InsureReinsure.com
"This blawg "provides a one-stop resource for those in the insurance and reinsurance business to learn about industry and legal developments in the United States, United Kingdom, European Union, Bermuda and Hong Kong. The blog provides regular updates on topical industry issues including the subprime and credit crisis, follows the fortunes and follows the settlements decisions, Solvency II, U.S. Supreme court decisions involving directors and officers and medical/pharmaceutical products, coverage developments including those involving extra-contractual obligations, Lloyd's market reforms, regulatory and legislative developments, and Katrina-related coverage litigation."
Author: Edwards Angell Palmer & Dodge has 10 U.S. offices and one in London.
Blawg Related Categories: Natural Disasters • Insurance Law • International • Europe • United Kingdom • Law Firm
Recent Posts from InsureReinsure.com
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Ecuador: Liberty Mutual Insurance Europe Limited Obtains Foreign Reinsurer Authorization
Liberty Mutual Insurance Europe Limited (LMIE) was recently granted authorization by Ecuadorian insurance regulator la Superintendencia de Bancos y Seguros (SBS) to do business in the country as a foreign reinsurer. LMIE was advised through…
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Chinese Drywall – Florida Insurance Commissioner States that Chinese Drywall Damage Not Covered By Homeowner’s Policies
In a meeting this week with Democrats from the Florida House of Representatives, Florida Insurance Commissioner Kevin McCarty stated that, in his opinion, damages associated with allegedly toxic Chinese drywall are not covered damages under…
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UK: Court Refuses to Imply Concept of Dominant Purpose into Insurance Policy Wording
In Wickham Van Eyck (a firm) v Norwich Union Insurance Limited [2009] EWCH 2625 (Comm), the High Court held that the defendant insurer was bound to indemnify the claimant firm of architects under the terms…
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UK: High Court Refuses to Give Insurer Access to a Firm's Intervention Documents Held by the Law Society
Insurers of solicitors' firms that have been intervened by the Law Society are not entitled to search through all the Law Society's documents for evidence that would enable them to refuse an indemnity, the High…
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Representative Kanjorski Attempts to Form an Insurance Information Office with Regulatory Powers
H.R. 2609, the Insurance Information Act of 2009, was reintroduced into the U.S. House of Representatives on May 21, 2009 by Representative Paul Kanjorski (D-PA). The act would establish the Office of Insurance Information (the “OII”). …
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New York State Insurance Department Announces Cooperation Agreement with El Salvador
On Tuesday, October 29, 2009, New York State Insurance Department (“NYSID”) Superintendent James Wrynn announced that the NYSID entered into a Memorandum of Understanding (“MoU”) with the Superintendencia del Sistema Financiero de El Salvador (“SSF”),…
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Botox Maker Files First Amendment Suit Against the FDA
Allergan, Inc., the maker of the drug Botox, recently filed suit against the Food & Drug Administration, alleging that certain FDA regulations unconstitutionally restrict Allergan’s truthful speech regarding off-label uses of its drug. Allergan, Inc.…
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Southern District of New York Confirms Arbitration Award Dismissing Fraud Claims on Summary Judgment
In a recent decision of the United States District Court for the Southern District of New York, TIG Ins. Co. v. Global Int’l Reins. Co., Ltd., No. 09 Civ. 1289 (Aug. 7, 2009), the court…
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Delaware Court Holds that Endorsement Requires Exhaustion of Separate Retained Limits for Each Lot or Batch of Contaminated Peanut Butter
Stephen Prignano and Denise Kraft, of Edwards Angell Palmer & Dodge, LLP, have obtained summary judgment for Lexington Insurance Company ("Lexington") in an insurance coverage dispute arising out of a salmonella outbreak caused by contaminated…
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Re Under 40s Next Event - Managing Capital in Today's Insurance/Reinsurance Marketplace
Join the Re Under 40s at their next event, Managing Capital in Today's Insurance/R4einsurance Marketplace, sponsored and hosted by Towers Perrin, on December 1 in midtown New York.Panelists will include: Scott Belden, Senior Vice President…