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S&P500
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NASDAQ
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NYSE
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MMM
218.27
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AXP
92.08
+0.39
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T
35.71
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BA
260.04
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CAT
131.29
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CVX
118.15
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CSCO
33.55
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KO
46.4
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DD
83.93
0.00
0.00%
 
XOM
82.76
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GE
23.12
-0.07
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GS
242.03
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HD
163.45
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INTC
40.25
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IBM
159.53
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JNJ
140.68
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JPM
97.99
+0.37
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MCD
165.77
+0.37
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MRK
63.51
+0.29
+0.46%
 
MSFT
77.61
+0.02
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NKE
52.3
+0.3
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PFE
35.83
-0.37
-1.02%
 
PG
92.77
-0.03
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TRV
130.02
+1.37
+1.06%
 
UNH
205.23
+1.34
+0.66%
 
UTX
119.18
-0.18
-0.15%
 
VZ
48.65
+0.25
+0.52%
 
V
107.8
+0.26
+0.24%
 
WMT
86.22
+0.24
+0.28%
 
DIS
98.25
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Pennsylvania Supreme Court Rules that Bad Faith Does Not Require Proof of an Insurer’s Self-Interest or Ill-Will

The Pennsylvania Supreme Court ruled today that the Pennsylvania bad faith statute does not require a plaintiff to prove that an insurer was motivated by self-interest or ill-will when denying benefits under an insurance policy. Instead, the court’s decision in Rancosky v. Washington National Insurance Company adopted the standard established by the Pennsylvania Superior Court 23 years ago in Terletsky v. Prudential Property & Casualty Company, under which a bad faith claim is established by clear and convincing evidence that the insurer did not

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Pennsylvania Supreme Court Rules that Bad Faith Does Not Require Proof of an Insurer’s Self-Interest or Ill-Will

The Pennsylvania Supreme Court ruled today that the Pennsylvania bad faith statute does not require a plaintiff to prove that an insurer was motivated by self-interest or ill-will when denying benefits under an insurance policy. Instead, the court’s decision in Rancosky v. Washington National Insurance Company adopted the standard established by the Pennsylvania Superior Court 23 years ago in Terletsky v. Prudential Property & Casualty Company, under which a bad faith claim is established by clear and convincing evidence that the insurer did not

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DFS Partially Clarifies Who Qualifies for an Exemption Under Cybersecurity Regulation

By the terms of 23 NYCRR 500.19(e), Covered Entities that have determined they qualify for a limited exemption from compliance under 23 NYCRR 500.19(a)-(d) of New York’s new Cybersecurity Regulation — as of August 28, 2017 — are required to file a Notice of Exemption with the New York Department of Financial Services (NYDFS) on or prior to September 28, 2017. The first compliance date of August 28, 2017 in New York’s cybersecurity regulation, and the date for Covered Entities

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DFS Partially Clarifies Who Qualifies for an Exemption Under Cybersecurity Regulation

By the terms of 23 NYCRR 500.19(e), Covered Entities that have determined they qualify for a limited exemption from compliance under 23 NYCRR 500.19(a)-(d) of New York’s new Cybersecurity Regulation — as of August 28, 2017 — are required to file a Notice of Exemption with the New York Department of Financial Services (NYDFS) on or prior to September 28, 2017. The first compliance date of August 28, 2017 in New York’s cybersecurity regulation, and the date for Covered Entities

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“Twisting in the Wind: Covered Agreement Dangling by Uncertainty and Politics,” AIRROC Matters

In an article for AIRROC Matters,  Frederick J. Pomerantz examines the uncertain status of the “Covered Agreement,” a novel multilateral insurance agreement between the United States and the European Union. Early advocates hoped that the agreement would result in an “equivalency recognition” between U.S. and EU insurance regulatory systems. According to state insurance regulators, the agreement falls short of this, but does include provisions that would bring these insurance markets closer by eliminating obstacles for U.S. reinsurers doing business in the EU

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Insurer Scores a Slam Dunk in TCPA Suit Before the Ninth Circuit

A recent decision by the Ninth Circuit is sure to catch the eye of insurers for its favorable reasoning rejecting coverage as well as a potential warning sign that policyholders are seeking coverage for Telephone Consumer Protection Act (TCPA) suits beyond CGL policies. In Los Angeles Lakers, Inc. v. Federal Insurance Company, No. 15-55777, 2017 WL 3613340 (9th Cir. Aug. 23, 2017), the Ninth Circuit determined there was no coverage for violations of the TCPA under a D&O policy. In

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Insurer Scores a Slam Dunk in TCPA Suit Before the Ninth Circuit

A recent decision by the Ninth Circuit is sure to catch the eye of insurers for its favorable reasoning rejecting coverage as well as a potential warning sign that policyholders are seeking coverage for Telephone Consumer Protection Act (TCPA) suits beyond CGL policies. In Los Angeles Lakers, Inc. v. Federal Insurance Company, No. 15-55777, 2017 WL 3613340 (9th Cir. Aug. 23, 2017), the Ninth Circuit determined there was no coverage for violations of the TCPA under a D&O policy. In

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