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HTMLU.S. Senate Banking Committee Unanimously Approves Terrorism Risk Insurance Program Reauthorization Act of 2014
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 6, 2014, previously published on June 3, 2014
The U.S. Senate Committee on Banking, Housing and Urban Affairs ("Committee") unanimously approved S. 2244, also known as the "Terrorism Risk Insurance Program Reauthorization Act of 2014" ("TRIA"), during a markup hearing today, June 3, 2014. The bill extends the...

 

HTMLFirst Circuit: Proof of Death Prerequisite to Payment of Life Benefits
Thomas W. Curvin, Ellen M. Dunn, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 6, 2014, previously published on May 28, 2014
The U.S. Court of Appeals for the First Circuit has confirmed that proof of death is a reasonable requirement for payment under a life insurance policy, and is a prerequisite to monies becoming “payable” under unclaimed property laws governing such policies. On May 27, a three-judge...

 

HTMLFlorida's Citizens Property Insurance Inspector General To Review State-Run Insurer's Post-Employment Ethical Guidelines
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 5, 2014, previously published on June 2, 2014
In the wake of a Miami Herald investigative report published yesterday, June 1, 2014, Citizens Property Insurance Corporation's ("Citizens'") Board of Governors Chairman Chris Gardner and President/CEO and Executive Director Barry Gilway have asked Citizens' Inspector General to review...

 

HTMLBlame It on the Bank? Defending Mortgage Lenders in Premises Liability Cases
Joanna D. Buchanico; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
June 4, 2014, previously published on June 1, 2014
While the country’s mortgage crisis is waning, banks and lenders now are facing a growing litigation trend—defending themselves in premises liability cases when the subject property is in foreclosure. When dealing with landowner defendants with limited assets, plaintiffs are now turning...

 

HTMLInherent Conflicts Within Insurance Intermediaries Not Being Properly Managed, United Kingdom's Financial Conduct Authority Reports
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
June 3, 2014, previously published on May 29, 2014
Inherent conflicts within insurance intermediaries are not being properly managed, a recent "Thematic Review" by the United Kingdom's ("UK") Financial Conduct Authority ("FCA") has found. The FCA is the UK's primary financial services industry regulator.

 

HTMLUnion Carbide v. Bombardier: Confidentiality of Settlement Communications
Margot Finley; Borden Ladner Gervais LLP;
Legal Alert/Article
May 30, 2014, previously published on May 29, 2014
A decision of the Supreme Court of Canada released on May 8, 2014 has clarified that a confidentiality clause in a mediation contract will not restrict a party from producing evidence of communications made in the mediation context in order to prove the terms of the settlement, unless that is the...

 

Adobe PDFNew York State Department of Financial Services: Proposed Regulation Addressing Private Equity Investment in Insurers: The New York State Department of Financial Services Issues Proposed Amendments to Regulation Governing Acquisitions of New York Domestic Insurance Companies
Sullivan Cromwell LLP;
Legal Alert/Article
May 30, 2014, previously published on May 20, 2014
Citing a trend in recent years of private equity firms acquiring insurers, particularly life insurers writing fixed and indexed annuity contracts, the New York State Department of Financial Services on May 14, 2014 released for public comment proposed amendments to its regulations governing the...

 

HTMLBlame It on the Bank? Defending Mortgage Lenders in Premises Liability Cases
Joanna D. Buchanico; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
May 29, 2014, previously published on June 1, 2014
While the country’s mortgage crisis is waning, banks and lenders now are facing a growing litigation trend—defending themselves in premises liability cases when the subject property is in foreclosure. When dealing with landowner defendants with limited assets, plaintiffs are now turning...

 

HTMLFlorida’s New Daubert Standard for Expert Testimony is Retroactive
Tashia M. Small; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
May 29, 2014, previously published on June 1, 2014
Recently, Florida made the transition into a Daubert jurisdiction, aligning Florida courts with their federal counterparts. Simply stated, the amendment of Florida Statute § 90.702 makes the standard of admissibility of expert testimony in Florida courts stricter and more exacting.

 

HTMLMissouri Department of Insurance, Financial Institutions and Professional Registration releases Annual Report
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
May 29, 2014, previously published on May 27, 2014
Jefferson City, Mo. - The Missouri Department of Insurance, Financial Institutions and Professional Registration ("DIFP") recently released its 2013 Annual Report, which is available online, is fully interactive, offering links, charts and other illustrations of data and trends in the...

 


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