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|Volcker Rule: Agencies Release Limited Volcker Rule Guidance|
Sullivan Cromwell LLP;
June 13, 2014, previously published on June 10, 2014This afternoon, the Board of Governors of the Federal Reserve System (the “Federal Reserve”), the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation (collectively, the “Banking Agencies”) and the Securities and Exchange Commission (the...
|Risk Busters Additional Insured Coverage And The Peril of Relying On Certificates of Insurance|
Matthew M. Hennesy; Barley Snyder;
June 13, 2014, previously published on June 2014One 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...
|Does Your Personal Umbrella Insurance Give You The Coverage You Need?|
Charles C. Ashdown; Strauss Troy Co., L.P.A.;
June 13, 2014, previously published on May 30, 2014Umbrella policies are most often thought of as the ultimate protection if you face a claim or lawsuit based on liability arising from the use of your personal vehicle. But, like anything else, it pays to be a wise consumer and understand the basics of what is and isn’t covered.
|Contact Us Columbia Charleston Greenville Myrtle Beach SC Supreme Court Finds Family Member Exclusion in Florida Auto Policy Does Not Violate SC Public Policy|
Collins Lacy P.C.;
June 12, 2014, previously published on April 2014A Florida automobile insurance policy’s family exclusion did not violate South Carolina public policy according to an April 2014 opinion of the South Carolina Supreme Court.
|4th Circuit Holds Insurer Not Equitably Estopped From Denying Coverage|
Collins Lacy P.C.;
June 12, 2014, previously published on April 2014In an unpublished opinion, the 4th Circuit Court of Appeals reversed a South Carolina District Court judge’s finding that an insurer was equitably estopped from denying coverage to a new owner of the insured business for a wrongful death claim. First Financial Ins. Co. v. Brumbaugh, No....
|Bad Faith Claim Against Insurer Ruled Unsustainable by New York Federal Courts Where Based on Same Facts as Breach of Contract Count|
Carl J. Pernicone, Robert M. Weber; Wilson Elser Moskowitz Edelman & Dicker LLP;
June 11, 2014, previously published on June 2, 2014Two recent New York federal court decisions -433 Main Street Realty, et al. v. Darwin National Assurance Co., No. 14-cv-587 (NGG) (VMS) (E.D.N.Y. Apr. 22, 2014) and County of Orange v. The Travelers Indemnity Co. No. 7:13-cv-06790, S.D. N.Y.; 2014 U.S. Dist. - provide a good synopsis of the factual...
|S.C. Supreme Court Rejects Reasonable Expectations Doctrine as a Substantive Right|
Peter H. Dworjanyn; Collins & Lacy, P.C.;
June 11, 2014, previously published on April 2014The S.C. Supreme Court declined to adopt the doctrine of reasonable expectations within the insurance coverage context in Bell v. Progressive Direct Insurance Co., Op. No. 27381 (S.C. Sup. Ct. filed April 9, 2014). Instead, the court held the doctrine may be used as another interpretive tool, but...
|A PRA Roundtable Discussion for Insurance Sector Trade Bodies|
Chris Finney; Edwards Wildman Palmer LLP;
June 11, 2014, previously published on June 2014On 30 May 2014, the PRA held a roundtable discussion for insurance sector trade bodies.
|School District’s Potential Liability for Bullying Not Limited to Its Own Students|
Jonathan E. Meer, David S. Sheiffer; Wilson Elser Moskowitz Edelman & Dicker LLP;
June 11, 2014, previously published on June 3, 2014In a case of first impression in New York, a state court has ruled that a school district can face potential liability under the state’s anti-bullying laws, even where the bullying victim is not one of its own students.
|Texas Federal Court Finds Insurers Have No Duty To Defend Underlying Worker Death Case But May Have Duty To Indemnify|
Sutherland Asbill Brennan LLP;
June 9, 2014, previously published on June 2, 2014Two insurers filed a declaratory judgment in Texas federal court to determine whether they had a duty to defend and indemnify certain parties in an underlying Texas state court action in which a deceased worker’s family alleged that the parties were responsible for the worker’s death....