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HTMLFederal Abstention in Sixth Circuit Declaratory Judgment Coverage Litigation
David J. Oberly; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
November 25, 2015, previously published on December 1, 2015
As the sophistication and complexity of insurance contracts continues to rise, disputes between insurers and their insureds regarding the existence and/or extent of coverage have become much more commonplace. While the majority of insurance coverage disputes are creatures of state law, the Federal...

 

HTMLNavigating the Uncertain Waters of Florida Proposals for Settlement
Jessica L. Lanifero; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
November 25, 2015, previously published on December 1, 2015
The jury has just returned a verdict in your favor. You find yourself tasked with evaluating a proposal for settlement you served months or even years ago. Now an important question arises: Is the proposal for settlement valid and enforceable? Given recent legal developments in Florida, the courts...

 

HTMLDoes Pennsylvania’s Act 86 Require an Insurer to Provide Notice to an Insured Before Policy Expiration?
Jane Ennis Kane; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
November 25, 2015, previously published on December 1, 2015
Recently, the Philadelphia Court of Common Pleas granted summary judgment to an insurer and its agent in an action by a former insured seeking coverage for a fire loss under a commercial property insurance policy because the policy expired before the loss occurred, and the policy was not renewed....

 

HTMLTreasury and U.S. Trade Representative Notify Congress of Intent to Initiate Negotiations on Covered Agreement With EU Regarding U.S. Equivalence
Eric A. Arnold, Brian Barrett, B. Scott Burton, Eric R. Fenichel, John S. Pruitt; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
November 23, 2015, previously published on November 22, 2015
On Friday, November 20, 2015, the U.S. Department of the Treasury and the U.S. Trade Representative (USTR) notified the chairs of the U.S. House Financial Services Committee, House Ways and Means Committee, Senate Banking Committee and Senate Finance Committee of their intent to initiate...

 

HTMLElectronic Identification Cards to be Used in New York
Sutherland Asbill Brennan LLP;
Legal Alert/Article
November 20, 2015, previously published on November 19, 2015
GEICO has become the first insurance company to issue electronic insurance identification cards in the State of New York. These e-cards are now available to GEICO’s New York customers on its app. Under new regulations that went into effect in April, motorists may provide proof of auto...

 

HTMLMinnesota the Latest State to Join the Price Optimization Bandwagon
Sutherland Asbill Brennan LLP;
Legal Alert/Article
November 17, 2015, previously published on November 16, 2015
The Minnesota Department of Commerce has issued Administrative Bulletin 2015-3, barring the use of price optimization in ratemaking by property and casualty insurers. The Bulletin states that “[p]rice optimization is not an actuarial estimate based on expected losses, expenses, and the degree...

 

HTMLFlorida Joins International Association of Insurance Supervisors' Information Exchange Agreement
Colodny Fass P.A.;
Legal Alert/Article
November 17, 2015, previously published on November 10, 2015
Florida Insurance Commissioner Kevin McCarty, together with Felix Hufeld, Chair of the Executive Committee of the International Association of Insurance Supervisors ("IAIS), today announced that the Florida Office of Insurance Regulation has joined has joined as the 55th jurisdiction...

 

HTMLSecurities Regulator Consults on Loan Origination by European Long-Term Investment Funds
Philippe Goutay, Anselme Mialon; Jones Day;
Legal Alert/Article
November 13, 2015, previously published on November 2015
On October 22, 2015, the AMF launched a public consultation as to how French investment funds may be permitted to register as European long-term investment funds and hence originate loans to companies, under certain conditions.

 

HTMLFlorida Office of Insurance Regulation to Review NCCI Supplemental Rate Filing Information
Colodny Fass P.A.;
Legal Alert/Article
November 13, 2015, previously published on November 6, 2015
The Florida Office of Insurance Regulation ("OIR") advised today, November 6, 2015, that it has received a request from the National Council on Compensation Insurance ("NCCI") to consider supplemental information related to the expense constant, indemnity trend, and profit and...

 

HTMLRevised Mediation of Property Insurance Claims Rule Effective November 3, 2015
Colodny Fass P.A.;
Legal Alert/Article
November 13, 2015, previously published on November 6, 2015
Rule 69O-166.031, entitled “Mediation of Property Insurance Claims” was recently revised to address the invalidity of a portion of its provisions as the result of the ruling in State Farm Florida Ins. Co v Unlimited Restoration Specialists, Inc., 84 So. 3d 390 (Fla. 5th DCA 2012).

 


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