Category Archives: Insurance

PLI Current: COVID-19 Special Issue

PLI Press published a special issue of PLI Current to address the developing effects of the COVID-19 outbreak on the legal community. Covering a variety of legal issues related to COVID-19, this special issue contains a mix of original reportage, program materials and transcripts from recent PLI One Hour Briefings. Below is a list of contents along with links to individual articles.

*All articles and online programs related to the global coronavirus crisis are free to access with your PLI login. For upcoming programs, visit pli.edu/coronavirus.

  1. COVID-19: Reducing the Spread of Both Illness and Social Panic 
  2. Coronavirus: What Lawyers Need to Know: Transcript of the PLI One Hour Briefing, conducted March 10, 2020 
  3. Coronavirus: What Lawyers Need to Know (program materials)
  4. Coronavirus: Insurance Coverage for Event Cancellation, Travel and Supply Chain Losses: Transcript of the PLI One Hour Briefing, conducted March 17, 2020 
  5. Coronavirus: Insurance Coverage for Event Cancellation, Travel and Supply Chain Losses (program materials) 
  6. Investment Adviser Regulatory Update: Considerations Regarding the Coronavirus and Getting Ready for the 2020 ADV Update Season: Transcript of the PLI One Hour Briefing, conducted March 18, 2020 
  7. Investment Adviser Regulatory Update: Considerations Regarding the Coronavirus and Getting Ready for the 2020 ADV Update Season (program materials) 
  8. COVID-19 and the Cyber-Risks of Working from Home: Meeting the Challenges: Transcript of the PLI One Hour Briefing, conducted March 25, 2020 
  9. COVID-19 and the Cyber-Risks of Working from Home: Meeting the Challenges (program materials) 
  10. COVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings: Transcript of the PLI One Hour Briefing, conducted March 26, 2020 
  11. COVID-19 Challenges for First Quarter 2020 Form 10-Q and Annual Meetings (program materials) 
  12. How Employers Can Manage the Coronavirus/COVID-19 Pandemic: Your Workplace Questions Asked—and Answered!: Transcript of the PLI One Hour Briefing, conducted March 26, 2020 
  13. How Employers Can Manage the Coronavirus/COVID-19 Pandemic: Your Workplace Questions Asked—and Answered! (program materials)
  14. Coronavirus Considerations: SEC Disclosure, Labor & Employment, Insurance, Litigation, Breach of Contract and Force Majeure Issues: Transcript of the PLI One Hour Briefing, conducted March 27, 2020 
  15. Coronavirus Considerations: SEC Disclosure, Labor & Employment, Insurance, Litigation, Breach of Contract and Force Majeure Issues (program materials)

Treatise Update: Reinsurance Law

Reinsurance Law examines the intricacies of U.S. reinsurance law in the 21st century, giving readers a practical grasp of the purpose, benefits, markets, and costs of reinsurance; the features, operation, and risk-and-return characteristics of the full range of reinsurance products; state, federal, and international regulation of reinsurance; and a full understanding of resolving disputes in the industry. Enhanced with time-saving checklists and numerous sample clauses and sample agreements, this practical treatise covers federal and state law, industry standards, customs, practice—including the Utmost Good Faith and Follow-the-Fortunes doctrines—and relevant case law in clear, straightforward terms.

Highlights from Release #14 of Reinsurance Law include:

  • Chapter 3: A section on Implied Follow-the-Fortunes Provision addresses whether the follow-the-fortunes doctrine is implied in facultative reinsurance certificates when there is no express working to that effect (see section 3:3).
  • Chapter 3: A section on Reinsurer’s Obligation Regarding Supplemental Benefits Outside of the Applicable Limits of Liability discusses the Second Circuit decision in Utica Mutual Insurance Co. v. Clearwater Insurance Co., holding that the contracts required payment of expenses in addition to the stated liability limits in the facultative contracts. The ruling was based on form language in the contracts and the absence of language stating that the reinsurer’s liability would be “subject to” the stated limits of liability (see section 3:4).
  • Chapter 6: A section on Vacating or Modifying the Award explains how before an arbitrator is officially engaged to perform an arbitration, to ensure the parties’ acceptance of the arbitrator is informed, potential arbitrators must disclose their ownership interests, if any, and the arbitration organizations with whom they are affiliated in connection with the arbitration and those organizations’ nontrivial business dealings with the parties to the arbitration (see section 6:9.2).

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PLI PLUS subscribers can access this title through their subscription.

Reinsurance Law Update

Reinsurance Law examines the intricacies of U.S. reinsurance law in the twenty-first century, giving readers a practical grasp of the purpose, benefits, markets, and costs of reinsurance; the features, operation, and risk-and-return characteristics of the full range of reinsurance products; state, federal, and international regulation of reinsurance; and a full understanding of resolving disputes in the industry.

This practical treatise is enhanced with time-saving checklists and numerous adaptable sample agreements and sample clauses.

Release #13 expands and updates the treatise with coverage of the latest developments in reinsurance law. Highlights of the update include the following:

  • Revised Section 3:4, Reinsurer’s Obligation Regarding Supplemental Benefits Outside of the Applicable Limits of Liability, discusses the New York Court of Appeals decision in Global Reinsurance Corp. of America v. Century Indemnity Co., in which the court observed that its 2004 decision in Excess Insurance Co. v. Factory Mutual Insurance Co. did not hold that third-party defense costs under any facultative reinsurance contract are unambiguously or presumptively capped by the liability limits.
  • Revised Section 6:8.4, Subpoenas, in the book’s chapter on arbitration, explains that in CVS Health Corp. v. Vividus, the Ninth Circuit found that a “plain reading of the text of Section 7 [of the Federal Arbitration Act] reveals that an arbitrator’s power to compel the production of documents is limited to production at an arbitration hearing.”

In addition, the Table of Authorities has been updated to reflect the revisions found in Release #13.

This essential treatise is available on PLI PLUS. If you would like to purchase a print copy, please contact libraryrelations@pli.edu.