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Bloomberg Banking Law Seminar: Banking Regulation and Risk Management Trends in the Credit Crisis

Event | 05.19.09, 12:00 AM UTC - 12:00 AM UTC

BLOOMBERG LAW® invites legal professionals to attend a Banking Regulation and Risk Management Trends in the Credit Crisis seminar, at Bloomberg’s New York City headquarters located at 731 Lexington Avenue at 59th Street, on Tuesday, May 19, 2009. The seminar is co-sponsored by the New York County Lawyers’ Association, CLE Institute. Registration is from 8:00am to 9:00am. The seminar will begin promptly at 9:00am.

Panel Discussions include:

  • Current Regulatory Initiatives to Resolve the Credit Crisis
  • Future Initiatives in Banking Regulation and Risk Management

Insights

Event | 02.20.25

Has the Buss Stopped? Recoupment Today

Has the Buss Stopped? Recoupment Today: In 1997, the California Supreme Court decided Buss v. Superior Court. In Buss, the court concluded that a liability insurer that defended a mixed action could seek reimbursement from the insured for the defense costs associated with the claims that were not even potentially covered. Since then, numerous courts have held that insurers are entitled to recoup their defense costs associated with uncovered claims or causes of action. On the other hand, a significant number of courts have rejected insurers’ right to recoupment, at least in the absence of a policy provision granting the insurer that right. Some commentators have even suggested that the current judicial trend might be away from permitting insurers to recoup their defense costs. Is that correct? Has the Buss stopped? This panel of coverage experts will analyze insurers’ claimed right to recoupment today, and offer their perspectives on what the law on recoupment should perhaps be and might be in the future.