Simpson Thacher
November 6, 2012
12 pages
In this Issue:
- Ninth Circuit Retreats From Previous Ruling Imposing Duty to Seek Settlement Proactively
- New York Court Rejects Insurer’s Rescissionary Damages Claim for Mortgage-Backed Securities Policy
- Pollution Exclusion Relieves Insurer of Duty to Defend Bodily Injury Lead Claims, Says Missouri Court
- Ohio Court Dismisses Claims Against Excess Insurers on Justiciability Grounds
- Late Notice Ruling as to Initial Complaint Does Not Automatically Apply to Amended Complaint, Says Eleventh Circuit
- Illinois Court Enforces Follow the Settlements Clause and Rejects Reinsurer’s Late Notice Defense
- New Jersey Court Addresses Late Notice Under Retrocessional Contracts
- New York’s Highest Court Rules That Earth Movement Exclusion Applies to “Man Made” Causes
- Ninth Circuit Affirms Dismissal of Global Warming Nuisance Suit
- Fifth Circuit Affirms That Reservation of Rights Does Not Create Conflict of Interest for Purposes of Selecting Defense Counsel
Insurance Law Alert![Herbert Smith Freehills: The interpretation of the scope of indemnity cover in respect of defective workmanship of contractors [M J Gleeson Group Plc v Axa Corporate Solutions Assurance SA]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/HerbertSmithLogo.gif&w=120&h=72&zc=1)







![Troutman Sanders: Breach of Duty to Defend Precludes Reliance on Policy Exclusions in Indemnity Context [K2 Investment Group, LLC, et al. v. American Guarantee & Liability Insurance Company]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/TroutmanSandersLogo.gif&w=120&h=72&zc=1)

![Cozen O'Connor: Second Circuit Restricts Zeig to First-Party Context, Requiring Actual Payment of Underlying Limits [Ali v. Federal Insurance Co.]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/cozenOConnorLogo.gif&w=120&h=72&zc=1)

![Cahill: Retention of Profits May Impact Insurance Coverage for Disgorgement Payments to the SEC [J.P. Morgan Securities Inc., et al. v. Vigilant Insurance Company]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/CahillLogo.gif&w=120&h=72&zc=1)


![Morrison Foerster: Court of Appeals Reinstates Insurance Coverage Claim for Disgorgement [J.P. Morgan Sec. Inc. v Vigilant Ins. Co.]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/MoFoLogo.gif&w=120&h=72&zc=1)
![Wiley Rein: New York High Court: Insurer May Not Rely on Policy Exclusions If It Breaches Duty to Defend [K2 Invest. Group, LLC v. Am. Guar. & Liab. Ins. Co.]](/modules/mod_raxo_allmode/tools/tb.php?src=/images/stories/WileyRein.gif&w=120&h=72&zc=1)


















