Discussing a recent 1st Circuit decision allowing a multi-party arbitration to proceed because of contract language that was open to interpretation and contested by the parties, Mike Mullins and Ashley Harrison note that defining the scope of arbitration at the contract stage is crucial. In their Massachusetts Reinsurance Bar Association newsletter article, "First Circuit Highlights The Importance of Carefully Crafted Arbitration Clauses," they note that, "If the reinsurance contract's broad grant of authority is unaccompanied by additional language addressing the breadth of the proceeding, parties could find themselves litigating a procedural sideshow rather than the merits of their case."
The full article can be found here.
On November 17 – 18, Michael Mullins will speak at the ARIAS U.S. Fall Conference and Annual Meeting at the New York Marriott Marquis.
Jonathan Handler and David Lieberman wrote an article, "Citizenship of LLCs and Subject Matter Jurisdiction in the Federal Courts: A Serious Concern Begging for Resolution," for Bloomberg BNA's Securities Regulation & Law Report. The article is about how many practitioners fail to understand a key legal distinction between LLCs and corporations as it relates to their state of citizenship.
Day Pitney Alert
Day Pitney Alert
On June 7, the firm hosted its semiannual Insurance Compliance Best Practices Meeting. The meeting was attended by the compliance officers of eight leading insurance companies. The agenda featured a presentation by Katherine L. Wade, Commissioner of the Connecticut Insurance Department. In addition, the agenda covered the National Association of Insurance Commissioners model laws on data security and corporate governance disclosure, U.S. Department of Labor new Fiduciary Rule, and compliance officer liability exposure. Presentations on the agenda topics were made by Bill Goddard, Jim Bowers, Steve Cash, Eliza Fromberg, Mike Fernicola, and Dan Raccuia.
Bill Goddard was quoted in an article, "4 Key Battles To Watch Over NAIC's Cyber Model Law," in Law360. The article is about the National Association of Insurance Commissioners draft of a model law outlining how insurers must safeguard consumers' information and respond in the event of a data breach.
John McLafferty was quoted in an article,"New pay equity law offers fertile ground for litigation," in Massachusetts Lawyers Weekly.
Bill Goddard and Susan Huntington were mentioned in an article, "Fewer exchange options could increase health premiums," in The Hartford Business Journal.
Bill Goddard was quoted in an article, "Scrutiny, Breaches Increase Focus on Cyber Insurance," in Banker & Tradesman.
Bill Goddard was quoted in an article, "Administration Says Risk Corridor Complaint Not Actionable," in the Bloomberg BNA Law Reports: Daily Report for Executives, Health Care Daily Report and Health Care Insurance Report.