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. 

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Read More New United Kingdom Life Insurance Product Offers Vegetarians Discount

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). 

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

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). 

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

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). 

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Read More Massachusetts Recognizes Common Interest Doctrine, Joint Defense Privilege

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. 

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Read More Senate Committee Approves Bill to Create Natural Disaster Commission

In a recent decision analyzing the follow the fortunes doctrine, a federal district court in Florida held that the doctrine should not be implied in a reinsurance contract. 

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Read More Florida District Court Refuses to Imply Follow the Fortunes in Reinsurance Contract

In a dispute concerning the appointment of an umpire in a reinsurance arbitration, the federal district court of Connecticut held that it, and not the parties, should appoint the umpire and appointed Robert M. Hall to serve on the arbitration panel. 

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Read More Federal District Court in Connecticut Appoints Umpire in Reinsurance Arbitration

As we wrote about here, the Fifth Circuit heard oral argument on June 5 on the appeal of Judge Duval’s November 2006 decision on the enforceability of various policies’ flood exclusions.  On August 2, the Fifth Circuit issued its opinion and partially reversed Judge Duval’s decision. 

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Read More Fifth Circuit Rules in Favor of Flood Exclusions