New York Court of Appeals Holds That Disgorgement Payment Under SEC Settlement Not Excluded As A Penalty Imposed By Law-
The Securities and Exchange Commission (SEC) alleged that Bear Stearns facilitated late trading and...more
12/29/2021
/ Bodily Injury ,
Commercial Leases ,
Default ,
Disgorgement ,
Homeowners ,
Insurance Industry ,
Landlords ,
Mortgages ,
New York ,
Securities and Exchange Commission (SEC) ,
Tenants ,
Wrongful Acts
The insured was sued in an underlying action seeking damages and injunctive relief for alleged trademark infringement. The insured tendered the action to its CGL insurer which disclaimed. The insured settled the underlying...more
ADDITIONAL AND NAMED INSUREDS/PRIORITY-
Court Rules “C/O” Company In Contract Not An Additional Insured-
A construction worker sued Blue Woods Management Group, Inc. alleging that he was injured while working...
...more
1/29/2021
/ Asbestos ,
Assault ,
Auto Insurance ,
Bodily Injury ,
Declaratory Judgments ,
Default Judgment ,
Denial of Insurance Coverage ,
Duty to Defend ,
Estoppel ,
General Contractors ,
Homeowners ,
Hostile Environment ,
Independent Contractors ,
Insurance Industry ,
New York ,
Proof of Loss ,
Property Owners ,
Public Housing Authorities ,
State Farm ,
Uninsured and Under-Insured Motorists
New York Court Reaffirms That Contractor’s Defective Work Is Not A Covered “Occurrence” Anthony and Sandra Tamer hired RD Rice Construction (“Rice”) as a general contractor to gut and rebuild their combined residential...more
7/30/2020
/ Business Property ,
Deadlines ,
Denial of Insurance Coverage ,
General Contractors ,
Liability Insurance ,
New York ,
Occurrence ,
Personal Property ,
Policy Exclusions ,
Proof of Loss ,
Property Damage ,
Public Adjusters ,
State and Local Government ,
Subcontractors ,
Water Damage
United States District Court Orders Insured To Produce Certain Pre-Litigation Documents But Not Others Deemed Work Product 99 Wall sued Allied World seeking coverage under a property policy for water losses at 99 Wall’s...more
6/30/2020
/ American Rule ,
Attorney's Fees ,
Breach of Duty ,
Commercial Bankruptcy ,
Corporate Officers ,
Debtor-Creditor ,
Declaratory Judgments ,
Directors ,
Duty to Defend ,
Fiduciary Duty ,
Insurance Litigation ,
Insureds ,
Liability Insurance ,
New York ,
State and Local Government ,
Successor Interests ,
Trusts ,
Unsecured Debt ,
Work-Product Doctrine