Insurance Law

Freshfields leads on Aon HQ relocation

By Rose Orlik | January 26, 2012

Freshfields Bruckhaus Deringer has taken a lead role for global insurance broker Aon on the relocation of its head office from Chicago to London. Financial institutions partner James Smethurst and corporate head Julian Long led the Freshfields team while a duo of US law firms also took key roles advising Aon on the move, with Sidley Austin advising on US law aspects and McDermott Will & Emery leading on tax issues.

1 minute read

Aviva appoints Clydes and CMS to new reinsurance legal panel

By Suzi Ring | January 26, 2012

Clyde & Co and CMS Cameron McKenna have won appointments on Aviva's new reinsurance panel, put together after the insurance giant's former exclusive adviser Barlow Lyde & Gilbert merged with Clydes in November last year. Clydes and Camerons were both appointed as Aviva's UK reinsurance advisers for a two-year term taking effect from 1 January, with both also set to handle most of the reinsurance work driven from the UK for the wider Aviva Group globally.

1 minute read

Freshfields and Links lead on PFI monoline swap-out

By Suzi Ring | January 19, 2012

Freshfields Bruckhaus Deringer and Linklaters have taken lead roles on the first private finance initiative (PFI) monoline insurance company replacement since the start of the global financial crisis. The deal has seen Ambac Assurance UK – the guarantor of £97m of senior bonds raised to construct Worcestershire Hospital – replaced after the value of the credit enhancement it provided fell. Assured Guaranty (Europe) and Assured Guaranty Municipal Corporation have replaced Ambac.

1 minute read

Insuring success - the overhaul of Switzerland's Insurance Contract Act

By Legal Week | January 12, 2012

With more money spent per head on insurance premiums in Switzerland than any other country, the first overhaul of Switzerland's Insurance Contract Act in 100 years is causing much discussion, say Christian Lang and Zsuzsanna Kunszt

1 minute read

RPC opens up new Bristol base with hire of 28-strong CMS team

By Suzi Ring | January 3, 2012

Reynolds Porter Chamberlain (RPC) has officially opened its new Bristol office today (3 January) with the hire of a 28-strong team from CMS Cameron McKenna. The CMS team comprises seven partners - one of who is joining RPC as a legal director - 11 associates and 10 back office staff.

1 minute read

DAC Beachcroft announces first combined half-year financials

By Simon Petersen | December 5, 2011

DAC Beachcroft has reported a 10% increase in turnover for the first half of the financial year, following the recent merger deal which created the new firm. The newly-formed firm has announced combined fee income of £88.2m for the six-month period ending 31 October, the day on which the merger between Davies Arnold Cooper and Beachcroft went live.

1 minute read

Solicitors' professional indemnity insurance sees 20% rise

By Sofia Lind | November 11, 2011

The total amount of compulsory professional indemnity insurance (PII) payments by solicitors has risen by 20% this year, according to new figures from the Solicitors Regulation Authority (SRA) The cost of the compulsory layer of PII for the 10,917 practices in England and Wales is up to £256m for 2011-12, 20% higher than last year's figure of £214m.

1 minute read

DAC Beachcroft names practice heads as merged firm goes live

By Simon Petersen | October 31, 2011

DAC Beachcroft has announced its line-up of sector and practice group heads as the newly-merged law firm goes live today (31 October). Legacy Beachcroft partners have received the bulk of the management roles, with just two of the 13 positions taken up by legacy Davies Arnold Cooper (DAC) partners.

1 minute read

RPC set to make international debut in Singapore with hire of Barlows partner

By Suzi Ring | October 26, 2011

Reynolds Porter Chamberlain (RPC) is set to launch its first-ever international office in Singapore with the hire of a partner from Barlow 
Lyde & Gilbert. The firm's new Singapore arm is set to go live on 
1 November this year, with Barlows' local insurance and reinsurance chief Mark Errington joining to head up the office. The move comes as the firm increasingly targets the insurance market in the region, with growing numbers of insurers setting up a presence in Singapore as an access point for the wider Asia market. RPC is planning to grow the office at both partner and associate level through a combination of hires and relocations over the coming months.

