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Insurance Law Alert, July/August 2012

07.24.12
This Alert addresses decisions relating to an insurer’s duty to settle, rescission of a policy based on a policyholder’s misrepresentations, late notice, and the “Insured v. Insured” exclusion in a D&O policy. We also discuss several recent decisions regarding the duty to defend, reservation of rights, reimbursement of defense costs, and timing of an insurer’s declaratory judgment action regarding coverage. In addition, we summarize two recent Simpson Thacher victories in matters relating to contribution and title insurance. Finally, we highlight a ruling relating to a “no-transfer” clause, and a Fourth Circuit preemption decision.