After yesterday’s legislative session in Tallahassee, it appears the Florida House of Representatives’ final vote on House Bill 129 – commonly referred to as the “Citizens Sinkhole Repair Bill” – may take place as soon as this Friday, April 11th.
D&O Policy’s Professional Services Exclusion Does Not Preclude Law Firm’s Coverage for False Advertising Claim
Well-advised professional services firms will carry both errors and omissions insurance and management liability insurance.
Just after assuming powers as the new Russian Insurance Regulator late 2013 and completing the internal re-organisation of the insurance department in March 2013, the Russian Central Bank is contemplating the initiative of sending its supervisors (so called curators) to the Russian insurance companies.
Revenue Sharing - Investment Policy Statements. The 2012 Tussey vs. ABB Inc. decision garnered headlines and provided fodder for seminars on ERISA fiduciary liability as it was the first reported decision to tag rank and file employees with huge ERISA fiduciary liability.
On April 1, 2014, President Obama signed into law the Protecting Access to Medicare Act of 2014. The primary purpose of the law is to provide a one-year delay of a 24% reduction in payment rates for physicians who participate in the Medicare program.
Fifth Third Bancorp and the Lack of a Historical Foundation for the Existence of a "Coach Class Trustee"
This is an interesting point, to me anyway, and a point that, for me, falls in that odd space between too short for a good blog post but too long for a tweet.
Insurance relies on uncertainty most of the time, so we price premiums based on events that the actuaries say are predictable en masse instead of unpredictable on an individual basis.
Recently my cell phone was hacked and data was wiped out. For a good few weeks I found myself in a panic. I hadn’t realized that I relied so much on my cell phone.
As a result of heightened regulatory scrutiny and changing enforcement priorities around the world, “cartel enforcement is a hot topic in boardroom,” according to a March 29, 2014 Economist magazine article entitled “Just One More Fix” (here).
D&;O – No Coverage Based Upon Consent and No Action Clauses in Policy After Insured Settles for Amount Greater Than Insurer’s Consent at Mediation
These two clauses do not often come into issue in coverage litigation, but a Georgia federal court had little trouble in enforcing them to preclude coverage for a $4.9M settlement and a claim for coverage under an excess D&O policy. Piedmont Office Realty Trust, Inc. v. XL Specialty Ins. Co., 2014 U.S. Dist. LEXIS 42575 (N.D. Ga. March 28, 2014).