The third panel of the first day of the PLUS D&O Symposium focused on current issues surrounding Excess and Side A insurance policies. The panel, which consisted of brokers, underwriters and counsel for policyholders, discussed various topics.
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Troutman Pepper Locke
PLUS D&O Symposium: Morning Session II
By Troutman Pepper Locke on
Posted in D&O Liability, United States
During the second morning session at the PLUS D&O Symposium, the panelists discussed the role of mediation in D&O claims resolution and the kinds of recurring issues that arise in the mediation context, as well as the best ways that these problems can be avoided or overcome.
PLUS D&O Symposium: Morning Session I
By Troutman Pepper Locke on
Posted in D&O Liability, United States
During a discussion on the state of securities litigation, a panel comprised of prominent securities litigators discussed trends in securities class actions and legislation that is on the horizon. …
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Live Blogging from the PLUS D&O Symposium: Luncheon with Rudy Giuliani
By Troutman Pepper Locke on
Posted in D&O Liability, United States
This afternoon, Rudy Giuliani, the former mayor of New York City, gave the keynote address at the 2010 PLUS D&O Symposium. …
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Proposed Financial Crisis Responsibility Fee Could Affect Large Insurers
By Troutman Pepper Locke on
President Obama’s proposed Financial Crisis Responsibility Fee, which he unveiled last month, has been included in the 2011 budget proposal released on Monday, February 1, 2010. …
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Obama Proposes Budget That Would End Foreign Reinsurer Tax Advantages
By Troutman Pepper Locke on
President Barack Obama’s recently released proposed Budget of the U.S. Government for the Fiscal Year 2011 (the “Proposed 2011 Budget”) would disallow the deduction for excess non-taxed reinsurance premiums paid to foreign affiliates by a U.S. insurance company. The Proposed 2011 Budget projects that this disallowance would result in tax receipts of $22 million in 2011, and totaling $223 million over the next five years.
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UK: Financial Services Authority Seeks Clarification on Co-Operation with Overseas Regulators
By Troutman Pepper Locke on
Posted in Regulatory, United Kingdom
On Tuesday 2 February 2010, the Financial Services Authority (FSA) went to the Court of Appeal to seek clarification regarding its obligation to co-operate with the Securities and Exchange Commission (SEC). This comes as a result of a High Court judgment last year in favour of two companies which said that the FSA had overstepped its powers by carrying out a request from the SEC to recover certain documents.
Connecticut Appellate Court: Traffic Cop Not “Occupying” a Covered Vehicle at Time Struck is Limited to Workers’ Compensation Benefits
By Troutman Pepper Locke on
The Connecticut Appellate Court recently affirmed a trial court decision barring a police officer from recovering underinsured motorist benefits because he was not “occupying” a covered motor vehicle at the time he was injured and, consequently, is limited to his workers’ compensation remedy by the exclusivity provision contained in Conn. Gen. Stat. § 31-284 (a).
UK: FSA Consults on Effective Corporate Governance
By Troutman Pepper Locke on
Posted in Regulatory, United Kingdom
On 28 January 2010 the FSA issued a consultation paper on effective governance, focusing on significant influence controlled functions and Sir David Walker’s review of corporate governance in banks and other financial firms.
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Ninth Circuit: Automobile Insurer Did Not Engage in Bad Faith by Refusing to Pre-Authorize Treatment Under PIP Coverage
By Troutman Pepper Locke on
In Sadler v. State Farm Mutual Automobile Insurance Company, No. 08-35859 (9th Cir. Nov. 4, 2009), the insureds sued their insurer for bad faith, among other claims, arising from their insurer’s refusal to pre-authorize surgery under the personal injury protection (“PIP”) provision of the automobile insurance policy.