If admitted carriers become insolvent, guaranty funds typically cover losses. But hard-to-place risks, which require the broker to access the surplus lines market, can present a virtual minefield.
The New York Court of Appeals grants reargument in less than 1% of cases and reverses itself even more rarely. On Feb. 18, 2014, the Court of Appeals did just that.
The New York Court of Appeals grants reargument in less than 1% of cases and reverses itself even more rarely. On Feb. 18, 2014, the Court of Appeals did just that.
If the New York Court of Appeals upholds its recent coverage by estoppel decision on reargument tomorrow, then it may change how claims professionals handle duty-to-defend matters in the state.
Nationwide Insurance won strong support for the anti-concurrent-causation language in its Mississippi homeowners' policies when a federal appeals court in New Orleans ruled the wording "is not