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Insurance Coverage & Recovery
Policyholder Alert - Obtaining Full Coverage For Your Hurricane Sandy Insurance Claim: Eight Basic Tips
As businesses assess the damage and try to recover from the massive disruptions caused by Hurricane Sandy, many are already thinking about how their insurance contracts respond. Savvy policyholders are already taking action to make sure that they obtain a full recovery under their property and...
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Policy Issues Alert: Federal Court In California Requires Travelers To Cover Employee Reimbursement Claims Under EPLI Policy
September 4, 2012 - A federal district court judge in California has ruled that Travelers Casualty and Surety Co. must cover employee reimbursement claims under its employment practices liability insurance (EPLI) policy as covered “Loss.” Classic Distributing and Beverage Group...
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Policy Issues Alert: California Supreme Court Rules That Insurance Companies Have To Pay "All Sums" And Stack All Years Of Coverage In A Landmark Win For The State of California, Policyholders, And The Environment
August 9, 2012 - The California Supreme Court released its decision on August 9, 2012, in State of California v. Continental Insurance Company et al., an insurance coverage dispute concerning the massive environmental cleanup of the Stringfellow Waste Site. The decision...
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Policy Issues Alert: U.S. Sixth Circuit Orders AIG Subsidiary To Cover Retailer's Computer Hacking Claim, Rejecting "Direct Loss" Defense
September 19, 2012 - The United States Court of Appeals for the Sixth Circuit has upheld a trial court judgment, and an AIG subsidiary has been required to pay over $7 million for a computer hacking insurance claim. The Sixth Circuit rejected AIG's denial of insurance coverage for the losses...
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Welcome To The Land Of Liability: An Insurance Recovery Primer For Non-U.S. Businesses With U.S. Operations
The tort and liability insurance system in the United States often makes non-U.S. business owners feel like strangers in a strange land. It can leave them at a loss for words or uttering words that we cannot print in this publication. Non-U.S. corporations that have U.S. operations through...
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Libor-Related Insurance Claims Provide A Roadmap To The Issues Faced By Policyholders In Large Exposure D&O Claims
On June 27, Barclays Plc agreed to pay $448 million in fines to UK regulators over allegations that it improperly manipulated Libor and Euribor, the London interbank offered interest rate and Euro interbank interest rate applicable to loans made between banks and large corporations. Recent...
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Keeping Cause-Related Marketing In The Winner’s Circle
In 1983, American Express launched an innovative partnership with the Statue of Liberty restoration project, donating one cent to the project every time a customer used an American Express card. That highly successful program kick-started “cause-related marketing,” which has seemingly...
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