Insurance Overview

Insurance law governs the contractual relationship between an insured and an insurer. The contract is called a policy, and the insured is the policyholder. The policy contains an agreement between the insured (such as an individual or a business) and an insurance company that in exchange for the insured's payment of a premium, the insurance company will reimburse the insured for losses associated with covered risks. The insurance policy will state the extent to which a risk is covered and amount of reimbursement the insured may receive in the event of a loss.

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Featured Cases AddThis Feed Button

  • BLACKWATER SECURITY CONSULTING, LLC et al v. WESTCHESTER SURPLUS LINES INSURANCE COMPANY et al
    Plaintiffs Blackwater Security Consulting, LLC and Blackwater Lodge and Training Center, Inc. alleged that defendants Westchester Surplus Lines Insurance Company, Evanston Insurance Company, Fidelity and Casualty Company of New York, and Liberty Insurance Underwriters breached their insurance contracts with plaintiffs by failing to indemnify plaintiff for defense costs and expenses in Nordan v. Blackwater Security Consulting LLC, et al..
    Pennsylvania Eastern District Court
    Insurance
    Filed: November 16, 2005
    Plaintiff: BLACKWATER SECURITY CONSULTING, LLC, BLACKWATER SECURITY CONSULTING, LLC, BLACKWATER SECURITY CONSULTING, LLC, BLACKWATER LODGE AND TRAINING CENTER, INC., BLACKWATER LODGE AND TRAINING CENTER, INC. Defendant: WESTCHESTER SURPLUS LINES INSURANCE COMPANY, WESTCHESTER SURPLUS LINES INSURANCE COMPANY, WESTCHESTER SURPLUS LINES INSURANCE COMPANY, LIBERTY INSURANCE UNDERWRITERS, CONTINENTAL INSURANCE COMPANY and others...
    Last Docket Report Change Found: May 9, 2008

    (May 8, 2008)
  • AMCO Insurance Company v. Lauren Spencer, Inc. et al
    Plaintiff AMCO Insurance Company filed a claim for declaratory relief seeking a determination on Plaintiff's obligations under a commercial general liability policy to cover claims asserted by George Harris against Defendant Lauren Spencer, Inc. for copyright infringement of ornamental jewelry designs.
    Ohio Southern District Court
    Insurance
    Filed: June 14, 2006
    Plaintiff: AMCO Insurance Company Defendant: Lauren Spencer, Inc., Lauren Spencer, Inc., Shirley Lee, Shirley Lee, Bowen Lee and others... Counter Claimant: Lauren Spencer, Inc., Lauren Spencer, Inc., Shirley Lee, Shirley Lee, Bowen Lee, Bowen Lee, Popphie Lee, Popphie Lee and others...
    Last Docket Report Change Found: December 31, 1969

    (November 20, 2007)
  • Netscape Communications Corporation et al v. Federal Insurance Company et al
    Netscape Communications Corporation and America Online Inc. sued the Federal Insurance Company, St. Paul Mercury Insurance Company, and Executive Risk Specialty Insurance Company over the refusal of defendants to defend and indemnify plaintiffs for a series of consumer privacy rights lawsuits concerning the surreptitious interception of electronic communications.
    California Northern District Court
    Insurance
    Filed: January 11, 2006
    Plaintiff: Netscape Communications Corporation, American Online, Inc.; Defendant: St. Paul Mercury Insurance CompanyCounter-claimant: St. Paul Mercury Insurance Company
    Last Docket Report Change Found: December 31, 1969

    (October 28, 2007)

Dockets AddThis Feed Button

  • United of Omaha Life Insurance Company v. Bower et al
    Missouri Western District Court
    Insurance
    Filed: February 20, 2008
    Plaintiff: United of Omaha Life Insurance Company, United of Omaha Life Insurance Company Defendant: Cathy Bower, John C Bower, Jr., Larry Bower, Eric Bower

    (February 19, 2008)
  • Romano et al v. Grinnell Mutual Reinsurance Company
    Missouri Western District Court
    Insurance
    Filed: February 20, 2008
    Plaintiff: Louis C. Romano, Barbara Romano Defendant: Grinnell Mutual Reinsurance Company

    (February 19, 2008)
  • Kimmel v. Western Reserve Life Assurance Co of Ohio
    Indiana Northern District Court
    Insurance
    Filed: February 19, 2008
    Defendant: Western Reserve Life Assurance Co of Ohio, Western Reserve Life Assurance Co of Ohio Estate Plaintiff: June L Kimmel

