The value of insurance should not be overlooked in estate planning.
Import laws and custom duties are not areas of the law into which I frequently (or lightly) venture, but I delve into these topics here and now because developments in these areas have served up yet another example where individual corporate officers have been held liable personally for matters that previously had been regarded exclusively as the source of corporate liability.
United States Senator Robert Menendez – the senior senator from New Jersey, today issued a letter seeking a full investigation into the fraudulent altering of reports by carrier friendly experts. Followers of our blog know that this has risen to the forefront of Superstorm Sandy flood litigation. Essentially, carriers and their experts are accused of conspiring to alter reports of engineers to deny coverage under the flood insurance policy.
Many insurance policies include exclusions that are modified by endorsement. An analysis of the specific language in both the exclusionary provision and the modifying endorsement are critical in determining whether a peril is excluded by the policy.
The U.S. District Court for the Western District of Washington recently issued an important decision confirming that insurers can be held liable for damages even in the absence of coverage.
Fires caused by candles result in $390 Million in claims for property loss or damage. It is estimated there are 165 fatalities each year from burning candles.
I am indebted to John Blancett, partner of law firm SDMA for drawing my attention to a startling decision of the US Court of Appeal for the Second Circuit: Tzvi Weiss et al. v. National Westminster Bank Plc (judgment delivered 22nd September 2014).
The Supreme Court made a big splash when it announced Friday afternoon that it would grant a certiorari in the case of King v. Burwell. So what does that mean exactly?
Wage and hour litigation has become an increasingly expensive concern for employers in recent years. Recent wage and hour class actions have concluded in settlements ranging from $11.8 million in an overtime lawsuit against HP, $5 million in an overtime lawsuit against AT&T, and up to $4.7 million in an independent contractor misclassification lawsuit against Citigroup.
Illinois Court of Appeals Decision Serves As Caution to Policyholders Seeking Coverage for Underlying Settlements
The Illinois Court of Appeals recently issued an opinion providing guidance for policyholders seeking insurance coverage under commercial liability policies for settlements to resolve class actions asserted against them.