Insights on Insurance & Reinsurance
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As businesses are forced to close, travel is restricted, and supply chains are disrupted, it is a certainty that the COVID-19 virus will engender a plethora of insurance claims affecting all lines of coverage, particularly property and general liability coverages.
Many companies that have suffered business income disruptions and losses as a result of the coronavirus are asking their insurance brokers if there is coverage for such losses under the business interruption or contingent business interruption provisions of their all-risk insurance policies.
Companies across the country are canceling meetings and events over travel concerns because of the coronavirus.
A federal trial court judge in Delaware has awarded return of all premiums collected by the insurer, plus prejudgment interest on all premiums, to the owner of a life insurance policy after a jury verdict upholding the investor’s claim for promissory estoppel against the insurer.
Schiff Hardin LLP announced today that Thomas M. Zurek has joined the firm as of counsel in its Insurance and Reinsurance and Litigation and Dispute Resolution Practice Groups in Chicago.
Insurance & Reinsurance Partner Jule Rousseau has been elected as Secretary of The European Life Settlement Association (ELSA) for 2019/2020.
While you were busy chipping away the snow and ice from the latest winter storm, the New York legislature proposed legislation that may chip away at an anti-rebating law that has hindered many insurtechs.
Schiff Hardin announced today that the firm has received 40 top-tier rankings and national recognition for its premier practices in the 2019 edition of U.S. News – Best Lawyers® “Best Law Firms.”
New York partner Elliott Kroll will be speaking at an event for the American Land Title Association.
The US Court of Appeals for the Second Circuit just issued a 32-page decision affirming the district court’s conflict of laws ruling, in favor of an Arent Fox LLP client, that New York law, rather than New Jersey law, applied to an insurable interest dispute between AEI Life LLC and Lincoln Benefit
New York partner Jule Rousseau was recently quoted in a Law360 article regarding a ruling in the AEI Life LLC v. Lincoln Benefit Life Company case.
South Carolina has become the first state to enact an insurance data security act based on the Insurance Data Security Model Law drafted by the National Association of Insurance Commissioners, which is based on New York’s Cybersecurity Regulations (23 N.Y.C.R.R. Part 500).
On May 24th, New York partner Jule Rousseau will be speaking at the European Life Settlement Association Spring Symposium.
Schiff Hardin is pleased to announce that four practice areas and 22 attorneys have been recognized in the 2018 edition of Chambers USA, a leading legal industry ranking.
On March 27, 2018, the New Your Court of Appeals issued an opinion rejecting the “unavailability exception” to the general rule that a policyholder is self-insured and on the risk for periods of time when insurance coverage was not obtained.
The Second Circuit recently issued a decision with important implications for companies dealing in or handling biometric data.
New York attorney Eric Biderman recently spoke with The Deal about an article regarding Florida’s new settlement law. While the new law has been praised by the market’s largest trade group as a victory for consumers, many believe that it may actually be hurting the market.
A recent decision from the Ninth Circuit Court of Appeals reaffirms that policyholders have leverage to convince excess insurance carriers that they should contribute towards potentially covered settlements.
On September 22, 2016, the Supreme Court of Florida held that Florida law bars challenges to the validity of life insurance policies based on a lack of insurable interest once Florida’s two-year contestability period has expired.
In St. Paul Mercury Insurance Company v. Tessera, Inc., the federal court held that a lawsuit against an insured alleging a breach of a license agreement did not constitute a violation of an intellectual property right.
Data breaches continue to complicate the interpretation and understanding of commercial insurance policies. But even as courts confront thorny questions presented by cyber security policies, they continue to rely on long-standing principles of insurance and contract law.
Arent Fox LLP secured a victory for Fortress Re Inc. — formerly one of the largest aviation reinsurance agencies in the market — after a New York district court dismissed a breach of contract claim in late March.
Earlier this month, Arent Fox counsel James Westerlind published an article with Mealey’s Emerging Insurance Disputes that details how cybersecurity risks are impacting insurance policies.
Arent Fox LLP represented Clear Blue Financial Holdings LLC in its launch of two fully-licensed fronting carriers, which will begin servicing clients immediately.