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Adobe PDFVolcker Rule: Agencies Release Limited Volcker Rule Guidance
Sullivan Cromwell LLP;
Legal Alert/Article
June 13, 2014, previously published on June 10, 2014
This 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...

 

HTMLOhio Federal Court Grants Summary Judgment to Tractor Manufacturer on Insurer’s Case Alleging Design Defects
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 13, 2014, previously published on June 9, 2014
Following a fire that entirely destroyed a commercial farming tractor, an insurer paid the tractor’s owner a significant sum under a casualty/property policy, and then brought suit against the tractor manufacturer and the manufacturer of the tractor’s turbocharger alleging defective...

 

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...

 

HTMLContact 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.;
Legal Alert/Article
June 12, 2014, previously published on April 2014
A 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.

 

HTML4th Circuit Holds Insurer Not Equitably Estopped From Denying Coverage
Collins Lacy P.C.;
Legal Alert/Article
June 12, 2014, previously published on April 2014
In an unpublished opinion, the 4th Circuit Court of Appeals reversed a South Carolina District Court judge’s finding that an insurer was equitably estopped from denying coverage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....

 

HTMLA PRA Roundtable Discussion for Insurance Sector Trade Bodies
Chris Finney; Edwards Wildman Palmer LLP;
Legal Alert/Article
June 11, 2014, previously published on June 2014
On 30 May 2014, the PRA held a roundtable discussion for insurance sector trade bodies.

 

HTMLSchool District’s Potential Liability for Bullying Not Limited to Its Own Students
Jonathan E. Meer, David S. Sheiffer; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
June 11, 2014, previously published on June 3, 2014
In 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.

 

HTMLS.C. Supreme Court Rejects Reasonable Expectations Doctrine as a Substantive Right
Peter H. Dworjanyn; Collins & Lacy, P.C.;
Legal Alert/Article
June 11, 2014, previously published on April 2014
The 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...

 

HTMLBad 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;
Legal Alert/Article
June 11, 2014, previously published on June 2, 2014
Two 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...

 

HTMLTexas Federal Court Finds Insurers Have No Duty To Defend Underlying Worker Death Case But May Have Duty To Indemnify
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 9, 2014, previously published on June 2, 2014
Two 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....

 


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