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HTMLRAND Corporation: Expiration of Terrorism Risk Insurance Act Could Hurt National Security
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
March 10, 2014, previously published on March 6, 2014
Allowing the federal terrorism risk insurance act to expire could have negative consequences for U.S. national security, according to a new study issued by the RAND Corporation today, March 6, 2014.

 

Adobe PDFKozel v The Personal Insurance Co.: The Latest Word on Relief From Forfeiture
Lori D. Mountford; Blaney McMurtry LLP;
Legal Alert/Article
March 10, 2014, previously published on March 2014
On February 19, 2014, the Ontario Court of Appeal released its decision in Kozel v The Personal Insurance Company, 2014 ONCA 130. The case will be of interest to auto insurers and representatives presented with “authorized by law to drive” issues. Its significance, however, is broader....

 

Adobe PDFPotential Impact of the Tax Reform Act of 2014 on Insurance Companies
Dennis L. Allen, Thomas A. Gick, Jerome B. Libin, Jeffrey H. Mace, Michael R. Miles; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
March 10, 2014, previously published on February 28, 2014
On February 26, House Ways and Means Committee Chairman Dave Camp (R-Mich.) released a “Discussion Draft” of the Tax Reform Act of 2014, which sets forth his much-anticipated tax reform proposals. Of note, the Discussion Draft aims to transition the corporate tax rate to a flat 25% rate...

 

Adobe PDFFY 2015 Budget Tax Proposals Target Insurance Companies
Dennis L. Allen, Thomas A. Gick, Jerome B. Libin, Jeffrey H. Mace, Michael R. Miles; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
March 10, 2014, previously published on March 5, 2014
On March 4, the Obama Administration released its fiscal year 2015 budget (FY 2015 Budget). In keeping with the Administration’s past budgets, the FY 2015 Budget includes a number of tax proposals that target insurance companies or that otherwise would have a direct effect on them....

 

HTMLNew York Court of Appeals Sustains Delay in Disclaimer Based on Insured’s Lack of Cooperation
Wendy J. Keenan, Carl J. Pernicone; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 10, 2014, previously published on March 6, 2014
Will a New York court excuse an insurer’s delay in disclaiming coverage based on an insured’s failure to cooperate, when the facts confirm that it did so as soon as reasonably possible after it determined that the insured would not cooperate in the defense, investigation or settlement...

 

HTMLFlorida Surplus Lines Service Office (FSLSO) Service Fee To Decrease April 1, 2014
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
March 6, 2014, previously published on February 27, 2014
The service fee charged by the Florida Surplus Lines Service Office ("FSLSO") will be decreased from 0.2% to 0.175% effective April 1, 2014.

 

HTMLFlorida House of Representatives' Governmental Operations Appropriations Subcommittee Advances Insurance Agent, Agency Proposal, Omnibus Bill
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
March 6, 2014, previously published on March 4, 2014
The Florida House of Representatives' Governmental Operations Appropriations Subcommittee ("Subcommittee") met today, March 4, 2014. The agenda included CS/HB 565 by Representative Santiago, an insurance-related omnibus bill that makes numerous changes to Florida's Insurance Code...

 

HTMLRecent Case Advances Ninth Circuit Law on Pleading Diversity of Citizenship on Information and Belief
Melissa A. Murphy-Petros, James K. Thurston; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 6, 2014, previously published on February 26, 2014
Insurers frequently file coverage actions in federal court, and when they do, jurisdiction is often predicated on diversity. Pursuant to 28 U.S.C. § 1332(a), a federal district court has original jurisdiction of a civil action between citizens of different states in which the amount in...

 

HTMLDespite the Best of Intentions, Paving the Way for the Next Financial Meltdown Part II: Getting Ready
Frederick J. Pomerantz; Wilson Elser Moskowitz Edelman & Dicker LLP;
Legal Alert/Article
March 6, 2014, previously published on February 25, 2014
As discussed in Part I of our Client Alert, “Despite the Best of Intentions, Paving the Way for the Next Financial Meltdown,” dated August 22, 2013, the Financial Stability Board (FSB) is studying the application of the key attributes of effective resolution regimes for financial...

 

HTMLShaking Down the Thunder from the Sky: Notre Dame’s Challenge to the Contraception Mandate
Ryan N. Parsons; Foley & Lardner LLP;
Legal Alert/Article
March 6, 2014, previously published on February 28, 2014
The Supreme Court will inevitably decide to what extent the Religious Freedom Restoration Act protects religiously affiliated employers from providing insurance coverage for contraceptive services, as is generally required under the Affordable Care Act. But in the meantime, the Seventh Circuit has...

 


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