Read More Texas To Hold Public Hearing Regarding Use of Discretionary Clauses In Insurance Contracts
UPDATED: NY Appellate Court Affirms Motion Court’s Dismissal of Complaint Seeking Defense Costs Under Directors and Officers Errors and Omission Policy for Investigations That Resulted in Disgorgement of Improperly Acquired Funds
Insurance and Reinsurance Review – December 2009
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Read More Insurance and Reinsurance Review – December 2009
New York Superintendent Seeks Revisions to No-Fault Insurance Regulation
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Read More New York Superintendent Seeks Revisions to No-Fault Insurance Regulation
Connecticut Superior Court Held that Home Seller’s Misrepresentation Regarding Lead Paint Constituted “Occurrence” and Insurer Had a Duty to Defend
A Connecticut Superior Court recently awarded summary judgment against an insurer on the basis that the a home seller’s misrepresentation regarding the existence of lead paint in the home constituted an “occurrence” under her insurance policy and, therefore, the insurer had a duty to defend the seller in a lawsuit alleging negligent misrepresentation and was liable for paying the stipulated judgment agreed to by the parties. …
Read More Connecticut Superior Court Held that Home Seller’s Misrepresentation Regarding Lead Paint Constituted “Occurrence” and Insurer Had a Duty to Defend
Colorado District Court Denies Insurer’s Motion for Summary Judgment and Finds Issues of Fact as to Reasonableness of Insurer’s Denied Claim for Uninsured Motor Vehicle Coverage
In Eppich v. State Farm Mutual Automobile Insurance Company, No. 08-CV-01697-PAB-MEH (Sept. 30, 2009), the United States District Court for the District of Colorado held that an insurer failed to meet its burden on summary judgment of establishing that an accident caused by a motorcycle that was not “street legal” at the time it struck and injured a woman riding her bicycle on a trail fell within an uninsured motorist coverage’s exclusion for “land motor vehicle[s] . . . designed for use mainly off public roads.” …
Read More Colorado District Court Denies Insurer’s Motion for Summary Judgment and Finds Issues of Fact as to Reasonableness of Insurer’s Denied Claim for Uninsured Motor Vehicle Coverage
California Federal Court Rules that “Insured v. Insured” Exclusion Does Not Preclude Insurer’s Payments of Defense Costs in Claim Brought Jointly by Insureds and Non-insureds
The United States District Court for the Northern District of California, applying California law, has held that an “insured v. insured” clause exclusion in a D&O policy for claims asserted by an insured against an insured did not preclude the insurer from paying for the entire defense costs incurred by insured and non-insured claimants. …
Read More California Federal Court Rules that “Insured v. Insured” Exclusion Does Not Preclude Insurer’s Payments of Defense Costs in Claim Brought Jointly by Insureds and Non-insureds
Chinese Drywall – Legislation Introduced That Would Prevent Chinese Drywall Related Homeowners Policy Cancellations or Non-renewals
On November 17, 2009, a bill was introduced in the United States House of Representatives that would ban insurance companies from canceling, or refusing to renew, the policies of homeowners as the result of Chinese manufactured drywall in the home. …
Read More Chinese Drywall – Legislation Introduced That Would Prevent Chinese Drywall Related Homeowners Policy Cancellations or Non-renewals
Latin American Update: Industry Growth in Colombia and Mexico
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Read More Latin American Update: Industry Growth in Colombia and Mexico
UK: Third Parties (Rights against Insurers) Bill Introduced Into Parliament
The Third Parties (Rights Against Insurers) Bill (the Bill) had its 1st reading in the House of Lords on 23 November 2009. It is designed, in particular, to remedy the shortcomings of current legislation in protecting the rights of third party claimants against insurers of the liabilities of insolvent defendants. …
Read More UK: Third Parties (Rights against Insurers) Bill Introduced Into Parliament