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Fifth Circuit Holds That Foreign Forum Selection Clauses Are Enforceable In Insurance Policy

The Energy Law

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. District Court for the Southern District of Florida in October of 2020.

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Louisiana Governor Signs 2020 Tort Reform Legislation

The Energy Law

One of the major outcomes of the 2020 Louisiana Legislative session was the passage of tort reform legislation that supporters argue will lower insurance rates and change the state’s notoriously litigious environment. Further, the new law will preclude discussion of a party’s insurance coverage before a jury.

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New Final Regulations Expand the Availability of HRAs

The Energy Law

More specifically, beginning January 2020, the finalized rules allow HRAs to be integrated with certain qualifying individual health plan coverage and/or Medicare. The final rules reverse current guidance which requires HRAs to be integrated with only qualifying group health plan coverage.

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Additional Guidance for Coronavirus-Related Distributions and Loans Under the CARES Act

The Energy Law

On June 19, 2020, the Internal Revenue Service (the “IRS”) issued Notice 2020-50 which expands the categories of individuals eligible for coronavirus-related distributions (“CRDs”), loans, and loan repayment suspensions as well as resolves some of the issues that were concerning plan administrators and employers under the CARES Act.

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Main Street Lending Programs

The Energy Law

In addition to the SBA’s Payment Protection Program (PPP) and Economic Injury Disaster Loans (EIDL), on April 9, 2020, the Federal Reserve announced that it was going to provide up to $2.3 insured depository institutions, U.S. This is a new loan program authorized by the CARES Act. There are no forgiveness provisions.

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Fifth Circuit Identifies Potential Conflict with Supreme Court on Jones Act Seaman Test

The Energy Law

3d 550, a three-judge panel of the United States Fifth Circuit Court of Appeal held on August 14, 2020, that seaman status under the Jones Act may apply to an injured welder on a jack-up oil rig adjacent to an inland pier. Smart Fabricators of Texas, LLC , 970 F.3d He worked day shifts and returned home every evening. 1349(b)(1).

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Top 10 Labor and Employment Issues in Bankruptcy Continued

The Energy Law

Employee wages, salaries and commissions owed by an employer, $13,650 in 2020, that were earned within 180 days of a company filing for bankruptcy are given a higher priority in a bankruptcy proceeding ( fourth priority level ). This fifth priority cap is reduced by any amounts paid to the employee under the fourth priority. the company).

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