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13 Apr 2010, 7:43 am
On March 11, 2010, the Court of Appeals for the Sixth Circuit affirmed a district court decision permitting an insured to shift the burden of primary coverage for various securities-related claims to its previous insurer by purchasing an extended reporting period (ERP) and adding an endorsement to its current primary policy making it specifically excess of the prior policy.In Abercrombie & Fitch Co. v. [read post]
13 Apr 2010, 7:43 am
On March 11, 2010, the Court of Appeals for the Sixth Circuit affirmed a district court decision permitting an insured to shift the burden of primary coverage for various securities-related claims to its previous insurer by purchasing an extended reporting period (ERP) and adding an endorsement to its current primary policy making it specifically excess of the prior policy.In Abercrombie & Fitch Co. v. [read post]
9 Jan 2014, 12:10 am by Kevin LaCroix
Bridgecorp’s receivers have sued the directors for damages in excess of NZ$340 based on allegations that the directors breached duties they owed the Bridgecorp companies and caused the companies loss. [read post]
16 Nov 2018, 11:36 am by Evan Schwartz
When an insured gets sued, the duty of the insurance company is to make sure that the policyholder does not get exposed to a judgment in excess of the policy limits that (s)he purchased. [read post]
16 Nov 2018, 11:36 am by Evan Schwartz
When an insured gets sued, the duty of the insurance company is to make sure that the policyholder does not get exposed to a judgment in excess of the policy limits that (s)he purchased. [read post]
21 Mar 2016, 7:31 pm by Francis Pileggi
” As applied to insurance contracts, the court explained that historically the implied covenant has “included a duty to settle claims within policy limits where recovery in excess of those limits is substantially likely. [read post]
9 Dec 2018, 2:44 pm by Kevin LaCroix
The fact that the excess insurer’s policy was an excess policy does not change or limit the class of Claims for which it provides coverage, it changes only the circumstances under which the excess insurer must pay for losses resulting from such claims. [read post]
29 Sep 2008, 12:08 pm
[t]he Court sees unfairness in allowing the excess insurance companies in the instant case to avoid payment on an otherwise undisputedly legitimate claim. [read post]
16 Aug 2023, 8:19 am by Mark J. Plumer and Jesse N. Vazquez
Following the breakup of large utility holding companies by trust busters in the 1930s, General Electric created Ebasco (Electric Bond and Share Company), a construction company and consultancy that, among other things, assisted newly independent utilities throughout the United States to obtain broad excess-level occurrence-based liability insurance policies. [read post]
17 Jan 2018, 10:12 am by William K. Berenson
However, any insurance we provide with a respect to a vehicle you do not own shall be excess over any other collectible insurance. [read post]
20 Dec 2010, 11:39 am
Texas has become a "honey hole" for insurance company excessive profits on the backs of Texas families. [read post]
25 Feb 2012, 10:15 am by John Day
State Volunteer Mutual Insurance Company, the professional liability insurance company owned by doctors, has once again lowered the cost of insurance paid by Tennessee doctors. [read post]
22 Feb 2024, 8:22 am by Alan Schneider
The insured was denied coverage due to the mold exclusion, and the lower court agreed with the insurance company. [read post]
22 Feb 2024, 8:22 am by Alan Schneider
The insured was denied coverage due to the mold exclusion, and the lower court agreed with the insurance company. [read post]
24 Mar 2017, 8:23 am by Paul T. Moura
LMA had two general liability insurance policies covering claims that LMA disparaged other companies: (1) a primary policy issued by Transcontinental Insurance Company (called “CNA”) with a $1 million limit, and (2) an excess policy issued by AIG with a $14 million limit. [read post]
16 Jun 2015, 4:35 am by David DePaolo
It will not be uncommon to find excess limit programs that are made up of a combination of reinsurance and ILS. [read post]
11 Apr 2023, 10:12 am by Friedman, Rodman & Frank, P.A.
Bad faith claims under Florida law are made up of two elements: (1) bad faith conduct by the insurer, which (2) causes an excess judgment to be entered against the insured. [read post]