On May 9, the New York Insurance Department (the “Department”) issued Circular Letter No. 12 (2008), entitled “Cancellation of Municipal Bond Insurance Policies,” (the “Circular Letter”) in which the Department states that U.S. municipal bond issuers (the “Issuers”) may cancel bond insurance policies under certain conditions. 


Read More New York Insurance Department Approves Cancellation of Bond Insurance Policies

Last week, the House and the Senate both passed a bill, H.R. 493/S. 358 (the “Bill”), that prohibits discrimination based on genetic testing results.  The Bill prohibits health plans and insurers from determining an applicant’s eligibility or increasing an insured’s premiums based on genetic information. 


Read More House and Senate Pass Anti-Discrimination Bill For Genetic Testing

The Arizona Supreme Court recently held that Arizona’s 1987 abolition of joint and several liability extends to strict products liability actions, meaning that liability is several only and fault must be apportioned among tortfeasors even in cases involving strict liability. 


Read More Arizona Supreme Court Holds That Liability Among Tortfeasors in Strict Productions Liability Actions is Several Only, as Opposed to Joint and Several