Insurance Law Alert

Simpson Thacher’s Insurance Law Alert is a monthly publication reporting on noteworthy decisions and legislation of interest to insurers and reinsurers.

In This Issue

Delaware Supreme Court Rules That Defense Costs Paid By Parent Company Do Not Satisfy Self-Insured Retention In Subsidiary’s Policies

Illinois Appellate Court Says Trial Court Properly Considered Insured’s Sworn Statement In Concluding That Insurer Had No Duty To Defend

Fifth Circuit Rules That Two-Year Delay In Notice To Reinsurer Was Unreasonable And Material As A Matter Of Law

Texas Court Rules That Policyholder’s Alleged Payment To Terrorist Organization Is Not An Occurrence Under Liability Policy

Texas Court Denies Reinsurer’s Motion To Dismiss Claims Brought By Original Insured

New York Appellate Court Rules That Plaintiffs’ Promise Not To Execute On Judgment In Exchange For Assignment Of Insurance Rights Does Not Extinguish Insurer’s Duty To Indemnify

Sixth Circuit Rules That Fatal Shooting Of Unintended Victim Is Not A Covered Occurrence

Eleventh Circuit Affirms Dismissal Of Coverage Suit Based On Tolling Period, Late Notice And Failure To Establish Business Income Loss

Second Circuit Affirms That Policyholder Is Entitled To Coverage For Audit Expenses Under “Extra Expense” Policy Provision

Eleventh Circuit Addresses Abstention Standard For Mixed Action Seeking Declaratory Relief and Rescission

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Bryce L. Friedman

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Chet A. Kronenberg

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Karen Cestari

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