    (February 18, 2008)
  • Chase Home Finance, LLC v. Amica Mutual Insurance Company
    Louisiana Middle District Court
    Insurance
    Filed: February 19, 2008
    Plaintiff: Chase Home Finance, LLC, Chase Home Finance, LLC, Chase Home Finance, LLC Defendant: Amica Mutual Insurance Company, Amica Mutual Insurance Company, Amica Mutual Insurance Company

    (February 18, 2008)
  • Denton v. Safeco Insurance Company of America
    Arkansas Eastern District Court
    Insurance
    Filed: February 19, 2008
    Plaintiff: Marianne Denton Defendant: Safeco Insurance Company of America

    (February 18, 2008)

Legislation AddThis Feed Button

  • Bill Sent To President: H.R.493 Genetic Information Nondiscrimination Act of 2008
    To prohibit discrimination on the basis of genetic information with respect to health insurance and employment.

    May 01, 2008: Cleared for White House.
    (April 29, 2008)
  • Bill Introduced: H.R.5825 Hubbard Act
    To amend titles 5, 10, 37, and 38, United States Code, to ensure the fair treatment of a member of the Armed Forces who is discharged from the Armed Forces, at the request of the member, pursuant to the Department of Defense policy permitting the early discharge of a member who is the only surviving child in a family in which the father or mother, or one or more siblings, served in the Armed Forces and, because of hazards incident to such service, was killed, died as a result of wounds, accident, or disease, is in a captured or missing in action status, or is permanently disabled, and for other purposes.


    (April 14, 2008)
  • Bill Introduced: S.2874 Hubbard Act
    A bill to amend titles 5, 10, 37, and 38, United States Code, to ensure the fair treatment of a member of the Armed Forces who is discharged from the Armed Forces, at the request of the member, pursuant to the Department of Defense policy permitting the early discharge of a member who is the only surviving child in a family in which the father or mother, or one or more siblings, served in the Armed Forces and, because of hazards incident to such service, was killed, died as a result of wounds, accident, or disease, is in a captured or missing in action status, or is permanently disabled, and for other purposes.


    (April 14, 2008)
  • Bill Introduced: H.R.5647 Pell Grants for Kids Act of 2008
    To provide public charter school options for those students that attend schools that are in need of improvement and have been identified for restructuring and those schools with a graduation rate of less than 60 percent, and for other purposes.


    (March 12, 2008)
  • Bill Introduced: H.R.5602 Fair Share Act of 2008
    To amend the Internal Revenue Code of 1986 and the Social Security Act to treat certain domestically controlled foreign persons performing services under contract with the United States Government as American employers for purposes of certain employment taxes and benefits.


    (March 11, 2008)

Regulations AddThis Feed Button

  • Rule - Risk-based capital: Advnced capital adequacy framework; Basel II; Correction
    Federal Deposit Insurance Corporation
    Rule
    Risk-based capital:
    Advnced capital adequacy framework; Basel II; Correction,
    21690 [C7-5729]
    DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency 12 CFR Part 3 [Docket No. OCC[dash]2007[dash]0018] RIN 1557[dash]AC91 FEDERAL RESERVE SYSTEM 12 CFR Parts 208 and 225 [Regulations H and Y; Docket No. R[dash]1261] FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 325 RIN 3064[dash]AC73 DEPARTMENT OF THE TREASURY Office of Thrift Supervision 12 CFR Parts 559, 560, 563 and 567 [Docket No. OTS 2007[dash]0021] RIN 1550[dash]AB56 Risk[dash]Based Capital Standards: Advanced Capital... [read document]
    View Document | Download PDF

    (April 21, 2008)
  • Rule - Mustard Crop Insurance Provisions; Correction
    Federal Crop Insurance Corporation
    Rule
    Mustard Crop Insurance Provisions; Correction,
    17243 [E8-6728]
    Rules and Regulations Federal Register DEPARTMENT OF AGRICULTURE Federal Crop Insurance Corporation 7 CFR Part 457 RIN 0563-AC04 Common Crop Insurance Regulations, Mustard Crop Insurance Provisions; Correction AGENCY: Federal Crop Insurance Corporation, USDA. ACTION: Final rule; correction. SUMMARY: This document contains corrections to the final regulation which was published Monday, March 3, 2008 (73 FR 11318-11323). The regulation pertains to the insurance of Mustard. DATES: Effective Date:... [read document]
    View Document | Download PDF

