Larry P. Schiffer | Squire Patton Boggs In the past 10 years or so, several ceding companies began adding run-off reinsurer clauses to their reinsurance contracts to mitigate disputes that might arise with reinsurers no longer actively in business. In a recent case, a Georgia federal court had to address whether it or an arbitration… Continue reading Who Decides Whether A Reinsurer Is A Run-Off Reinsurer?
Category: Insurance
Coronavirus: Factors for the Insurance Industry to Consider − Part 3 Liability and Workers’ Compensation Insurance
Paul S. White | Wilson Elser Given the risk to life and the economic impact of coronavirus, policyholders and the insurance industry alike are watching and considering whether business interruption, event cancellation, or liability and workers’ compensation insurance benefits may be available while similarly assessing liability risks. This three-part series will cover specific aspects of insurance… Continue reading Coronavirus: Factors for the Insurance Industry to Consider − Part 3 Liability and Workers’ Compensation Insurance
Coronavirus: Factors for the Insurance Industry to Consider − Part 2 Event Cancellation and Contingency Nonappearance Insurance
Mathew P. Ross | Wilson Elser Given the risk to life and the economic impact of coronavirus, policyholders and the insurance industry alike are watching and considering whether business interruption or event cancellation insurance benefits may be available while similarly assessing liability risks. This three-part series will cover specific aspects of insurance that all stakeholders –… Continue reading Coronavirus: Factors for the Insurance Industry to Consider − Part 2 Event Cancellation and Contingency Nonappearance Insurance
Coronavirus: Factors for the Insurance Industry to Consider − Part 1 Business Interruption
Paul S. White | Wilson Elser Coronavirus, recently named “COVID-19” by the World Health Organization, presents like a Hollywood disaster movie: It appears to be a mutated virus There is no available vaccination More than 50 million people in China have been quarantined, more than 60,000 people are infected and more than 1,700 people are… Continue reading Coronavirus: Factors for the Insurance Industry to Consider − Part 1 Business Interruption
The Legal Framework for Insurance Disputes in USA
Summer Craig and Susannah S. Geltman | Simpson Thacher & Bartlett All questions The legal framework i Sources of insurance law and regulation The regulation of insurance in the US is primarily performed by the states. In 1945, the US Congress passed the McCarran-Ferguson Act, which provides that ‘No Act of Congress shall be construed to… Continue reading The Legal Framework for Insurance Disputes in USA