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HTMLAmid Transparency Criticism, International Association of Insurance Supervisors Publishes Risk-Based Insurance Capital Standard, Higher Loss Absorbency Development Principles
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 30, 2014, previously published on September 29, 2014
Directed by the Financial Stability Board to develop a risk-based global insurance capital standard within the Common Framework for the Supervision of Internationally Active Insurance Groups ("Comframe"), the International Association of Insurance Supervisors ("IAIS") published...

 

HTMLComparing Apples to Oranges
Sarah B. Cole; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
September 30, 2014, previously published on September 1, 2014
What is an “underinsured” motor vehicle in Delaware? Up until a short time ago, if all applicable policies of bodily injury liability coverage available totaled less than the amount of the claimant’s own uninsured/underinsured motorist coverage, that claimant would be deemed...

 

HTMLFederal Insurance Office Releases Second Annual Report on the Insurance Industry
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 26, 2014, previously published on September 24, 2014
The U.S. Department of the Treasury's Federal Insurance Office ("FIO") released its second Annual Report on the Insurance Industry ("Report") today, September 24, 2014. Pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ("Dodd-Frank") the...

 

HTMLFlorida Citizens Property Insurance Statewide Average Commercial Rates to Decrease 3.3 Percent
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 26, 2014, previously published on September 19, 2014
The Florida Office of Insurance Regulation ("OIR") announced today, September 19, 2014 that it has established the 2015 commercial residential and non-residential rates for Citizens Property Insurance Corporation ("Citizens"), Florida's largest property insurer. Overall,...

 

HTMLArgentinian Congress Passes New Supply Law that Could Affect Rights of Canadian Companies Doing Business in Argentina
Anelize Aguiar, Jeffrey D. Horswill, Max Portner; Davis LLP;
Legal Alert/Article
September 26, 2014, previously published on September 25, 2014
On September 18, 2014, the House of Deputies, the lower house of the Argentinian Congress, approved a controversial “supply” bill by a vote of 130 to 105. The bill, known as Law N° 26.991 or New Regulation of Production and Consumption Relations, had already been approved by the...

 

HTMLFlorida's Citizens Property Insurance To End 2004-2005 Emergency Assessment Two Years Early
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 26, 2014, previously published on September 24, 2014
Assessments to Florida property insurance policyholders used for debt service following the devastating 2004-2005 hurricane seasons will end two years early under a recommendation approved by Citizens Property Insurance Corporation's ("Citizens'") Board of Governors at its meeting in...

 

HTMLFinal Deadline Imminent for Enrolling in Delaware VDA Program
David W. Arrojo, Brendan Ballard, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
September 26, 2014, previously published on September 22, 2014
The enrollment period for the Delaware Secretary of State’s Voluntary Disclosure Agreement Program (the Delaware VDA Program) for unclaimed property reporting closes next week on September 30, 2014. Delaware has previously extended the deadline for entering the Delaware VDA Program, but the...

 

HTMLA Perfectly Imperfect Process: Dauphin County’s First Post-Koken Jury Trial
Allison L. Krupp; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
September 25, 2014, previously published on September 1, 2014
On December 29, 2005, all underinsured motorist claims (UIM) that couldn’t be resolved by the parties themselves were resolved through arbitration. The following day, everything changed. It was on that date that the Pennsylvania Supreme Court issued its decision in Insurance Federation of...

 

HTMLIdentification of Public Project Payment Bond Claimants
Harry Z. Rippeon; Smith, Currie & Hancock LLP;
Legal Alert/Article
September 24, 2014, previously published on September 17, 2014
Prime contractors working on public projects are often required to provide a payment bond to ensure adequate financial protection for those subcontractors and suppliers providing labor, materials, equipment, or other services. For federal government projects, this requirement is contained in the...

 

HTMLBad Faith Claim Not Time Barred Based on Date of Denial Triggering Cause of Action; Common Law Bad Faith Claim Subsumed in Breach of Contract Claim, Which Had Been Dismissed on Basis of Contractual Limitations Period (Philadelphia Federal)
Fineman Krekstein Harris P.C.;
Legal Alert/Article
September 24, 2014, previously published on September 19, 2014
In Blackwell v. Allstate Insurance Company, the court found that the contractual one year period for bringing a claim under a homeowners policy barred the insureds breach of contract claim; however, the statutory bad faith claim was not barred by that contractual term, nor, on the face of the...

 


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