By Steven A. Meyerowitz | October 14, 2019
A California appellate court has ruled that Target Corporation was not entitled to coverage as an additional insured under a commercial general liability insurance policy purchased by its supplier for a customer's lawsuit over an allegedly mislabeled prescription drug.
By Steven A. Meyerowitz | October 14, 2019
A California court has ruled that an amendment to the insurance law providing a 60-day grace period before a life insurer may terminate a life insurance policy for nonpayment of premiums that came into effect on January 1, 2013 did not apply to term life insurance policies issued before that date.
By Dan Packel | October 11, 2019
Oxford Insurance alleges that Andrew Sandler didn't leave his firm voluntarily, and it's under no obligation to pay $6 million under a "loss of key employee" policy.
New York Law Journal | Analysis
By Andy Lundberg and Connor Murphy | October 11, 2019
For both policyholders and their lawyers, legal finance can make it easier and less risky to pursue recoveries on valid insurance claims.
By Andrew N. Bourne and Joshua L. Blosveren | October 11, 2019
The First Department issued a clear decision that policyholders may recover the consequential damages, including attorney fees, caused by the bad-faith dilatory practices all too often employed by insurance companies.
New York Law Journal | Analysis
By William G. Passannante | October 11, 2019
The transition in progress from the "profits only" approach of Friedman to an ethos embedded in the legislation proposed by Senator Warren and the public statements of CEO's of public companies will alter corporate behavior and so, inevitably, the D&O liability and insurance landscape.
New York Law Journal | Analysis
By Mikaela Whitman | October 11, 2019
While traditional sources of proof such as legal precedent, expert testimony, an insurers' past acts, industry customs, and legal consensuses (i.e., the Restatement), should certainly be considered, unfair claim settlement statutes likewise should not be overlooked.
New York Law Journal | Analysis
By Daniel A. Rabinowitz | October 11, 2019
Understanding the background and interplay of the insurance laws that govern investments by carriers can provide some context to these developments and also shed light on a key aspect of solvency regulation of this critical U.S. industry.
New Jersey Law Journal | Analysis
By Steven A. Meyerowitz | October 11, 2019
A New Jersey federal court has granted summary judgment in favor of an insurer, holding that an insured's lawsuit seeking coverage of its claim for damage caused by Superstorm Sandy was untimely.
By Steven A. Meyerowitz | October 10, 2019
A New Jersey court has ruled that an insured forfeited his claim for uninsured motorist benefits by causing the "irretrievable loss" of his insurer's subrogation rights.
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