A Connecticut Superior Court recently awarded summary judgment in favor of an insurer on the basis that an insured’s family member who resides in the insured’s household is not entitled to underinsured motorist benefits if they are similarly not entitled to liability coverage under the family member’s policy.
Read More Connecticut Superior Court Held that Insurer Was Not Required to Provide Underinsured Motorist Coverage for Insured’s Family Member
Connecticut Trial Court Holds That “General Business Practice” Element of an Unfair Settlement Practice Claim Requires Multiple Acts of Misconduct Against Multiple Insureds
A Connecticut trial court recently held that the “general business practice” element of an unfair settlement practice claim under the Connecticut Unfair Insurance Practices Act, Conn. Gen. Stat. §38a-816(6) (“CUIPA”) requires that a plaintiff prove multiple unfair practices by an insurer against more than one insured. …
Read More Connecticut Trial Court Holds That “General Business Practice” Element of an Unfair Settlement Practice Claim Requires Multiple Acts of Misconduct Against Multiple Insureds
EAPD Complimentary Webinar: Local Issue / National Challenge: March 1 Massachusetts Data Security Requirements (February 11, 2010)
By Troutman Pepper Locke on
Posted in Privacy/Data Security/Cyber Risk
The Privacy and Data Protection Group of Edwards Angell Palmer & Dodge is holding a 60 minute complimentary webinar entitled “Local Issue/National Challenge: March 1 Massachusetts Data Security Requirements” on February 11, 2010 at 12:00 p.m.
PLUS D&O Symposium Day 2: Afternoon Session II
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This session’s panel provided insight into the policyholder’s expectations with regard to the scope of coverage being purchased and claims handling. The panel discussed in detail what policyholders expect from their brokers and their insurers at the procurement stage, including during coverage negotiations and setting the broker’s fee, and also in the event of a claim.
PLUS D&O Symposium Day 2: Afternoon Session I
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This session’s panelists discussed the Canadian D&O industry. The panel provided an in-depth discussion of the Canadian judicial system, Canadian procedure for certifying class actions, and Canadian securities law.
PLUS D&O Symposium Day 2: Luncheon Speaker Kenneth Feinberg
By Troutman Pepper Locke on
Posted in D&O Liability, United States
During a candid discussion about his role as the federal government’s compensation czar, keynote speaker Kenneth Feinberg described his role in setting executive compensation for institutions that received substantial TARP funds. Though Mr. Feinberg agrees that, to an extent, his work is a “sideshow,” he made a compelling case that the true impact of his work has less to do with the companies that are subject to his mandate and more to do with those entities that voluntarily adopt his approach to executive compensation.
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PLUS D&O Symposium Day 2: Morning Session II
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This session’s panel began by discussing the role of brokers and the rising use of external legal consultants by insureds. Panel members mostly agreed that the added use of these legal consultants, so long as the relationships among the all parties involved are managed correctly, are beneficial to ensure that insureds maximize their coverage. …
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PLUS D&O Symposium Day 2: Morning Session I
By Troutman Pepper Locke on
Posted in D&O Liability, United States
The central theme of this panel was that derivative litigations provide a fertile area, which can be expected to continue to grow and take on lives of their own.
PLUS D&O Symposium: Afternoon Session II
By Troutman Pepper Locke on
Posted in D&O Liability, United States
During the second afternoon session of the first day of the PLUS D&O Symposium, the panelists discussed the complex underwriting issues that arise when the company to be insured is insolvent, in bankruptcy, or close to bankruptcy.…
UK: The Financial Services Authority Publishes Factsheet for Insurers Providing Flood Insurance
By Troutman Pepper Locke on
Posted in Regulatory, United Kingdom
The Financial Services Authority (the FSA) has recently published a factsheet for general insurance providers entitled “Climate change thematic review: flooding – do your customers know what they are covered for?“. The factsheet has been published following an FSA review of whether general insurers are giving customers clear and accurate information about their cover.