- Blog: Hunton Insurance Recovery BlogHunton Andrews Kurth LLP Partner Michael Levine Testifies in Support of “Leveling the Playing Field” for Policyholders Pursuing COVID-19 Business Income ClaimsPosted on October 22, 2021 by Rachel E. HudginsOn Wednesday, Hunton Andrews Kurth LLP insurance partner Mike Levine testified before the Massachusetts Joint Committee on Financial Services in support of a bill that takes aim at insurers’ argument that their policies do not cover losses caused by COVID-19 or government-issued closure orders. Passage of H.1079 would give business owners in Massachusetts a fair chance to show otherwise: that their all-risk insurance policies, for which they paid annual premiums, do indeed cover business income losses and extra operating expenses incurred because of the pandemic. Continue Reading
- Blog: Waller Law BlogRepresentation and Warranty Insurance (RWI) in healthcare provider deals: what you need to know for year-end 2021Posted on October 20, 2021 by Dealmakers with a mandate to close by year-end should plan ahead and fast-track due diligence processes.
- Blog: Haynes and Boone BlogsDOL Issues Proposed Rule (Again) to Address Selecting Plan Investments and Exercising Shareholder RightsPosted on October 20, 2021 by Haynes and Boone Benefits GroupOn October 13, 2021, the DOL released a proposed rule which effectively provides that ERISA plan fiduciaries may consider climate change and other environmental, social, and governance (“ESG”) factors when they make investment decisions and when they exercise shareholder rights. Under the Trump administration, in late 2020, the DOL previously issued a final rule on […] The post DOL Issues Proposed Rule (Again) to Address Selecting Plan Investments and Exercising Shareholder Rights appeared first on Haynes and Boone Blogs.
- Blog: Data Security Law BlogOFAC Ransomware Guidance: Prepare, Report, and (Preferably) Don’t Pay the Ransom!Posted on September 29, 2021 by Gautam Rao, Peter A. NelsonAs we have previously reported, there has been a major uptick over the past few years—and particularly during the COVID-19 pandemic—in ransomware attacks. These attacks consist of an intrusion by a cybercriminal into the victim’s computers or network, followed by deployment of malware that encrypts the victim’s files, preventing access until a payment is made. [...]
- Blog: It Pays to Be CoveredWyoming Supreme Court Rules Refinery Company Can Seek Extracontractual Insurance Recovery Against Holdout InsurerPosted on May 24, 2021 by Marc James Ayers, G. Benjamin Milam, Geoffrey Greeves and A. Kate MargolisIn a landmark victory for policyholders, the Supreme Court of Wyoming found that a subsidiary of Sinclair Oil can invoke statutory bad faith damages after prevailing in a coverage dispute with its insurer, Infrassure. The court rejected the district court’s analysis that supported the insurer’s narrow interpretation of the state’s insurance code. On certification from...