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December 12, 2012 | Inside Counsel

Madoff victims can only file claims for actual losses

A blow has been dealt to the victims in the ongoing Bernie Madoff sagathis time from an appeals court.
5 minute read
December 12, 2012 | Inside Counsel

Compliance officers well-compensated but face challenges

In-house counsel know how important compliance is. But many of them say they have a hard time enforcing it within their companies.
2 minute read
December 12, 2012 | FC&S Insurance

Change on the Munich Re Supervisory Board

The Chairman of the Munich Re Supervisory Board, Hans-Jürgen Schinzler, will retire from office on age grounds as at 31 December 2012. He will…
2 minute read
December 12, 2012 | FC&S Insurance

Superstorm Sandy Insurance Payments to Homeowners to be Expedited

New York Governor Andrew M. Cuomo has announced that major banks and mortgage servicers “will take action to expedite insurance payments to New York…
3 minute read
December 12, 2012 | FC&S Insurance

BAP Coverage for Spouse

I find nothing in the CA 00 01 Business Auto Coverage Form that defines the spouse of the named insured as a named insured. Am I missing something or is…
1 minute read
Law Journal Press | Digital Book Pennsylvania Causes of Action, 12th Edition Authors: GAETAN J. ALFANO, RONALD J. SHAFFER, JOSHUA C. COHAN View this Book

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December 12, 2012 | FC&S Insurance

Court Enters $10 Million Punitive Damages Award in Bad Faith Case against Insurer after Reducing Jury’s Award from $32 Million

A federal district court in Montana has entered a $10 million punitive damages judgment against an insurance carrier and other defendants, after reducing…
3 minute read
December 12, 2012 | FC&S Insurance

Thomas J. McInerney Becomes President and Chief Executive Officer of Genworth

Genworth Financial, Inc., has selected Thomas J. McInerney as the company's president and chief executive officer, effective January 1, 2013. He also will…
2 minute read
December 12, 2012 | FC&S Insurance

Circuit Affirms that Warehouse Damage Not Covered by ‘Accumulation Clause’

The U.S. Court of Appeals for the Second Circuit has ruled that a claim arising from flooding at a warehouse was not covered by a policy’s “accumulation…
3 minute read
December 12, 2012 | FC&S Insurance

‘Loss’ under Fidelity Bond Does Not Include Phantom Gains from Madoff’s Ponzi Scheme

Finding that the term “loss” in a fidelity bond was not ambiguous, an intermediate appellate court in New York has ruled that the insured was…
5 minute read
December 12, 2012 | Inside Counsel

Commercial human spaceflight and the arms control problem

Despite the fact that many commercial human spaceflight companies have thus far been financially fueled by adventurer-billionaires, everyone in this emerging industry agrees that the goal is economic sustainability.
3 minute read

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