Coverage & Claims

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The federal Third Circuit Court of Appeals has enforced a Travelers asbestos exclusion, finding it to be unambiguous. In General Refractories Co. v. First State Ins. Co., the court analyzed language that read: “It is agreed that this policy does not apply to [loss] arising out of asbestos…” General…

Read More 3rd Circuit Upholds Asbestos Exclusion Under Pennsylvania Law

The Delaware Supreme Court has endorsed the application of a single state’s insurance law to disputes over coverage under policies issued to a global company for costs associated with environmental waste sites in two states. The Court reversed the lower court which had decided to apply instead the law of…

Read More Delaware Supreme Court Endorses Single State Choice of Law for Environmental Insurance Coverage Case

A new federal 9th Circuit appellate decision has ruled for the insured in its suit against its excess insurer that refused to contribute to a settlement. The district court denied the excess insurer’s motion for summary judgment that said the insured failed to secure its consent to the settlement as…
Read More 9th Circuit Requires Excess Insurer to Contribute to Deal Reached by Insured and Primary Insurer

In a sprawling 163 page opinion issued just last week, the Connecticut Appellate Court addressed, as a matter of first impression, five different issues that will significantly affect the disposition of asbestos, and potentially other, long tail claims in Connecticut. The case, R.T. Vanderbilt Co., Inc. v. Hartford Accident and…

Read More Long Tales About Long Tails – Connecticut’s Appellate Court Makes New Law

Please join BDO USA, LLP, Locke Lord LLP, and Sandler O’Neill + Partners, L.P. for a complimentary breakfast briefing. This event will highlight key considerations in a successful M&A transaction or capital raising transaction in today’s economic climate for the insurance industry – what do we anticipate next?

Presenters:

Marc…
Read More Please Join Us – Insurance M&A and Capital Raising Roundtable

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.

In This Issue:

  • “New Corporate Governance Annual Disclosure Requirements for

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Read More Insurance and Reinsurance Newsletter – January 2017

The California Supreme Court is poised to answer the following unsettled question of California law certified by the Ninth Circuit Court of Appeals on August 22, 2016 (see order here):   “Whether there is an ‘occurrence’ under an employer’s commercial general liability policy when an injured third party brings…

Read More Liberty v. Ledesma and Meyer Construction, Case No. 14-56120 (9th Cir. 2016)

A new South Carolina Supreme Court decision has upheld a pro rata allocation of progressive damages. In the January 11, 2017 opinion in Harleysville Group Insurance v. Heritage Communities, Inc., et al., the court described that two property owners’ associations sued various Heritage companies, alleging the associations’ homeowners were…
Read More South Carolina Endorses Pro Rata Allocation

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.

In This Issue:

  • “When Does the Acquisition of a

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Read More Locke Lord’s Insurance & Reinsurance Newsletter – September 2016

A Georgia appellate court has ruled that there is no continuous trigger of coverage for an environmental claim when the subject policy responds to occurrences, not property damage, during the policy period. The insured sought coverage from the insurer for costs arising from a 1976 turbine fuel leak. The lower…
Read More Georgia appellate court: no continuous trigger when policy responds to occurrences, not property damage, during the period