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Duane Morris partner Alice Kane and associate Philip Goldstein recently wrote an article on "New Cybersecurity Regulations for New York Insurers and Banks," which was published by Law360. Over the last few years, the financial services industry (More)
By Thomas R. Newman The covenant of good faith and fair dealing that is implied by law in every liability insurance policy requires the insurer to concern itself with the interests and welfare of the insured as well as its own interests and welfar (More)
Does the parent and controlling shareholder of an insured corporation have standing to seek declaratory relief as to the insured’s insurance coverage? Under California law, the answer is no. In a March 30, 2016 decision, ordered published April 28, (More)
By Philip R. Matthews The New York Court of Appeal on Tuesday, May 3, held that the Consolidated Edison pro rata allocation rule does not apply where the policies have prior insurance and non-cumulation clauses. The Court held that the pro rata r (More)
By Sheila Raftery Wiggins The Supreme Court of New Jersey – the highest court in New Jersey – held that the failure to comply with the notice provisions of the claims-made policy constitutes a breach of the policy, permitting the insurer to de (More)