9/16/2008 8:32:28 AM EST Posted by Shawn RiceLexisNexis Insurance Law Center Staff NEW YORK –– On Sept. 16, the Federal Reserve Bank of New York agreed to lend $85 billion to American International Group (AIG) in exchange for an 80 percent ownership in the country's largest insurance company. The deal, which&nb ... Create an account or login to post comments. | Comments (0)
|
7/14/2008 4:06:04 PM EST Posted by Vivi GormanLexisNexis Insurance Law Center Staff
On June 10, the First Circuit U.S. Court of Appeals certified questions to the Massachusetts Supreme Judicial Court regarding allocation of environmental liabilities across multiple policies and the effect of deductibles. At issue in < ... Create an account or login to post comments. | Comments (0)
|
7/8/2008 4:01:56 PM EST Posted by Vivi GormanLexisNexis Insurance Law Center Staff
The Fifth Circuit U.S. Court of Appeals recently relied on Lamar Homes to determine whether an "occurrence" took place where an insured’s defective water chambers rendered the water heaters into which they were i ... Create an account or login to post comments. | Comments (0)
|
7/8/2008 2:48:56 PM EST Posted by Vivi GormanLexisNexis Insurance Law Center Staff
Recently, the Georgia Court of Appeals ruled that a CGL policy does not provide coverage in connection with an insured’s supply of contaminated bread absent allegations of bodily injur ... Create an account or login to post comments. | Comments (0)
|