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|Texas Supreme Court Rejects Additional Insured Coverage for BP To the Tune of $750 Million|
Jonathan L. Schwartz, Colin B. Willmott; Goldberg Segalla LLP;
March 11, 2015, previously published on February 17 , 2015In a decision handed down by the Supreme Court of Texas on Friday, the court determined that BP was not entitled to additional insured coverage under several insurance policies issued to Transocean by a variety of insurers. In re: Deepwater Horizon, No. 13-0670 (Tex. Feb. 13, 2015). The opinion...
|Law Firm’s Policy Rescinded For Misrepresentation in Application|
Sarah J. Delaney, Clayton D. Waterman; Goldberg Segalla LLP;
March 11, 2015, previously published on February 24, 2015The Supreme Court of Illinois held that the insurer was entitled to rescind a law firm’s malpractice policy based on material misrepresentations in the firm’s renewal application. The main issue in this case was whether the policy could be rescinded despite one of the firm’s...
|District Court Sleuthing Around Policy Numbering Undermines Insurer’s Motion for Summary Judgment|
Michael Lettiero, Michael S. Saltzman; Goldberg Segalla LLP;
March 11, 2015, previously published on February 23, 2015In Connolly v. Progressive Northern Insurance Co., et al., No. 3:13-cv-2717, 2015 WL 464877 (M.D. Penn. Feb. 4, 2015), the United States District Court for the Middle District of Pennsylvania denied Progressive Northern Insurance Company’s (“Progressive”) motion for summary...
|Toll Free: First Circuit’s Decision Potentially Leaves Thousands of Asbestos Claimants Without Remedy Due to Expiration of Statute of Limitations|
Joanna M. Roberto, Alex J. Yastrow; Goldberg Segalla LLP;
March 11, 2015, previously published on February 24, 2015In Lydon v. T& N Ltd., 2015 WL 544970 (1st Cir. 2015), the First Circuit found in favor of T&N Limited, an asbestos manufacturer, effectively denying thousands of asbestos-related claims. Once T&N became aware that its product exposed it to significant liability due to its propensity to cause...
|Florida Office of Insurance Regulation Terminates Citizens Property Insurance 2007 Emergency Assessment|
Colodny Fass P.A.;
March 11, 2015, previously published on March 5, 2015Insurers currently collecting a 2007 Emergency Assessment levied on assessable Florida policies to cover a deficit in Citizens Property Insurance Corporation's High-Risk Account (now known as the "Coastal Account") for the 2005 Plan Year must cease collection by July 1, 2015 on both new...
|Cyber Breaches Prompt Government Action|
Aaron J. Aisen, Frederick J. Pomerantz; Goldberg Segalla LLP;
March 11, 2015, previously published on February 23, 2015The recent data breach at health insurer Anthem has sparked new legislation in Connecticut. During the breach, at least 80 million records were stolen. According to NBC News, among the 80 million victims, tens of millions of American children had their Social Security numbers, dates of birth,...
|Florida Senate Insurance Committee Approves Reciprocal Insurers, Countersignature Bills|
Colodny Fass P.A.;
March 11, 2015, previously published on March 4, 2015Four insurance-related bills were on the Florida Senate Committee on Banking and Insurance ("Committee") agenda today, March 4, 2015.
|Missouri Department of Insurance Announces FAIR Plan Sinkhole Coverage Now Available|
Colodny Fass P.A.;
March 11, 2015, previously published on March 4, 2015Missourians can now purchase sinkhole coverage through the state's Fair Access to Insurance Requirements Plan ("FAIR Plan"), the Missouri Department of Insurance, Financial Institutions and Professional Registration announced today, March 4, 2015.
|New York Department of Financial Services Seeks Stronger Cyber Hacking Defenses From Insurers|
Frederick J. Pomerantz, Alex J. Yastrow; Goldberg Segalla LLP;
March 11, 2015, previously published on February 25, 2015On February 4, 2015, Anthem Inc. disclosed that as many as 80 million customers’ sensitive personal information may have been compromised by criminal hackers. As a timely coincidence, but prompted in part by the breach, on February 8, the New York Department of Financial Services (DFS) issued...
|Intentional Act Exclusions & the Doctrine of Inferred Intent in Ohio|
David J. Oberly; Marshall Dennehey Warner Coleman & Goggin, P.C.;
March 10, 2015, previously published on March 1, 2015In Allstate Insurance Company v. Campbell, 942 N.E.2d 1090 (Ohio 2010), the Ohio Supreme Court clarified Ohio law regarding coverage for intentional acts. In that case, the court held that the inferred intent doctrine invokes an insurance policy’s intentional act exclusion when the...