    (March 30, 2008)
  • Proposed Rule - Assessment Dividends
    Federal Deposit Insurance Corporation
    Proposed Rule
    Assessment Dividends,
    15459-15468 [E8-5670]
    Proposed Rules Federal Register FEDERAL DEPOSIT INSURANCE CORPORATION 12 CFR Part 327 RIN 3064-AD27 Assessment Dividends AGENCY: Federal Deposit Insurance Corporation (``FDIC''). ACTION: Notice of proposed rulemaking. SUMMARY: The FDIC is proposing regulations to implement the assessment dividend requirements in the Federal Deposit Insurance Reform Act of 2005 (``Reform Act'') and the Federal Deposit Insurance Reform Conforming Amendments Act of 2005 (``Amendments Act''). The proposed rule is... [read document]
    View Document | Download PDF

    (March 22, 2008)
  • Rule - Common Crop Insurance Regulations: Cultivated Wild Rice Crop Insurance Provisions
    Federal Crop Insurance Corporation
    Rule
    Common Crop Insurance Regulations:
    Cultivated Wild Rice Crop Insurance Provisions,
    11314-11318 [E8-3964]
    DEPARTMENT OF AGRICULTURE Federal Crop Insurance Corporation 7 CFR Part 457 RIN 0563-AC00 Common Crop Insurance Regulations; Cultivated Wild Rice Crop Insurance Provisions AGENCY: Federal Crop Insurance Corporation, USDA. ACTION: Final rule. SUMMARY: The Federal Crop Insurance Corporation (FCIC) finalizes the Cultivated Wild Rice Crop Insurance Provisions to convert the cultivated wild rice pilot crop insurance program to a permanent insurance program for the 2009 and succeeding crop years.... [read document]
    View Document | Download PDF

    (March 2, 2008)
  • Rule - Common Crop Insurance Regulations: Mustard Crop Insurance Provisions
    Federal Crop Insurance Corporation
    Rule
    Common Crop Insurance Regulations:
    Mustard Crop Insurance Provisions,
    11318-11323 [E8-3963]
    DEPARTMENT OF AGRICULTURE Federal Crop Insurance Corporation 7 CFR Part 457 RIN 0563-AC04 Common Crop Insurance Regulations; Mustard Crop Insurance Provisions AGENCY: Federal Crop Insurance Corporation, USDA. ACTION: Final rule. SUMMARY: The Federal Crop Insurance Corporation (FCIC) finalizes the Common Crop Insurance Regulations; Mustard Crop Insurance Provisions to convert the mustard pilot crop insurance program to a permanent insurance program for the 2009 and succeeding crop years. DATES:... [read document]
    View Document | Download PDF

    (March 2, 2008)

Government AddThis Feed Button

  • Notice - Interim Final Statement of Covered Bond Policy
    Federal Deposit Insurance Corporation
    Notice
    Interim Final Statement of Covered Bond Policy,
    21949-21953 [E8-8750]
    FEDERAL DEPOSIT INSURANCE CORPORATION Covered Bond Policy Statement AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Interim final statement of policy. SUMMARY: The Federal Deposit Insurance Corporation (the FDIC) is publishing for comment an interim final policy statement (``Policy Statement'') on the treatment of covered bonds in a conservatorship or receivership. The Policy Statement provides guidance on the availability of expedited access to collateral pledged for certain... [read document]
    View Document | Download PDF

    (April 22, 2008)
  • Notice - Meetings; Sunshine Act
    Federal Deposit Insurance Corporation
    Notice
    Meetings; Sunshine Act,
    20050-20051 [E8-7851]
    FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation's Board of Directors will meet in open session at 10 a.m. on Tuesday, April 15, 2008, to consider the following matters: Summary Agenda: No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board... [read document]
    View Document | Download PDF

    (April 13, 2008)
  • Notice - Agency Information Collection Activities: Submission for OMB Review; Comment Request
    Federal Deposit Insurance Corporation
    Notice
    Agency Information Collection Activities: Submission for OMB Review; Comment Request,
    20050 [E8-7847]
    FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Submission for OMB Review; Comment Request AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice of information collection to be submitted to OMB for review and approval under the Paperwork Reduction Act of 1995. SUMMARY: In accordance with requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the FDIC hereby gives notice that it plans to submit to the Office of Management and... [read document]
    View Document | Download PDF