1 minute read

Clydes confirms details of Zimbabwe and Singapore alliance deals

By Suzi Ring | October 24, 2011

Clyde & Co has expanded its international presence with two new alliances in Zimbabwe and Singapore. The firm set up a best friends relationship with Zimbabwe's Scanlen and Holderness in May this year, while at the same time establishing an association with Singapore law firm Clasis LLC.

1 minute read

Law.com

Citing 'Growing National Consensus,' 7th Circ. Again Holds That COVID-19 Does Not Cause 'Direct Physical Loss or Damage to' Property

By Colleen Murphy | April 26, 2022

Every federal appeals courts to address the issue thus far has reached the same conclusion.

4 minute read

Pro Mid Market

Firms Bolstering Investment in Cyber Insurance To Transfer Risk

By Ioana Good | April 25, 2022

As cyber breaches rise, communication planning evolves.

4 minute read

New York Law Journal

Firms Bolstering Investment in Cyber Insurance To Transfer Risk

By Ioana Good | April 25, 2022

As cyber breaches rise, communication planning evolves.

4 minute read

New York Law Journal

2nd Circuit Sides with Health Insurer in Lawsuits Regarding Brand-Name Coverage, Individual Limit

By Jane Wester | April 22, 2022

The three-judge panel said a Department of Health & Human Services rule aligned with plaintiffs' argument over who should pay for medications, but it did not apply retroactively, thus denying her relief.

3 minute read

New Jersey Law Journal

Think, Talk and Operate Like It's 2022

By Walter Dana Venneman | April 21, 2022

The NJ Insurance Fair Conduct Act now allows a claimant to bring a first-party claim directly against an automobile insurer if it engages in an "unreasonable delay or unreasonable denial of a claim for payment of benefits" under UM or UIM provisions.

8 minute read

New York Law Journal

What NotPetya Tells Us About Future Potential Cyber Risk Damages

By James Vinocur | April 21, 2022

While the White House and federal agencies such as the Cybersecurity and Infrastructure Agency have recently stressed the risk of Russian attacks on critical infrastructure companies, it is the potential of collateral damage against much smaller downstream vendors and unrelated companies that remains high due to the potential for self-propagating malware.

9 minute read

Law.com

Appeals Court: Injured Passengers in Rental Vehicle Not Entitled to Payment Under Driver's UIM Coverage

By Allison Dunn | April 20, 2022

The West Virginia Supreme Court reversed summary judgment in favor of two plaintiffs, finding they were not covered under the driver's underinsured motorist coverage because they were passengers of a rented vehicle that was not a "covered auto" under Progressive's policy.

7 minute read

New York Law Journal

Defendants Face Demanding Disclosure Requirements Under the Comprehensive Insurance Disclosure Act

By Russell Yankwitt and Scott Wenzel | April 20, 2022

A discussion of the new CIDA, signed into law on Dec. 31, 2021, by Governor Hochul, which overhauls CPLR 3101(f) and places significant burdens on defendants to proactively provide to plaintiffs certain insurance information and documentation. While the CIDA as amended is more palatable to defendants, it still marks a significant change in insurance disclosures that defendants in New York state actions are required to make.

6 minute read

Daily Business Review

$9.1 Million Attorney Fees Awarded in Case Involving About 100,000 Documents

By Michael A. Mora | April 19, 2022

The production of over 100,000 documents in discovery by defense counsel at Greenspoon Marder and King & Spalding, were among the challenges plaintiff counsel faced in earning seven figures in attorney fees.

4 minute read

Daily Business Review

Appellate Court: 'Partial Victory' In Consolidated Case Does Not Affect 'Entitlement to Attorney Fees'

By Allison Dunn | April 18, 2022

Florida's Second District Court of Appeals has sided with a windshield repair company, finding that GEICO General Insurance Co. owes appellate attorney fees for three unpaid claims cases.

4 minute read