LexisNexis® Legal Newsroom
Anthony Bartell and Craig Davis
McCarter and English LLP on Claims-Made-and-Reported Policies

Directors and Officers, Errors and Omissions, and similar liability insurance policies are often (almost always, in fact) written on a “claims-made” basis. This means that, in general, the policy will provide coverage if the claim against...

InsureReinsure: The Insurance-Reinsurance Blog
EU: European Insurers to Undergo Stress Tests in December

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has announced that it will run an EU-wide stress test for Europe's largest insurers during December. It is expected that large (re)insurers such as Hannover Re, Munich...

Gary Wilcox and Adam Budesheim
Tax Considerations in Forming a Captive Insurance Company: The Deductibility of Premiums

Although tax benefits may be a strong motivating factor for a corporation in forming a captive insurance company, the deductibility of premiums paid to that captive may prove an elusive benefit. The federal courts have been consistent in holding that...

Daniel E. Feinberg
Illinois Emcasco Insurance Company v. Nationwide Mutual Insurance Company

Insurers and insureds in declaratory judgment actions pending in Illinois courts often assume that their attorney/client communications and attorney work product automatically are protected from discovery in that particular action. But the unique rule...

Jeffrey W. Stempel
Federal Insurance Co. v. American Hardware Mutual Ins. Co.

In this Expert Commentary, Professor Jeffrey W. Stempel examines Federal Ins. Co. v. American Hardware Mutual Ins. Co. , 2008 Nev. LEXIS 38 (Nev. May 29, 2008). The Court held that an additional insured endorsement providing coverage for claims “arising...

HB Litigation Conferences
Reed Smith’s Timothy Law on Claims Made Policies: Part 3 of 7

In this clip, Timothy Law discusses “Myth #3: It’s a Contractual Right for an Insurer to Deny Any Claims After the Reporting Period.” Law observed five themes – or what he considers myths – in reviewing case law that is favorable...