Arbitration Limitation: Ninth Circuit Holds That a Bankruptcy Court May Refuse to Enforce an Arbitration Clause by Mintz Levin - Bankruptcy, Restructuring &... on 5/22/2012 Clients often raise questions concerning the enforceability of arbitration clauses in bankruptcy proceedings. While this topic has been hotly debated for many years, a recent Ninth Circuit opinion, In re Thorpe Insulation...more
Do You Have Coverage for Product Contamination Under Your Property Policy? by Lowenstein Sandler PC on 5/22/2012 The decision in PBM Nutritionals v. Lexington Insurance Company, No. 110669 (Va. Cir. Ct., April 20, 2012), highlights the hurdles a company must overcome when trying to obtain insurance coverage for a first-party loss...more
Second Circuit Affirms Duty to Defend Under Professional Liability Policy by Traub Lieberman Straus & Shrewsberry LLP on 5/22/2012 In its recent decision in Westport Ins. Corp. v. Hamilton Wharton Group, Inc., 2012 U.S. App. LEXIS 9888 (2d Cir. May 17, 2012), the United States Court of Appeals for the Second Circuit had occasion to consider whether a...more
Reinsurance Redux - May 2012 by Saul Ewing LLP on 5/18/2012 In This Issue: - Reinsurer’s Obligation to Provide Coverage to Reinsured Not Contingent Upon Exhaustion of Limits of Primary Policy In granting an insurer’s motion for judgment on the pleadings, the United States...more
'Looney' Copyright Claim Covered: Fifth Circuit Holds Breach of Contract Exclusion Doesn't Bar Liability Insurance Coverage by Sedgwick LLP on 5/16/2012 When Looney Ricks Kiss Architects, Inc. (Looney) created an architectural design known as the Island Park Apartments in 1996, it probably wasn't thinking of insurance coverage law. But, it appears likely that Looney's...more
State Claims Related to Renewal of FEMA "Write Your Own" Floor Insurance Programs are Federally Preempted by Katten Muchin Rosenman LLP on 5/15/2012 The U.S. Court of Appeals for the Fifth Circuit last week held that any state claim related to the Federal Emergency Management Agency’s (FEMA) “Write Your Own” (WYO) flood insurance program is preempted by federal law if it...more
Do Your Vendors Have the Right Insurance to Pay for the Damages They May Cause to Your Business? by Pierce Atwood LLP on 5/14/2012 When you enter into a contract with a vendor, you generally impose insurance requirements on the vendor and an indemnification obligation. But consider whether your current contracts have insurance requirements that would...more
Overlapping Auto Coverage In The New Age by Field Law on 5/14/2012 The Alberta government, in its wisdom (or lack thereof) has recently changed the rules for situations of overlapping auto coverage. In this paper, I will summarize the changes with a particular focus on non-owned auto...more
IP Liability Insurance: Do You Have the Protection You Think You Have? by Downs Rachlin Martin PLLC on 5/9/2012 Given the risks and costs of intellectual property (IP) infringement claims (even when your company isn’t found liable), most companies ideally want coverage of perceived infringement of the products they sell or the services...more
Unambiguous Policy Language Precludes Coverage for More Than $15 Million in Losses Due to Madoff’s Ponzi Scheme by Sedgwick LLP on 5/8/2012 In Bleznak Black, LLC v. Allied World Nat’l Assurance Co., No. A-6107-09T2, 2012 N.J. Super. Unpub. LEXIS 879 (N.J. Super. Ct. App. Div. Apr. 20, 2012), the Superior Court of New Jersey, Appellate Division, affirmed the trial...more
South Carolina Court Awards Insured Declaratory Judgment Fees Through Appeal by Traub Lieberman Straus & Shrewsberry LLP on 5/8/2012 In a matter involving an issue of first impression under South Carolina law, the United States District Court for the District of South Carolina, in its recent decision in Jessco, Inc. v. Builders Mutual Insurance Co., 2012...more
Paying insurance on a vehicle though you no longer have a valid driver’s license. by Howard Ankin on 5/7/2012 Imagine that your elderly parent is still keeping her prized mint condition 1973 Buick Riviera in the garage. Unbeknownst to you she has also continued to pay the insurance on the vehicle though she no longer has a valid...more
Sunshine Act Implementation Delayed Until 2013 by Mintz Levin - Health Law on 5/7/2012 With little fanfare, the Centers for Medicare & Medicaid Services (CMS) announced today on the CMS Blog that it is delaying data collection under the Sunshine Act until 2013. Pharmaceutical and medical device manufacturers...more
Inapplicability of the Personal Property Security Act (Ontario) to Insurance by Osler, Hoskin & Harcourt LLP on 5/2/2012 We recently represented a US bank in Ontario on a secured refinancing for a Canadian borrower. The Canadian borrower owns a number of Canadian and US subsidiaries (the Canadian borrower and its subsidiaries, the “Loan...more
OIG Advisory Opinion 12-05 Approves Consumer Rewards Program by Mintz Levin - Health Law on 5/2/2012 In OIG Advisory Opinion 12-05, the OIG found that a consumer rewards program (the “Program”) offered by a supermarket chain with in-store and independent pharmacies (the “Requestor”) would not be subject to enforcement under...more