Directors and Officers, Errors and Omissions, and similar liability insurance policies are often (almost always, in fact) written on a “claims-made” basi ...

This chapter begins with a description of the key functions insurance intermediaries perform and an explanation of why those functions are of vital importance to lawyers whose practice include ...

Analyzing insurance policies and preparing coverage opinions are among the most common and important tasks in insurance law practice. Attend this 20-minute Webinar and learn new arguments you can make to strengthen your ...

While many financial institutions have not been able to survive the recent national and global economic turmoil, the insurance industry appears to be weatheri ...

This is a time of unprecedented turmoil in the financial markets. The failure of Lehman Brothers and the federal bailout of AIG and other major financial institutions has led pol ...

Brew some coffee. Stock up on the junk food. Forget about sleep.

If you run a search for “reasonable expectations” in an insurance database, it will return thousands of cases that use that phrase. But does the use of that phrase reflect a robust ...

Due to its central role in United States society (see Section 11.01), it is settled public policy that insurance is a heavily regulated industry. However, what constitutes efficient and effect ...

The following chapter discusses the philosophy and methodology behind the regulation of insurer solvency. It begins in Section 14.01[1] with a brief review of the field of solvency regula ...

This chapter begins with a description of the issues prevalent in the initial formation of an insurance company, from the perspective of the organizers and the state insurance regulators.  ...

This chapter explores the law relating to the government regulation of insurance intermediaries.   Insurance intermediaries are individuals or entities that in various capacities rep ...

Premiums collected by insurance companies have been subject to state taxation in the United States since at least the mid-Nineteenth Century (see Section 12.01[1]). An insurance premium t ...

Virtually from its inception in the United States the business of insurance has been regulated in some fashion by the government. This chapter discusses the ways in which that regulation ...

This chapter begins with a discussion of the history and purpose of policy form regulation and notes that dramatic differences among the states in size, geography, industry, politics and finan ...

A functional insurance market has become commensurate with the health, safety, and welfare of modern society. Insurance products fulfill the need for financial security of most Americans ...