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Limited Extension of Automobile Coverage May Be Ambiguous
An insurance policy that allows automatic extension of insurance coverage for a newly-acquired car for "physical damage" but not "auto liability," and contains no language on how to secure the liability coverage, is ambiguous and should be read ...California High Court Agrees to Set Bounds on Punitives
The California Supreme Court on Wednesday agreed to decide the boundaries for punitive damage awards under state law. The court granted review in two cases in which state appeal courts, interpreting a landmark 2003 U.S. Supreme Court opinion on punitives, ended up with drastically different results -- so different that the state Judicial Council has backed off updating its instructions to civil juries until the California high court rules.Deal not grounded by airline industry's woes
Despite turbulence from up-and-down fuel prices and lower demand caused by the recession, the airline industry's woes haven't completely iced the market for the acquisition and leasing of new aircraft.Smith, Gambrell Russell partner Donald B. Mitchell last month advised a subsidiary of CIT Group Inc. on leasing two new aircraft to Compaa Mexicana de Aviacin S.Argued: July 12, 2007Before: POOLER, B.D. PARKER, and WESLEY, Circuit Judges.Judge Wesley dissents in a separate opinion.This consolidated appeal is from the judgments of the United States Di
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