insurance law News

When Florida Insurers Go Bust, it Means Changes in North Carolina Insurance Law

Insurance department omnibus bills in state legislatures are often seen as housekeeping or budget items that may revise regulatory language, fund insurance department positions or clean up the wording of previous laws. But in North Carolina this year, supporters of …

Viewpoint: Hurricane Ian, Anti-Concurrent Loss Language, and Ambiguities

On September 28, 2022, the nearly Category 5 Hurricane Ian made landfall in southwest Florida with maximum sustained winds clocked at approximately 150 MPH. Reports out of Lee County, Florida have been particularly devasting, with images of communities wiped out …

Tri-State Consumer Insurance Company to Pay $500K for Compliance Failures

Tri-State Consumer Insurance Company will pay a $500,000 penalty to New York state for multiple violations of New York law. A New York State Department of Financial Services (DFS) investigation uncovered that Tri-State failed to timely comply with New York …

California-based Law Firm Representing Insurers Takes ‘Solution-Oriented’ Approach

It’s no coincidence that the word “solutions” is included in the name of a new law firm representing insurers that recently launched in California. Woods Group Solutions, headquartered in Sonoma, Calif., began operations on Jan. 1 with a focus on …

California-based Insurance Law Firm Sedgwick Closing Offices

Sedgwick LLP, a San Francisco, Calif.-based law firm that represented numerous insurance clients, is closing. The news of the closure came in the form of a letter sent out to employees this week making it known that Sedgwick will be …

Perry to Chair State Bar of Texas’ Insurance Law Section

Meloney Perry, founder of the Dallas-based insurance defense law firm Perry Law P.C., has been elected as the 2017-18 chair of the Insurance Law Section of the State Bar of Texas. The state bar’s Insurance Law Section enables attorneys to …

Insurance, Corporate Law Intersect in Louisiana Agent Liability, UM Cases

Nothing is more exciting than reading the latest updates on insurance law, unless, of course, you can get updates on corporate law at the same time. Fortunately, there are two recent Louisiana cases where the outcome of insurance law issues …

Anderson Kill & Olick Opens Vermont Office to Represent Captive Insurance Firms

Anderson Kill & Olick, P.C., a corporate law firm known primarily for representing policyholders in insurance coverage disputes, announced the opening of a new office in Burlington, Vermont.

Commentary: Lessons From Recent Decisions on Bad Faith Litigation

A rising tide of first-party bad faith decisions is defining the contours of the bad faith cause of action. Recently, three courts have found first-party insurance companies liable for bad faith claims handling. However, there are also two recent bad …