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Third Circuit: Excess Insurer Need Not Prove Prejudice in Order to Enforce a Claims-Made and Reported Requirement
In a 2-1 opinion, the Third Circuit recently affirmed summary judgment in favor of an excess medical malpractice insurer in a case involving both policy construction and evidentiary issues. In Lexington Insurance Company v. Western Pennsylvania Hospital, et al., 2005 WL 2174003 (3d Cir. 9/9/05), West Penn Hospital had three layers of medical malpractice coverage. The first layer was a primary policy issued by PHICO. The PHICO policy provided both general liability, on an occurrence basis, and medical malpractice coverage on a claims-made and reported basis. The next layer was $1 million worth of excess coverage provided by the Pennsylvania Medical Professional Liability Catastrophe Fund (the “CAT Fund”). Lexington issued an excess policy over those first two layers. The CAT Fund coverage was also claims-made and reported.
The Lexington policy had a pre-printed umbrella form that was occurrence-based for general liability, and had two relevant endorsements. The first, Endorsement 007, provided follow-form claims-made medical malpractice coverage. The follow-form language was as follows:
Insofar as coverage is available to the Insured in the underlying insurance set forth in the Schedule of Underlying Insurance, this policy applies to liability arising out of medical incidents. All of the terms and conditions of said underlying insurance shall apply to this insuring agreement except as otherwise expressly stated herein.
The underlying insurance identified in the Schedule of Underlying Insurance was the PHICO policy.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.