Mondaq USA: Insurance
Carlton Fields
The court also considered Munich's motion to preclude certain testimony by Utica's expert witnesses regarding trade usage and custom and practice in the reinsurance industry.
Carlton Fields
Expect Focus - Life Insurance, Volume II, June 2018
Carlton Fields
Life insurers that defend challenges to their exercises of discretion to adjust cost of insurance (COI) rates on universal life insurance policies continue to seek opportunities ...
Carlton Fields
A California jury recently returned a verdict in favor of MassMutual following a 12-day trial in a state-court class action that claimed the insurer failed to pay dividends owed to policy owners.
Carlton Fields
In March, the Ninth Circuit provided clarity on a key and recurring issue relevant to a district court's ability to exercise subject matter jurisdiction in actions involving ...
Carlton Fields
On May 3, Governor Henry McMaster signed the South Carolina Insurance Data Security Act, making South Carolina the first state to adopt the NAIC Insurance Data Security Model Law.
Collins & Lacy, P.C.
Justice John Cannon Few issued the opinion for the majority.
Seyfarth Shaw LLP
The Fifth Circuit adds to the growing body of case law requiring more detailed reviews of claims for life insurance or accidental death and dismemberment benefits following accidents...
Carlton Fields
We previously reported on the Texas Legislature's passage in 2017 of Senate Bill 1070, which reduced collateral requirements for foreign reinsurers in order for domestic insurers to receive
Anderson Kill
Opioid producers and distributors have turned to their insurance companies for relief from litigation, triggering a fierce fight.
Carlton Fields
The New Jersey federal district court judge remanded the action. In state court, AXA again moved to dismiss, this time successfully.
Carlton Fields
The pace of developments in the unclaimed life insurance benefits space remained active in the first six months of 2018, with new judicial decisions and state legislative enactments making an impact.
Carlton Fields
In March, the SEC sanctioned the investment advisers of two funds supporting variable insurance contracts for inadequate disclosure about the funds' recalls of loaned portfolio securities...
Carlton Fields
The SEC staff issued an April 12 letter addressing broker-dealer contracts with third-party recordkeeping service providers under which the service provider can delete or discard records of a broker-dealer who fails...
Carlton Fields
The new rule would require supervision by member firms in two situations.
Cooley LLP
The special features of mesothelioma (its "indivisible" nature and its long latency) have thrown up many complex legal questions resulting in the creation of special mesothelioma jurisprudence...
Carlton Fields
Plaintiff, the alleged target of the conspiracy, had standing to bring the fraud claim, as it sought recovery for damages for the theft of its assets.
Carlton Fields
The NAIC and the State of New York continue racing as each is revising its suitability regulation to incorporate enhanced standards of care. Only time will tell which version will gallop to victory.
Miller Friel
Providing notice for governmental investigations is fraught with difficulty.
Carlton Fields
In a recent opinion, a Massachusetts appeals court was required to determine who is liable to pay workers' compensation benefits owed by a self-insured employer that has gone bankrupt?
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Carlton Fields
Once again, the SEC's Office of Compliance Inspections and Examinations (OCIE) has made variable insurance products an exam priority.
Mayer Brown
The 2017 Insuretech Connect conference was a melting pot of perspectives, ideas and approaches to transforming the insurance industry.
Morgan Lewis
US District Judge Manish S. Shah in the Northern District of Illinois last week denied insurers' motion to dismiss a pharmaceutical company's action seeking insurance coverage for the costs associated with...
Carlton Fields
South Carolina passed new legislation making numerous and streamlining changes to its captive insurance law.
Wilson Elser Moskowitz Edelman & Dicker LLP
The autonomous motor vehicle industry is growing exponentially. Various automobile manufacturers, including Audi, Ford, Volkswagen, GM, BMW, Toyota, Tesla, and Nissan, have announced that they plan to sell fully autonomous motor vehicles by 2021.
Carlton Fields
The pace of developments in the unclaimed life insurance benefits space remained active in the first six months of 2018, with new judicial decisions and state legislative enactments making an impact.
Seyfarth Shaw LLP
The Fourth Circuit found in favor of an insurer on a claim for life insurance benefits, finding the insured's failure to submit the required evidence of insurability was not excused by his employer...
Carlton Fields
The New Jersey federal district court judge remanded the action. In state court, AXA again moved to dismiss, this time successfully.
Dentons
On June 8, 2018, the United States Court of Appeals for the Second Circuit issued a unanimous opinion that declined to recognize a fraud exception ...
Miller Friel
Insurance Coverage litigation may be, by some, considered a last resort. That is, a process to enter into when all other avenues of settlement have failed. In certain situations, however, insurers file early declaratory judgment actions.
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