates.

Jurisdiction: United States

Marsh Seeks to Amend 2004 Settlement to Allow New Fees

Massachusetts: Excess Insurers Not Bound To Follow The Settlement Decisions Made By A Primary Carrier

The Brocade Options Backdating Trial: Reyes Found Guilty on All Counts

Massachusetts Mandatory Health Insurance

New United Kingdom Life Insurance Product Offers Vegetarians Discount

Alabama Appeals Court Finds Ten Days Not Reasonable Notice of Settlement Under Auto Insurance Policy

Massachusetts Court Applies Subjective Test Concerning Good Health Requirement In Life Insurance Policy

Massachusetts Recognizes Common Interest Doctrine, Joint Defense Privilege

Senate Committee Approves Bill to Create Natural Disaster Commission

Medical Malpractice Premiums to Increase in New York

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