Join the Re Under 40s at their next event, Managing Capital in Today’s Insurance/R4einsurance Marketplace, sponsored and hosted by Towers Perrin, on December 1 in midtown New York. 

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Read More Re Under 40s Next Event – Managing Capital in Today’s Insurance/Reinsurance Marketplace

In Custom Hardware Engineering & Consulting, Inc. v. Assurance Company of America, No. ED 91441 (Mo.App.E.D. Aug. 11, 2009), a Missouri Appellate Court declined to consider any findings made by the court in an underlying matter in its analysis of whether a policy exclusion applied and precluded coverage. …
Read More Missouri Appellate Court Affirms No Duty to Defend Based on Allegations of Complaint Even if Allegations Groundless

In Everest National Insurance Company, et al. v. Robert Sutton, 07-Civ.-722 (JAP) (D.N.J. Oct. 14, 2009), the court dismissed five of Defendants’ counterclaims and three affirmative defenses on Plaintiff’s motion to dismiss. 

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Read More United States District Court Grants Insurer’s Motion To Dismiss In Case Involving Guaranties Of Reinsurance For Default Protection Insurance

On October 8, 2009, the Mississippi Supreme Court issued its highly anticipated decision in Corban v. USAA Insurance Company, holding that the anti-concurrent causation (“ACC”) clause in a homeowners’ insurance policy is inapplicable where both wind and water did not act in conjunction in causing Katrina-related damages. …
Read More Katrina: Mississippi Supreme Court Finds that an Anti-Concurrent Causation Clause In a Homeowners’ Insurance Policy Does Not Exclude Coverage for Loss Separately Caused by Wind and Water

In Lauren Heyse, et al. v. William Case, et al., AC No. 29289 (Conn. App. Jun. 2, 2009), the Insured, a resident of a common interest community, brought a lawsuit to challenge the rights of another property owner within the common interest community to subdivide a lot within the common interest community. 

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Read More Connecticut Appellate Court Affirms Award of Summary Judgment in Favor of Title Insurer and Finds Policy Exclusion Applies and Insurer Did Not Breach the Covenant of Good Faith and Fair Dealing

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. …
Read More Washington District Court Awards Attorney’s Fees Incurred by Insured’s Subrogee in Establishing Coverage

On 16 October 2009, Mr Justice Norris released his reasoning for sanctioning the transfer of the long-term insurance business of Commercial Union Life Assurance Company Limited (Commercial Union), CGNU Life Assurance Limited (CGNU) and Norwich Union Life (RBS) Limited (Norwich Union) to Aviva Life & Pensions UK Limited (Aviva) under Part VII of the Financial Services and Markets Act 2000 (FSMA). 

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Read More UK: Insurance Business Transfer Approved by Court as not Improper or Unfair to Policyholders

The California Supreme Court recently held that an assault and battery allegedly committed in self-defense was not an “accident” and therefore did not meet a CGL policy’s definition of a covered “occurrence.” 

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Read More California Supreme Court: Assault Committed in Self-Defense is Not an “Accident”

In our previous blog on 13 February 2009 (see our previous blog here), we wrote that the Competition Commission proposed prohibiting the sale of all PPI alongside a credit product eg a loan within 7 days of selling a credit product to that customer. 

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Read More UK: Partial Victory on Payment Protection Insurance (PPI)

On November 1-4, 2009, Machua Millett of EAPD will be participating in the 32nd Hemispheric Insurance Conference, hosted by the Federacion Interamericana de Empresas de Seguros (FIDES).  FIDES 2009 will bring together more than 800 insurance industry representatives from 22 countries in the United States, Spain, Portugal and Latin America. 

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Read More FIDES 2009: The Latin American Insurance Industry Comes Together