    (April 13, 2008)
  • Notice - Meetings; Sunshine Act
    Federal Deposit Insurance Corporation
    Notice
    Meetings; Sunshine Act,
    20050 [E8-7850]
    FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Agency Meeting Pursuant to the provisions of the ``Government in the Sunshine Act'' (5 U.S.C. 552b), notice is hereby given that at 10:30 a.m. on Tuesday, April 15, 2008, the Federal Deposit Insurance Corporation's Board of Directors will meet in closed session, pursuant to section 552b(c)(2), (c)(4), (c)(6), (c)(8), (9)(A)(ii), (9)(B), and (10) of Title 5, United States Code, to consider matters relating to the Corporation's supervisory and... [read document]
    View Document | Download PDF

    (April 13, 2008)
  • Notice - Agency Information Collection Activities; Proposals, Submissions, and Approvals
    Federal Deposit Insurance Corporation
    Notice
    Agency Information Collection Activities; Proposals, Submissions, and Approvals,
    18529-18531 [E8-7003]
    FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities: Proposed Collection Renewals; Comment Request AGENCY: Federal Deposit Insurance Corporation (FDIC). ACTION: Notice and request for comment. SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995 (44... [read document]
    View Document | Download PDF

    (April 2, 2008)

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Blog Posts AddThis Feed Button

  • Ongoing or Completed Operations -- Additional Insured Coverage Found
    CGL - ADDITIONAL INSURED - ONGOING OPERATIONS - UNTIMELY & INSUFFICIENT DISCLAIMERS One Beacon Ins. v. Travelers Prop. Cas. Co. of Am. (3rd Dept., decided 5/8/2008) A golfer slipped and fell on a newly constructed deck at the club house owned by Saratoga National Golf Club, Inc. When the lawsuit he commenced to recover for his injuries extended to the contractors involved in the construction project, believe it or not, the insurers for those contractors could not agree on their relative...
    (May 8, 2008)
  • Divorcing Spouse Not Liable for Husband Having Blown Up Marital Property
    PROPERTY - SUBROGATION - NO LIABILITY AGAINST DIVORCING SPOUSE New Hampshire Ins. Co. a/s/o of Links Club, Inc. v. Bartha (1st Dept., decided 5/8/2008) Cordula and Nicholas Bartha were married in 1977 and purchased a townhouse on East 62nd Street in Manhattan for $395,000 in 1980. In a divorce proceeding commenced in 2001 (see Bartha v Bartha, 15 AD3d 111, [2005]), the trial court found that the townhouse, valued at $5 million in 2002, was marital property subject to equitable distribution....
    (May 8, 2008)
  • California Court of Appeals: no guaranteed replacement cost means homeowner is solely ...
    California wildfires have provided some interesting battles between policyholders and insurers, chiefly over whether the insurer or the homeowner is responsible for the home being underinsured when it was destroyed. I wrote about a Bloomberg piece on that subject in this post last year. The California Court of Appeals, Fourth District, recently decided a case, Everett v. State Farm, involving the destruction of a home during the October 2003 wildfires near Los Angeles. Here's a copy of the...
    (May 7, 2008)
  • Howdy, Pardner!
    Ohio is in the vanguard of states offering the new "LTCi Partnership Program." Enabled by the Deficit Reduction Act of 2005, PP's are the latest signal from the gummint that it wants out of the long term care financing business. Briefly, the Ohio Partnership Program (OPP) allows one to "shelter" more money if and/or when one "spends down" to become Medicaid-eligible.Many folks believe, erroneously, that Medicare will pay for their long term care needs. It doesn't: Medicare pays for medical...
    (May 7, 2008)
  • Big Questions From A Small Story on a (Relatively) Small Loss
    Here's a short newspaper story of a local municipal pension plan that suffered a $2.4 million loss to its pension fund, which is only about a $53 million fund, as a result of investments in subprime mortgage backed assets made either by State Street or in State Street funds (the article isn't clear on the relationship between the pension plan and State Street, the current poster boy for breaching fiduciary duty by subprime investments). As the article points out, the pension plan has retained...
    (May 7, 2008)