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As CEO of a company whose raison d’être is helping firms make better decisions, Greg Case has wide-ranging knowledge and a nuanced perspective on resilience and its importance in volatile times.
The following day, Noble House advised Underwriters at Lloyd’s, its insurer, of the casualty, whose policy allegedly covered the claim. Noble House purchased the policy from Underwriters by way of a Texas-based insurance broker in February 2018. This is the analysis the Court applied in the instant case of Noble House LLC v.
TIG Insurance Co., the Supreme Court of Texas recently concluded it was not reasonable for a party to believe it was an additional insured under another party’s commercial general liability policy, based only on a certificate of insurance provided by the other party’s insurance broker.
The Eastern District of Louisiana recently held that insurance claims for damage to a Gulf of Mexico production facility will not support federal court jurisdiction under the Outer Continental Shelf Lands Act. Accordingly, the district court remanded the case of LLOG Exploration Co. 1349(B)(1). 1349(B)(1).
In a much-anticipated decision, the United States Supreme Court held that choice-of-law provisions in marine insurance contracts are presumptively enforceable under federal maritime law with a few narrow exceptions. In Great Lakes Insurance SE v. Great Lakes Insurance (“Great Lakes”) and Raiders Retreat Realty Co. LLC , 601 U.S.
Ironshore Specialty Insurance Co. On June 10, 2015, the Fifth Circuit further addressed this area of contract and insurance interplay with its decision in Ironshore Specialty Insurance Co. Below are key excerpts from the opinion: Because Basic was “obliged by a written ‘Insured Contract’. Aspen Underwriting Ltd.
To scale impact in the agentic era, organizations must reset their AI transformation approaches from scattered initiatives to strategic programs; from use cases to business processes; from siloed AI teams to cross-functional transformation squads; and from experimentation to industrialized, scalable delivery.
In a decision issued today, the Louisiana Third Circuit Court of Appeal issued the first appellate court opinion addressing the procedure for approval of settlements in cases governed by Act 312 (La. Having no objection to settlement in this case, the trial court correctly approved the settlement. Riceland Petroleum Corp.,
There will be a huge shift of assets to younger generations and surviving spouses in many cases, women. Life Insurance Company. Life Insurance Company, Springfield, MA 01111-0001, is non-admitted in New York and is a subsidiary of MassMutual, Springfield, MA 01111-0001. appeared first on SmartBrief.
Being familiar with your lease agreement is the key to understanding the extent of your rights and responsibilities, especially as they pertain to repair obligations, obligations regarding the payment or reimbursement of insurance deductibles, insurance recovery, and rights to termination and reduction (abatement) of rent.
5/8/19), the Court held the collateral source rule inapplicable to medical expenses charged above the amount actually paid by a workers’ compensation insurer pursuant to the workers’ compensation medical fee schedule. Cornerstone Investments, LLC, et al. 2018-CC-0735 (La.
The Texas Business Courts will potentially impact a wide range of cases, from high-value contract disputes to intricate corporate governance issues. What potential pros and cons may arise from submitting a case to the new Business Courts? How might existing agreements and future contracts be affected by this new forum?
As these facilities struggle financially and, in some cases, close their doors, telehealth has emerged as a viable solution keeping rural communities connected to medical professionals, improving patient outcomes and easing the strain on overburdened health care staff.
We hold that the exclusive remedy defense for qualifying general contractors is, likewise, available to premises owners who meet the Act’s definition of “general contractor,” and who also provide workers’ compensation insurance to lower-tier subcontractors’ employees. The court’s holding, however, did not change.
One of the biggest barriers to increased adoption of AI in the industry has been a lack of case studies. At first, the goal was to simply maintain a reliable visual record, mostly for quality control and insurance purposes, but Hensel Phelps quickly saw the potential to extract much more.
4 However, only ships carrying more than 2,000 tons of oil are required to carry insurance for oil pollution. Similar to OPA 90, vessels required to carry insurance must carry enough to cover their potential liability for an oil spill. 2 Single hulled tankers are not allowed to operate in the U.S.
In that case, these shorter-term programs dont qualify for federal financial aid at many colleges. Insurance companies, financial services, consulting firms and Amazon are all starting apprenticeship programs to fish upstream for the best talent.
The distributor argued that the inclusion of its request for injunctive relief brought the case under the carve-out in the arbitration provision. This is now the second time this case has been before the Supreme Court on issues of arbitrability. It also rejected the “wholly groundless” exception altogether. 3d 1010 (2d Cir.
Maintaining that the plaintiff qualified as a seaman under controlling Fifth Circuit precedent but questioning that precedent in light of Supreme Court case law, the panel urged the Fifth Circuit to review the case en banc. Both plaintiffs were seaman under the nature test, and the panel could not distinguish Sanchez’s case.
XTO”), Alliance Drilling Consultants, LLC (“Alliance”), Clifton Pritchard, and Alliance’s insurer, James River Insurance Company (“James River”), for damages resulting from the loss of D&D’s drilling rig. (“D&D”) filed suit in the Seventh Judicial District Court of Concordia Parish against XTO Energy, Inc. (“XTO”),
By reducing risks that come with manual cooking oil management, foodservice operators can further protect their bottom line by potentially reducing insurance premiums, Cheng explained. Then, youre not getting rid of fresh oil in case its a slower week or overusing oil that could hurt food quality in case its busier.
and Warranty Underwriters Insurance Company. Perry Homes and the warranty companies moved to vacate the arbitrator’s award, arguing (among other things) that the case should never have been sent to arbitration after so much activity in court. The trial court overruled their objections and confirmed the arbitration award.
