Insurance
This is FindLaw’s collection of Insurance articles, part of the Corporate Governance section of the Corporate Counsel Center. Click on the articles below to learn about defense perspectives in bad faith claims and steps to take if you are the victim of an auto accident. Every year thousands of automobile accidents cause severe personal injuries and/or property damage. By acting promptly and responsibly, you can protect yourself and your family against lost wages and overwhelming medical bills. Law articles in this archive are predominantly written by lawyers for a professional audience seeking business solutions to legal issues. Start your free research with FindLaw.
Corporate Governance
Insurance Articles
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New Jersey’s Appellate Division Rejects Proration of Insurance Policy Deductibles
In Benjamin Moore & Co. v. Aetna Cas. & Sur. Co., No. A-4423-01T2F (App. Div. Jan. 14, 2002), the New Jersey Appellate Division issued a decision with adverse consequences to policyholders seeking coverage for delayed manifestation, long-tail claims ...
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New Jersey Supreme Court Holds that Non-Cumulation Clauses Cannot Apply to the Allocation of Long-Tail Claims
In Spaulding Composites Co., Inc. v. Aetna Cas. & Sur. Co., Docket No. A-88-01 (N.J. April 10, 2003), a policyholder sought coverage for environmental defense and remediation costs under its comprehensive general liability insurance policies. The ...
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New Law Gives Homeowners the Right to Cancel Private Mortgage Insurance
President Clinton has signed into law a bill that, starting next year, will result in considerable savings for many consumers who buy a home with a low down payment but later build up substantial equity in the property. In general, the new law will ...
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New Rules Regarding Coverage Changes Under Cafeteria Plans
The Internal Revenue Service recently issued temporary and proposed regulations ("new IRS regulations") to clarify when an employee who participates in a cafeteria plan may change coverage elections during a plan year. Previously, an employee who ...
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New York Federal Judge Holds Multiple Deductibles Applies to Pollution Spills
The New York Courts continue to litigate the issue of single versus multiple occurrences in pollution coverage cases. In a recent case, the Southern District of New York essentially reaffirmed the Second Circuit's decision in Stonewall Insurance ...
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New York’s Highest Court Will Examine The State’s Late Notice Rules
New York stands virtually alone in allowing insurers to deny coverage based upon late notice without demonstrating appreciable prejudice from the delay. The Second Circuit, however, recently certified a question to New York's Court of Appeals, which ...
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Ninth Circuit: Insurers’ Knowledge That Brokers Issue Standard Form Certificates of Insurance May Clothe Broker With Ostensible Authority To Add Additional Insureds To Policies
(9th Cir. June 30, 1999) The Court of Appeals for the Ninth Circuit has held that an independent broker may have ostensible authority to extend additional-insured coverage on behalf of a carrier even though it had no actual binding authority and ...
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No Bootstrapping Permitted
In Este Oils Co. v. Federated Ins. Co., No. C-980048, Slip Op. (Ohio Ct. App. Feb. 9, 1999), the Ohio Court of Appeals reaffirmed a fundamental principle of insurance policy analysis that insureds sometimes forget: coverage is not created by the ...
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Now They’re Liable_Now They’re Not; NRG Victory Re’s Victory
On August 1, 1997, a commercial court judge in London ruled in Commercial Union Assurance Co., et al. v. NRG Victory Reinsurance Limited, 1996 Folio No. 1350, and Skandia International Insurance Corp. v. NRG Victory Reinsurance Limited, 1997 Folio ...
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Once Again, South Carolina Breaks New Ground On Hotly Debated Nexus Issues
Nexus continues to demand a disproportionate amount of attention at state tax conferences, in state tax publications, and in state tax planning by companies. There is good reason for this. Notwithstanding the United States Supreme Court's landmark ...
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