This Simpson Thacher & Bartlett LLP memorandum discusses recent court rulings on global warming claims under general liability policies, the "follow the settlements" clause in a reinsurance treaty, the insurable interest requirement for life insurance policies under Delaware law, pro rata allocation, fax blasting claims under the Telephone Consumer Protection Act (TCPA), and the absolute pollution exclusion for defective drywall claims. The memo also discusses an Ohio court ruling on the availability of excess coverage where a policyholder settles with a primary insurer for less than the policy limits, and a Delaware bankruptcy court's modification of a settlement agreement between the policyholder and insurer.