Syed S. Ahmad

Oct 10, 2024 | rmmagazine.com | Syed S. Ahmad |Rachel E. Hudgins |Alex Pappas

On August 2, 2024, Illinois Governor J.B. Pritzker signed amendments to the Illinois Biometric Information Privacy Act (BIPA) that introduce changes that mitigate, but do not eliminate, some potential liabilities. As BIPA exposures persist, businesses must continue to evaluate how their insurance might respond to related lawsuits. Navigating insurance availability in this context presents complex, evolving challenges that often defy straightforward answers.

Jul 24, 2024 | natlawreview.com | Syed S. Ahmad

In the second largest US bank failure since the 2008 global financial crisis, the California Department of Financial Protection and Innovation took over Silicon Valley Bank (“SVB”) on March 10 and appointed the Federal Deposit Insurance Corporation (“FDIC”) as SVB’s receiver. Just two days later, the New York State Department of Financial Services took over another bank, Signature Bank, and appointed the FDIC as receiver.

Jun 28, 2024 | natlawreview.com | Syed S. Ahmad

The Northern District of New York recently denied an insurer’s motion to dismiss a bad faith claim, finding that the complaint alleged that the insurer violated New York’s law against deceptive acts and practices. The statute provides key protections to policyholders and is an important tool that policyholders can leverage against insurers who wrongfully deny coverage. In PAR Technology Corp. v.

Mar 5, 2024 | natlawreview.com | Syed S. Ahmad

A software company—Zywave, Inc. (“Zywave”)—recently filed a lawsuit in California federal court that may provide rare insight into how courts will resolve representations and warranties (“R&W”) insurance coverage disputes. Zywave purchased a buyer-side R&W policy in connection with its acquisition of an insurance product-distribution software company.

Mar 5, 2024 | lexblog.com | Syed S. Ahmad |Kevin Small |Jae Lynn Huckaba

A software company—Zywave, Inc. (“Zywave”)—recently filed a lawsuit in California federal court that may provide rare insight into how courts will resolve representations and warranties (“R&W”) insurance coverage disputes. Zywave purchased a buyer-side R&W policy in connection with its acquisition of an insurance product-distribution software company.