New York’s state appellate court recently declared rental car companies are not required to provide primary insurance coverage to their rental customers. Instead, the court concluded that New York law requiring the companies...more
On December 12, the New Jersey Supreme Court ruled that there was no coverage available to an employer for its employee’s workplace personal injury lawsuit under the employer’s workers’ compensation and employer’s liability...more
Companies faced with numerous mass tort claims, such as asbestos claims, often seek bankruptcy protection. Reorganization plans may include § 524(g) channeling injunctions in which insurance assets are put into a trust to pay...more
6/7/2024
/ Anti-Fraud Provisions ,
Asbestos ,
Bankruptcy Code ,
Chapter 11 ,
Commercial Bankruptcy ,
Debtors ,
Disclosure Requirements ,
Insurance Industry ,
Oral Argument ,
Reorganizations ,
Reversal ,
SCOTUS ,
Standing ,
Truck Insurance Exchange v Kaiser Gypsum Co Inc
Key Takeaways -
Senate Bill 2-A signed in September by Florida Gov. Ron DeSantis will result in notable changes to the state’s property insurance industry, including the end of “One-Way” attorney fees for policyholder...more
Key Takeaways -
New legislation in New Jersey requires insurers to disclose policy limits in response to a written request from a New Jersey-licensed attorney.
Broader than the existing pre-suit disclosure statute...more
Key Takeaways -
Changes to property insurance and reinsurance signed into law on May 26 create the Reinsurance to Assist Policyholders program (RAP), which is backed by $2 billion and seeks to assist insurance companies...more
Key Takeaways -
New York’s Adult Survivors Act was signed into law on Tuesday, May 24, 2022.
The Adult Survivors Act establishes a one-year window that opens in six months for survivors of sexual offenses who were 18...more