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HTMLLegislation Substantially Relaxing South Carolina Captive Insurance Law Heads to Governor Nikki Haley for Action
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 23, 2014, previously published on May 30, 2014
A bill that would relax laws governing captive insurance companies doing business in South Carolina and allow the formation of incorporated cells passed the South Carolina General Assembly on May 28, 2014. The legislation, Senate Bill 909, will now be presented to Governor Nikki Haley for...

 

HTMLWhen to Give Notice of an Accident or Occurrence Under Your Liability Insurance Policy
Guy M. Harbert; Gentry Locke Rakes & Moore, LLP;
Legal Alert/Article
June 23, 2014, previously published on June 10, 2014
Every year, millions of Americans purchase insurance policies to protect themselves, their families, and their businesses. This insurance, whether in the form of an automobile policy, a homeowners policy, or a business policy usually has two component parts: the property coverage and the liability...

 

HTMLConnecticut Appellate Court Rules Reinstatement of Coverage After Lapse for Nonpayment Is Prospective Only
Anthony B. Corleto; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
June 18, 2014, previously published on June 12, 2014
When a homeowner’s insurer reinstates coverage that was cancelled for nonpayment of premium, can it avoid coverage for a fire loss that happened while the policy was cancelled? Yes, said the Connecticut Appellate Court in the recent decision Brown v. State Farm Insurance Co., 150 Conn. App....

 

HTMLAdditional Insured Certificates: What Do They Mean?
James R. Harvey; Vandeventer Black LLP;
Legal Alert/Article
June 17, 2014, previously published on June 2014
Shifting the significant risk of loss is a basic part of construction contracting. Contractors are familiar with requirements to provide proof of insurance and to name the owner, architect and general contractor as an additional insured on the commercial general liability policy. Most parties...

 

HTMLAlabama Coastal Insurance Reform Act of 2014 Expands Insurance Premium Tax Credit Zones, Sets $50,000 Limit
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 17, 2014, previously published on June 12, 2014
In Bulletin 2014-02 issued today, June 11, 2014, Alabama Insurance Commissioner Jim Ridling advised all authorized property and casualty insurers that revisions enacted this year to Alabama Code Section 27-1-24-1 become effective on July 1, 2014. As amended, the law is now known as the...

 

HTMLFlorida Governor Rick Scott Approves Insurance Holding Company Supervision Bills
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 17, 2014, previously published on June 13, 2014
Two bills signed into law by Florida Governor Rick Scott today, June 13, 2014, are expected to benefit Florida policyholders by modernizing insurer solvency regulation.

 

HTMLFlorida Insurance Guaranty Association (FIGA) Approves Sunshine State Insurance Liquidation Transition Plan
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 16, 2014, previously published on June 9, 2014
The Florida Insurance Guaranty Association ("FIGA") Board of Directors ("Board") met in Tallahassee, Florida today, June 9, 2014, to discuss the Sunshine State Insurance Company ("Sunshine State") liquidation.

 

HTMLConsumer Groups, Insurance Entities Submit Comments on Federal Insurance Office Auto Coverage Affordability, Availability
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 16, 2014, previously published on June 11, 2014
With the comment period now closed as of June 9, 2014 on its Request for Information about the availability and affordability of personal auto insurance, the Federal Insurance Office ("FIO") logged over 50 collective submissions on the issue, including one letter signed by 33 consumer...

 

HTMLState of Washington Insurance Office Reviews Producer Commission Sharing Rules
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 16, 2014, previously published on June 10, 2014
The Washington State Office of the Insurance Commissioner ("WOIC") held a hearing this morning, June 10, 2014, on proposed Rules that would permit a licensed insurance producer to share commissions, service fees or other valuable consideration with an unlicensed person.

 

HTMLRisk Busters Additional Insured Coverage And The Peril of Relying On Certificates of Insurance
Matthew M. Hennesy; Barley Snyder;
Legal Alert/Article
June 13, 2014, previously published on June 2014
One way owners and contractors can help manage the risks inherent in a construction project is by requiring that downstream contractors and subcontractors add them as an additional insured under their liability policies. Being added as an additional insured will provide owners and contractors with...

 


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