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HTMLCalifornia and Virginia Join IAIS International Information Exchange Agreement
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 4, 2014, previously published on August 29, 2014
Peter Braumüller, Chairman of the Executive Committee of the International Association of Insurance Supervisors ("IAIS"), announced yesterday, August 28, 2014, that the insurance supervisors of California and Virginia have joined an international supervisory cooperation and...

 

HTMLSubcontractor’s Insurer Owes Duty To Defend Contractor For Liability Suits Arising From Fatal Fireworks Explosion
Sutherland Asbill Brennan LLP;
Legal Alert/Article
September 4, 2014, previously published on August 28, 2014
Company A had a contract with the federal government to destroy seized fireworks and hired Company B to actually destroy them. While Company B was in the process of destroying the fireworks, an explosion occurred that killed five Company B employees. Multiple liability suits followed. Company...

 

HTMLFlorida's Citizens Property Insurance Clearinghouse Expanded to Multi-Peril Homeowners Renewals
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 4, 2014, previously published on September 2, 2014
Florida Citizens Property Insurance Corporation ("Citizens") policyholders with multi-peril homeowners (HO-3) policies approaching renewal will now have these policies shopped through Citizens' Property Insurance Clearinghouse ("Clearinghouse") to help them find comparable...

 

HTMLCourt Sanctions Plaintiff for Appraisal Delays - Dismisses Lawsuit with Prejudice for Failure to Cooperate
Martin Disiere Jefferson Wisdom L.L.P.;
Legal Alert/Article
September 2, 2014, previously published on August 18, 2014
A U.S. District Court Judge for the Southern District of Texas, McAllen Division, recently put an end to Plaintiff's contumacious delays involving discovery requests, designation of experts, depositions and ultimately, a failure to cooperate with an appraisal invoked by Plaintiff after a year of...

 

HTMLNAIC Moving Forward on Regulation of XXX/AXXX Financing Transactions
Hugh T. McCormick, K. Oliver Rust; Duane Morris LLP;
Legal Alert/Article
September 2, 2014, previously published on August 29, 2014
For more than two years, the National Association of Insurance Commissioners (the "NAIC") has been addressing the use by life insurers of captive reinsurers to finance reserves for certain term life insurance or universal life insurance policies (the reserves are known as "XXX...

 

HTMLAllegations against Insurance Agent Were Sufficient to Defeat Removal Based on Fraudulent Joinder - Case Remanded
Martin Disiere Jefferson Wisdom L.L.P.;
Legal Alert/Article
September 2, 2014, previously published on August 12, 2014
Last Tuesday, in Oldham v. Nationwide Insurance Company of America, 2014 WL 3855238 (N.D.Tex. August 5, 2014), United States District Judge Jane Boyle granted Plaintiff’s motion to remand a case removed to federal court based on diversity of citizenship and the alleged fraudulent joinder of a...

 

HTMLCourt Finds Settlement Obligations to Pay Mortgagor Are Not Discharged By Sending Co-Payable Check to Insured
Martin Disiere Jefferson Wisdom L.L.P.;
Legal Alert/Article
September 2, 2014, previously published on August 12, 2014
Last Thursday, in Viewpoint Bank v. Allied Property and Cas. Ins. Co., 2014 WL 3867810 (Tex.App.-Dallas August 7, 2014), the Dallas Court of Appeals examined the insurer’s duty to pay a mortgage company in relation to the settlement of an insurance claim arising out of Hurricane Ike. Allied...

 

HTMLHouse Republicans Nearing Deal on Terrorism Insurance
McDonald Hopkins LLC;
Legal Alert/Article
September 2, 2014, previously published on August 29, 2014
In July, the Senate - by a vote of 93 to 4 - reauthorized the terrorism risk insurance program that was initially enacted after the Sept.11 terror attacks. Despite the overwhelmingly bipartisan vote in the Senate, House conservatives have sought additional changes to the program that they say will...

 

HTMLTwo Important Deadlines Approaching for Self-Insured Group Health Plans
Casey K. Fleming, Leigh C. Riley; Foley & Lardner LLP;
Legal Alert/Article
September 1, 2014, previously published on August 26, 2014
If you sponsor a self-insured group health plan, then November includes two important deadlines: (1) you must obtain a health plan identifier for your plan, and (2) you must report the number of participants for whom a transitional reinsurance fee is due.

 

HTMLFlorida Office of Insurance Regulation Reviews Citizens Property Insurance 2014 Rate Filings
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 1, 2014, previously published on August 27, 2014
The Florida Office of Insurance Regulation ("OIR") held a public rate hearing for Citizens Property Insurance Corporation ("Citizens") today, August 27, 2014.

 


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