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1
Northern District Of New York Allows Evidence That Follow The Fortunes Or Follow The Settlements Provision Could Be Implied In Facultative Reinsurance Certificates
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.
United States
18 Jul 2018
2
Expect Focus - Life Insurance, Volume II, June 2018
Expect Focus - Life Insurance, Volume II, June 2018
United States
18 Jul 2018
3
COI Litigation Update
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 ...
United States
17 Jul 2018
4
Win for MassMutual in Rare Class Action Trial
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.
United States
17 Jul 2018
5
Ninth Circuit: Face Amount Controls Amount-In-Controversy Questions Where Policy's Validity Is Disputed
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 ...
United States
17 Jul 2018
6
South Carolina First State to Adopt NAIC Insurance Data Security Model Law
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.
United States
17 Jul 2018
8
New York Pushes Mutual Fund Active Share Disclosure
New York's Attorney General issued a report on its recent investigation of fees charged by actively managed equity mutual funds and a metric known as "Active Share."
United States
16 Jul 2018
9
More Trouble For Plan Administrators In Drunk Driving Cases
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...
United States
16 Jul 2018
10
Texas Department Of Insurance Proposes Regulations Implementing Reduced Collateral Credit For Reinsurance Law Passed By Texas Legislature In 2017
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
United States
16 Jul 2018
11
Battle Lines Drawn Over Coverage For Opioid Litigation
Opioid producers and distributors have turned to their insurance companies for relief from litigation, triggering a fierce fight.
United States
15 Jul 2018
12
To Preempt Or Not To Preempt - Courts Issue Competing SLUSA Rulings
The New Jersey federal district court judge remanded the action. In state court, AXA again moved to dismiss, this time successfully.
United States
11 Jul 2018
13
Unclaimed Life Insurance Benefits: The First Half Of 2018 In Review
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.
United States
11 Jul 2018
14
Recalls Of Loaned Securities By Insurance Dedicated Funds
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...
United States
9 Jul 2018
15
SEC Warns About Third-Party Destruction Of Broker-Dealer Records
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...
United States
9 Jul 2018
16
FINRA Proposes To Ease Regulation Of Outside Business Activities
The new rule would require supervision by member firms in two situations.
United States
9 Jul 2018
17
Recovery For Medical Expenses When A Plaintiff With Medical Insurance Opts To Treat On A Lien Basis
One of the items an insurance adjuster will look at when valuing a product liability claim is to see how much the plaintiff incurred in medical expenses and medical bills after the accident.
United States
9 Jul 2018
18
ACOD B – A 1980s Design Success
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...
United States
6 Jul 2018
19
New York's First Department Upholds Fraud Claim Involving Alleged Sham Reinsurance Scheme
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.
United States
6 Jul 2018
20
Which Thoroughbred Will Win The Standards Of Care Derby?
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.
United States
6 Jul 2018
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