State of property and casualty insurance 2020
McKinsey
APRIL 23, 2020
P&C represents about one-third of premiums in the insurance industry—yet it has been losing relevance for years. Six market-shaping forces are the key to its reinvention.
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Fifth Circuit Holds That Foreign Forum Selection Clauses Are Enforceable In Insurance Policy
The Energy Law
MAY 3, 2023
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
JULY 24, 2020
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.
New Final Regulations Expand the Availability of HRAs
The Energy Law
JULY 11, 2019
More specifically, beginning January 2020, the finalized rules allow HRAs to be integrated with certain qualifying individual health plan coverage and/or Medicare. Employees must be enrolled in individual health insurance coverage and must be able to confirm coverage annually and on an ongoing basis while they are participating in an ICHRA.
Additional Guidance for Coronavirus-Related Distributions and Loans Under the CARES Act
The Energy Law
JULY 2, 2020
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.
Main Street Lending Programs
The Energy Law
APRIL 20, 2020
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. Eligibility Eligible Lenders : Eligible Lenders are U.S. bank holding companies, and U.S.
Riding to the Danger Zone: U.S. Fifth Circuit Panel Considers the Zone-of-Danger Test for Maritime Emotional Distress
The Energy Law
FEBRUARY 9, 2021
13, 2020), the plaintiff was not in the danger zone when he witnesses a ship allision. The district court dismissed their case under Rule 12(b)(6). In re Oil Spill by Oil Rig “Deepwater Horizon” in Gulf of Mex., 20, 2010 , 452 F. 3d 455, 463 (E.D. at 461-63. On appeal, the Fifth Circuit affirmed. In SCF Waxler Marine LLC v.
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