The new Regulation D General Solicitation Rules impose stricter verification requirements by stating that an issuer of securities must take reasonable steps to verify the accredited status of a potential investor in a deal.

The California Fourth District Court of Appeal affirmed the trial court’s entry of judgment which held that an insurer was obligated to pay for defense, notwithstanding $250,000 self-insured retention. 

The California Fourth District Court of Appeal affirmed the trial court’s entry of judgment which held that an insured was only entitled to lower limit for detached structure separated by clear space under homeowners policy.

The California Second District Court of Appeal affirmed the trial court’s order which held that it is within trial court’s discretion to adjudicate legal issues related to property loss before requiring appraisal of the damaged property.

The California Second District Court of Appeal affirmed the trial court’s judgement that the a insurer was entitled to appoint panel counsel and to control the defense of a lawsuit after withdrawing a reservation of rights which had created a conflict of interest entitling the insured to independent counsel.

The California Second District Court of Appeal affirmed the trial court’s entry of summary judgment which held that assault and battery exclusion in policy unambiguously applies to bar coverage of injuries sustained by nightclub dancer caused by a third party patron.

The California Second District Court of Appeal states that a commercial property policy afforded coverage for potential loss of rental income, notwithstanding that the rental agreement was not in place at the time when the building sustained damage as a result of vandalism.

The United States Ninth Circuit Court of Appeals upheld a ruling that demand letters received from the EPA trigger duty to defend under liability policy promising to defend “suits” under Oregon law.

The California Sixth District Court of Appeal affirmed the decision that insurers’ reservations of rights regarding the number of occurrences, exclusion of damages outside policy periods and general reservation of rights does not trigger a right to independent counsel for the defense of underlying pollution claims.

The California Second District Court of Appeal affirms the ruling that an insurer affording underinsured benefits was entitled to pro rata contribution from the insured’s direct carrier based on the absence of statutorily permitted exclusions barring coverage under the insured’s policy.