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Insurance Law Alert, October 2011

10.11.11
This Alert addresses three significant highest state court decisions—one by the Virginia Supreme Court finding no coverage under general liability policies for global warming claims, another by the Delaware Supreme Court regarding the validity of stranger-originated life insurance transactions, and one by the Vermont Supreme Court upholding pro rata allocation. We also address decisions relating to general liability coverage for fax blasting and drywall claims and rulings relating to the “follow the settlements” doctrine and excess directors and officers liability insurance coverage. Further, we address a recent decision in which a Delaware bankruptcy court modified a settlement between a policyholder-debtor and its insurers. Finally, we highlight recent legal developments that may affect the practice of insurance-related and other litigation. We hope you will continue to turn to the Alert for the latest developments in insurance and reinsurance law.