Insurance – May 24, 2012

by Orrick, Herrington & Sutcliffe LLP on 5/22/2012

On May 11, 2012, Assured Guaranty filed suit in the United States District Court for the Southern District of New York against several GMAC entities alleging that the defendants induced Assured to issue financial guaranty...more

by Katten Muchin Rosenman LLP on 5/14/2012

In this issue: - SEC Reopens Comment Period for Proposed Amendments to Broker-Dealer Financial Responsibility and Related Rules - NASDAQ Proposes to Institute an Excess Order Fee - Second Amendment to Effective...more

by Orrick, Herrington & Sutcliffe LLP on 3/30/2012

On March 27, 2012, Judge Deborah A. Batts of the Southern District of New York denied Allstate Insurance Co.’s motion to remand its lawsuit against JPMorgan Chase Bank NA to state court. The lawsuit arises out of alleged...more

by Kirton McConkie PC on 3/7/2012

Originally published in InsideCounsel on March 7, 2012. Directors and Officers (D&O) insurance offers vital protection to a company and to its directors and officers against financial claims and liabilities. D&O...more

by David Lloyd on 3/1/2012

More emerging market fund managers are seeking the services of offshore non-executive directors. David Charles Lloyd of Walkers Management Services explains some of the intricacies around their function....more

by Sedgwick LLP on 2/2/2012

New York's Appellate Division, First Department    In J.P. Morgan Securities, Inc. v. Vigilant Ins. Co., ___ N.Y.S.2d ___, 2011 WL 6155586 (N.Y. App. Div. Dec. 13, 2011), New York's Appellate...more

by Sutherland Asbill & Brennan LLP on 12/23/2011

On December 5, the Insurance, Housing and Community Opportunity Subcommittee of the House Committee on Financial Services approved H.R. 3559. 3559 addresses a sensitive issue regarding the proposed power of the Federal...more

by Shane de Burca on 9/5/2011

Catastrophe bonds (“Cat Bonds”) are a form of insurance-linked security used to finance peak, non-recurrent insurance risks, such as hurricanes, tropical storms and earthquakes. Cat Bonds are the most common form of...more