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Introduction and General Principles of Reinsurance Law – New Appleman on Insurance Law Library Edition, Chapter 71

By Daniel W. Gerber, Jeffrey L. Kingsley and Fallyn B. Reichert, Attorneys, Goldberg Segalla LLP Chapter 71 provides a thorough introduction to reinsurance and its commercial purposes; the operation of reinsurance contracts; and certain fundamental legal concepts. Section 71.01 begins by discussing...

The Reinsurance Contract – New Appleman on Insurance Law Library Edition, Chapter 72

By Keith A. Dotseth, Michael J. Steinlage, David C. Linder and Melissa M. Weldon, Partners, Larson • King, LLP Chapter 72 discusses basic principles related to the formation and terms of reinsurance contracts. The chapter begins by considering the manner in which reinsurance contracts are formed...

Keller and Heckman LLP – Product Contamination Insurance: South Dakota District Court Finds Ambiguity in Policy's "May Likely" Language

Hot Stuff Foods v. Houston Casualty Co., 2012 U.S. Dist. LEXIS 92900 (D.S.D. July 5, 2012) , a recent decision out of federal court in South Dakota, highlights the importance of the "trigger" language in these types of product recall policies. At issue in the case was how to interpret the policy's...

Lloyd’s and the London Market – New Appleman on Insurance Law Library Edition, Chapter 79

By James Crabtree, Anthony Menzies, Jonathan Rogers, and Susannah Wakefield, Partners, Taylor Wessing This chapter begins in Section 79.01 with a discussion of the history and structure of the Lloyd's Market. A clear understanding of the Lloyd's (and wider London) Market, as it operates today...

Keller and Heckman LLP – California Federal District Court Opinion Clarifies Scope of Coverage of Product Contamination Insurance Policies

In Ruiz Food Products Inc. v. Catlin Underwriting U.S. Inc. , No. 11-889, 2012 U.S. Dist. LEXIS 131031 (E.D. Cal, Sept. 13, 2012.) , the U.S. District Court for the Eastern District of California opined that Product Contamination Insurance (PCI) policies do not limit coverage to manufacturing occurring...