Insights on Insurance & Reinsurance

Arent Fox LLP is pleased to announce the election of its new partners and counsel, effective January 1, 2016.

Purchasers and restructurers of California companies can rest a little easier after last Thursday’s landmark ruling by the California Supreme Court.

The United States District Court in Nevada issued an Order on June 1, 2015 dismissing the complaint filed by alleged victims of a data security breach suffered by Amazon.com d/b/a Zappos.com (Zappos).

Recently reported data breaches and security gaffes have sent many companies scrambling to secure their data against security breaches and to obtain adequate insurance coverage in the event that such a breach occurs.

There are significant issues for a lender whose loans are secured by life insurance to consider. Principally, these issues relate to ensuring that the lender has properly established a first priority security interest in the collateral.

Late last week, eight days after the Terrorism Risk Insurance Act (TRIA) expired, the US House of Representatives and the US Senate overwhelmingly approved H.R. 26, legislation reauthorizing TRIA until the end of 2020.