527 (1962) requires courts hearing maintenance and cure cases to construe disputed medical evidence in the seaman’s favor. On appeal, the Eleventh Circuit held that Vaughan does not require courts hearing maintenance and cure cases to construe all disputed medical evidence in the seaman’s favor. Supreme Court holding in Vaughan v.
The case called upon the court to determine whether a contract for performance of specialty services to facilitate the drilling or production of oil and gas on navigable waters is maritime in nature. In a highly anticipated ruling, the United States Fifth Circuit Court of Appeals issued its en banc decision in In re: Larry Doiron, Inc. ,
Today the United States Supreme Court issued its decision in this landmark case concerning punitive damages. 2014) held that punitive damages were not available under the rationale of an earlier Supreme Court case, Miles v. The six justices in the majority opinion reversed the Ninth Circuit and resolved a circuit split on this issue.
The Prudential Regulators and ESAs lack authority to issue similar no-action relief to suspend enforcement and have instead offered guiding principles for examiners to implement a risk-based compliance review on a case-by-case basis. 6, 2016). [4] 4] CFTC Letter No. 17-11 is available here. [5] 30, 2015). [6]
Chapter 11 Reorganization: If the Company files a Chapter 11 reorganization, then the company may choose to continue its health care coverage or it may be able to terminate the health plan entirely, in which case there would be no obligations under COBRA. If it reorganizes and retains health care coverage, then obligations under COBRA remain.
The district court dismissed their case under Federal Rule of Civil Procedure 12(b)(6). The district court dismissed their case under Rule 12(b)(6). 2] Here, this was not the case. On January 11, 2021, the Fifth Circuit panel affirmed. When they left the scene, they had only minor burns, scratches, and bruises.
Chapter 11 Reorganization: If the Company files a Chapter 11 reorganization, then the company may choose to continue its health care coverage or it may be able to terminate the health plan entirely, in which case there would be no obligations under COBRA. If it reorganizes and retains health care coverage, then obligations under COBRA remain.
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. In such case, BOEM may require that the party provide additional security for decommissioning obligations for which such predecessor is not liable.
And for filing State of Texas paperwork and keeping up with insurance, you guessed it, more friends. One of those is a lawyer who works at a firm who dedicates his work to suing companies like mine, in this case helping Rodriguez not get sued. I have quite a few friends that have their own businesses, and they walked me through it.
In most cases of default of a current lessee or owner of operating rights, BSEE will call upon a prior interest owner to perform the required decommissioning. In such case, BOEM may require that the party provide additional security for decommissioning obligations for which such predecessor is not liable.
This case arises from a fatal accident on an icy, unlit stretch of highway near Amarillo, Texas. The Texas Supreme Court reviewed and reversed the judgment of the court of appeals and remanded the case for a new trial. A wrongful death case is no different in this regard. Prac. & Rem. Code § 41.001 (12). Saenz , 925 S.W.2d
The second major sector that is doing surprisingly well is another boring sector insurance companies! Source: Stockcharts.com At first glance, I wasnt sure why the insurance business was doing so well. As it turns out, this is partly a flight to safety after all everyone needs insurance even when things go bad. Swim they did.
By Kevin Connolly On certified question from the Fifth Circuit Court of Appeals, the Texas Supreme Court, in Fairfield Insurance Company v. 2008), addressed the issue of whether Texas public policy prohibits a “liability insurance provider from indemnifying an award for punitive damages imposed on its insured because of gross negligence.”
The sanctions include targeting major producers, tankers, traders, and insurance companies involved in Russia’s oil trade. Read more Supreme Court rejects oil firms’ bid in Honolulu climate case Summary : The U.S.
The Supreme Court of Texas agreed, and remanded the case to the court of appeals for remittitur consistent with its opinion. 559, 568 (1996), and subsequently refined in State Farm Mutual Automobile Insurance Co. Gore , 517 U.S. Campbell , 538 U.S. Campbell , 538 U.S.
Jackson has issued an omnibus order suspending all deadlines and delays in cases pending before the Middle District of Louisiana indefinitely. Helena Parish, and Livingston Parish) will be closed through the remainder of the week. Federal court: Chief Judge Brian A.
By Andrew Wooley: Supreme Court of Texas decides Superior Snubbing : In a case of substantial importance to the energy industry, the Supreme Court of Texas held that an oilfield service contractor sued by an injured employee of another contractor is entitled to enforce the indemnity provision in a Master Service Agreement between the operator and the (..)
There are a host of legal issues that come with these types of transactions, including the terms of the contract between the owner and charterer, the contract with the electronic broker, prohibitions on commercial use in berth agreements, and the same type of coverage exclusions in insurance policies.
On April 1, the Court issued its eighth order, tolling the statutes of limitations for all civil cases from March 13 until June 1, 2020. In addition, no residential eviction cases may proceed until after April 19, 2020.
Still, the market reaction didn’t suggest traders were anticipating a worst-case scenario. ” In the physical market, prices of WTI rose to the highest since Tuesday as refineries take barrels as insurance against volatility, according to traders.
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