Perspectives on Insurance & Reinsurance
88 total results. Page 1 of 4.
Legislation Introduced Adding Exception to Diligent Effort Requirement In New York For Certain Excess Line Policies
Almost all states promulgate regulations regarding “diligent efforts” that licensed excess line brokers must perform while wishing to offer permissible coverage from unlicensed insurance companies in that state’s market, when no coverage or an insufficient amount of insurance is available.
On March 17, 2023, the US Department of Housing and Urban Development reinstated a 2013 discriminatory effects rule regarding liability under the Fair Housing Act (42 U.S.C. 3601 et seq.). In doing so, HUD rescinded a 2020 rule regarding proving liability under the Act.
ArentFox Schiff is pleased to announce the addition of Partner Huhnsik Chung to the firm’s Complex Litigation and Insurance & Reinsurance groups. Based in the New York office, Huhnsik brings more than three decades of experience advising clients nationally and internationally.
Harvard, Like Many Students, Misses Application Deadline, Resulting in a $15 million Insurance Coverage Error
Harvard University must pay its own defense costs in the ongoing legal challenges to its affirmative action program after losing a battle with its insurance carrier, Zurich American Insurance Company (Zurich).
ArentFox Schiff has been recognized with 53 top rankings in the 2023 edition of US News – Best Lawyers® “Best Law Firms.”
On October 20, 2022, the New York Court of Appeals ― the highest court in New York ― issued its opinion in In the Matter of Independent Insurance Agents and Brokers of New York Inc., et al. v. New York State Department of Financial Services, et al.
Julius A. Rousseau, III, James M. Westerlind, Lee A. Pepper, Andrew Dykens, David J. Ward, Franjo M. Dolenac, Anna Mandel
On October 25, 2022, the Supreme Court of Georgia answered a certified question from the Eleventh Circuit Court of Appeals concerning Georgia’s insurable interest statute, OCGA § 33-24-3 (1995).
In the last few years, global insurance markets have faced unprecedented challenges from climate change disasters, cyber security threats, and cryptocurrency.
ArentFox Schiff is pleased to announce that 121 attorneys have been recognized by The Best Lawyers in America 2023, with an additional six attorneys highlighted as “Lawyers of the Year” and 40 attorneys listed as “Ones to Watch.”
Second Circuit Rules That the Filed-Rate Doctrine Bars the Recalculation of Approved Auto Insurance Rates
On May 25, 2022, in Grossman v. GEICO Cas. Co. (No. 21-278), the Second Circuit Court of Appeals affirmed the District Court’s dismissal of an attempted class action by two automobile policyholders alleging that GEICO unjustly retained windfall profits on personal auto insurance policies.
The Delaware Supreme Court’s Second Major Opinion on the Secondary Life Market Offers Substantial Protections for Investors
On May 26, 2022, the Supreme Court of the State of Delaware issued its decision in Wells Fargo Bank, N.A. and Berkshire Hathaway Life Insurance Company of Nebraska v. Estate of Phyllis M. Malkin (19-14689, 17-cv-23136, 172, 2021) (“Malkin”).
The 2022 edition of Chambers USA: America’s Leading Lawyers for Business has recognized 66 ArentFox Schiff attorneys as leaders in their field.
On May 17, 2022, ArentFox Schiff secured a jury verdict rejecting claims brought by an executor seeking the proceeds of a $1.5 million life insurance policy in the most recent development in so-called “estate cases” brought under Delaware law.
Practising Law Institute Presents The Basics of U.S. Insurance Regulation - What Every Corporate and Finance Lawyer Needs to Know About How States Regulate Insurance Companies
Please join Richard G. Liskov, Senior Counsel at ArentFox Schiff LLP and former Deputy Superintendent and General Counsel of the New York Insurance Department, as he provides a primer as to how insurance is regulated in the U.S.
Massachusetts High Court Finds COVID-19 Income Loss Excluded From “All-Risk” Business Insurance Policies
On April 21, 2022, the Supreme Judicial Court determined that various losses incurred by businesses from the COVID pandemic were not a “direct that various losses incurred by businesses that stemmed from the COVID-19 pandemic were not a “direct physical loss of or damage to” their properties.
Foreign insurers can feel more confident in their ability to enforce international arbitration clauses in American courts. Last month, the US Supreme Court declined to reverse a decision of the US Court of Appeals for the Ninth Circuit that allowed Lloyd's of London to compel arbitration.
Under legislation signed on December 31 by Governor Kathy Hochul, (S.3762/A. 1396; L2021, ch. 828), all pharmacy benefit managers operating in New York State will be required to register with the State Department of Financial Services (DFS) by April 1, 2022, and thereafter to be licensed.
Schiff Hardin LLP has received 39 top-tier rankings in the 2022 edition of U.S. News – Best Lawyers® “Best Law Firms,” nationally recognizing the firm’s premier practices.
In a recent notice to the industry the Federal Insurance Office (“FIO”) set forth a series of requests to both life and property/casualty insurers for information as to the impact of climate change on both their insurance risks and asset valuations affecting their solvency. See Federal Insurance Off
Arent Fox Represents Opt-Out Plaintiffs in Coordination with Class Actions Against Universal Life Insurance Carriers for Unlawful Cost-of-Insurance Increases
The absence of insurance regulations to limit or deter unlawful cost-of-insurance (“COI”) increases for universal life insurance (“ULI”) policies has resulted in a flurry of class action activity against carriers.
Sixty-nine Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2022.
On June 25 the federal Department of Housing and Urban Development announced that it would re-codify its 2013 regulation subjecting the practices and policies of homeowners insurers to scrutiny under a disparate impact standard as a means of enforcing the Fair Housing Act.
Schiff Hardin LLP is pleased to announce that five practice areas have been ranked in Chambers USA 2021 guide, including a new nationwide ranking for Energy: Electricity (Transactional).
Elliott M. Kroll, Julius A. Rousseau, III, James M. Westerlind, Richard G. Liskov, David J. Ward, Andrew Dykens
The New York Department of Financial Services (DFS) became the first US financial regulator to issue climate-related guidance intended to require insurers to manage the complex financial risks of climate change.
Linda M. Jackson, Alexander H. Spiegler, Allan E. Anderson, Sara T. Schneider, Lauren C. Schaefer, Alexandra M. Romero, Nadia Patel, Morgan R. Pankow, Natalie C. Kreeger
Download Our State-by-State Summary of the Year's Most Important Cases