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    New York court addresses impact of allowing insured to default
    2012-02-03

    In its recent decision in Sunnyside Dev. Co.,LLC v. Chartis Specialty Ins. Co., 2012 U.S. Dist. LEXIS 9392 (S.D.N.Y. Jan. 26, 2012), the United States District Court for the Southern District of New York demonstrated the consequences that an insurer faces when allowing an insured to default.

    Filed under:
    USA, New York, Insolvency & Restructuring, Insurance, Litigation, Traub Lieberman Straus & Shrewsberry LLP, American International Group
    Authors:
    Brian Margolies
    Location:
    USA
    Firm:
    Traub Lieberman Straus & Shrewsberry LLP
    Pennsylvania federal court addresses insolvency exclusion
    2011-12-01

    In its recent decision ACE Capital Ltd. v. Morgan Waldon Ins. Mgmt., LLC, 2011 U.S. Dist. LEXIS 135902 (W.D. Pa. Nov. 28, 2011), the United States District Court for the Western District of Pennsylvania had occasion to consider the scope of an insolvency exclusion in a professional liability policy.

    Filed under:
    USA, Pennsylvania, Employee Benefits & Pensions, Healthcare & Life Sciences, Insolvency & Restructuring, Insurance, Litigation, Traub Lieberman Straus & Shrewsberry LLP, Bankruptcy, Negligence
    Authors:
    Brian Margolies
    Location:
    USA
    Firm:
    Traub Lieberman Straus & Shrewsberry LLP
    Seventh Circuit affirms cost of capital improvements not covered under GL policy
    2011-07-25

    In its recent decision, Continental Cas. Co. v. Sycamore Springs Homeowners Association, 2011 U.S. App. LEXIS 15005 (July 22, 2011), the United States Court of Appeals for the Seventh Circuit, applying Indiana law, had occasion to consider whether an underlying suit demanding that the insured undertake measures to prevent future “property damage” triggered coverage under a general liability policy.

    Filed under:
    USA, Indiana, Insolvency & Restructuring, Litigation, Real Estate, Traub Lieberman Straus & Shrewsberry LLP, Costs in English law, Seventh Circuit
    Location:
    USA
    Firm:
    Traub Lieberman Straus & Shrewsberry LLP
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