Washington District Court Awards Attorney’s Fees Incurred by Insured’s Subrogee in Establishing Coverage
A Washington District Court recently awarded an insured’s subrogee all attorney’s fees incurred at all levels of coverage litigation in establishing entitlement to coverage. …
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UK: Insurance Business Transfer Approved by Court as not Improper or Unfair to Policyholders
California Supreme Court: Assault Committed in Self-Defense is Not an “Accident”
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UK: Partial Victory on Payment Protection Insurance (PPI)
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FIDES 2009: The Latin American Insurance Industry Comes Together
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Fifth Circuit Finds That Manifest Disregard of the Law Has Been Abrogated By Hall Street
In a departure from recent rulings by other federal circuit courts on this issue, the U.S. Court of Appeals for the Fifth Circuit has held that manifest disregard of the law is no longer a valid basis for vacating arbitration awards under the Federal Arbitration Act (“FAA”). …
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U.S. Supreme Court Denies Certiorari for Three Cases Concerning Manifest Disregard of the Law
On October 5, 2009, the U.S. Supreme Court denied writs of certiorari in three cases that examined whether manifest disregard of the law remains a valid basis for challenging arbitration awards in light of the Court’s decision last year in Hall Street Associates, L.L.C. v. Mattel, Inc., 128 S.Ct. 1396 (2008). …
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The New York Insurance Department Updates Proposed Insurance Producer Compensation Transparency Rule; Explains Departure from Dinallo Era
This updates our September 15, 2009 blog posting. Matthew Gaul, special counsel for the Department, recently explained that the draft proposal for the disclosure of insurance producer compensation released by the Department last month differs from that proposed by former Superintendent Eric Dinallo in that the revised proposal does not differentiate between captive agents, independent agents and independent brokers. …
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