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We are pleased to announce that seven attorneys have been elevated to partner across Kennedys US offices effective May 1, 2022.
We have promoted our largest ever number of lawyers to partner. With 22 new partners joining the partnership, it is more than double the number promoted last year (10) and takes our total worldwide partner count to 293.
Globalisation in virtually all business sectors is nothing new. Indeed, this phenomenon continues to expand and evolve, including broadening the scope of the global insurance market and its impact on litigation in the United States. The risks to which policyholders are exposed have become increasingly diverse and, due to expanding markets, US policyholders have greater access to policies issued by foreign insurers.
Newly signed bill opens the door for bad faith suits against auto insurers providing UM and UIM benefits
On January 19, 2022, New Jersey’s Governor, Phil Murphy, passed S.B. 1559 into law, referred to as the New Jersey Insurance Fair Conduct Act (“IFCA”). The IFCA creates a private cause of action for injured motorists to sue insurance companies that “unreasonably” deny or delay paying claims for uninsured (“UM”) or underinsured motorist (“UIM”) coverage.
NJ courts struggle to reach a uniform interpretation of the phrase “Caused, In Whole or In Part, By”
Risk transfer is a crucial component of business relationships in a broad range of industries. Typically accomplished by contract, requiring procurement of additional insured coverage in favor of the transferor is a commonly employed risk transfer mechanism.