In Allstate Ins. Co. v. LG Elecs. USA, Inc., No. 19-3529, 2021 U.S. Dist. LEXIS 127014, the United States District Court for the Eastern District of Pennsylvania considered whether plaintiff’s expert engineer’s opinion that there were two possible causes of a fire—both related to alleged product defects within a refrigerator manufactured by the defendant—was sufficient
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Employers are impacted in many ways by the COVID-19 pandemic, not the least of which are employee health and safety. For the last several months, employers have used mostly soft-sell approaches to encourage their employees to get vaccinated. With the FDA’s approval, employers are showing a willingness to move beyond incentives like gift cards. One
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The United States District Court for the Northern District of California, applying California law, has held that the claims made against an insured law firm and its attorneys arising out of their representation of three brothers in multiple lawsuits, arose out of or were attributable to the same or related acts, and thus constituted a
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Earlier today the NAIC Restructuring Mechanisms (E) Working Group of the Financial Condition (E) ‎Committee issued its draft NAIC White Paper on insurance company restructurings, namely ‎Insurance Business Transfers (IBT) and Corporate Divisions. Comments may be submitted by ‎November 22.‎ This White Paper is long-awaited and serves as the first step in the NAIC’s study of
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AXA XL’s Crisis Management and Specialty Risk business has announced the appointment of Francisco Arias as senior underwriter for war, terrorism and political violence. Arias will be based in Atlanta and will report to Morgan Shrubb, AXA XL head of terrorism in the US. Arias began his insurance career as a graduate trainee at Aspen
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EXOR has restarted negotiations with French mutual insurer Covéa over the possible sale of its reinsurance arm PartnerRe after the deal fell apart last year due to the pandemic. Discussions between EXOR, the Amsterdam-headquartered holding company whose portfolio includes Ferrari and Fiat Chrysler Automobiles, and Covéa were said to have resumed in recent weeks, according
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EXOR has restarted negotiations with French mutual insurer Covéa over the possible sale of its reinsurance arm PartnerRe after the deal fell apart last year due to the pandemic. Discussions between EXOR, the Amsterdam-headquartered holding company whose portfolio includes Ferrari and Fiat Chrysler Automobiles, and Covéa were said to have resumed in recent weeks, according
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