Jurisdiction: European Union

National Association of Insurance Commissioners States That the United States Will Gain Solvency II Equivalence

Nov 22, 2011 | , , | ,

In a statement last week, Therese Vaughn, Chief Executive Officer of the National Association of Insurance Commissioners (the NAIC”), stated that the state-based regulatory system in the United States should be deemed equivalent to the Europe Union’s Solvency II regulatory process.  According to Vaughn, while the United States will not have a single set of rules like the European Union, the state-based works and has been tested by the recent financial crisis. 

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EU: Advocate General Gives Opinion in Relation to the Insurance of Injuries Caused by Unauthorised Drivers

Oct 5, 2011 | |

This case (Case C-442/10, Churchill Insurance Company Limited v Benjamin and Tracy Evans v Equity Claims Limited) which arose out of two references to the European Court of Justice (ECJ) made in separate cases before the English courts, concerned an issue unique to the system of vehicle insurance in the UK. In the UK, motor insurance policies are personal policies, such that only the person insured, or drivers nominated by the insured, are covered for damage caused while driving the vehicle. 

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Edwards Angell Palmer & Dodge and Wildman, Harrold, Allen & Dixon LLP Announce Merger

Aug 15, 2011 | , , , , , , | , , , ,

The law firms of Edwards Angell Palmer & Dodge LLP and Wildman, Harrold, Allen & Dixon LLP today announced that they will merge on October 1, 2011 (you can read the press release here).   The new firm, with 13 offices and 650 lawyers, will be known as Edwards Wildman Palmer LLP. 

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EU: European Court of Justice Rules That Same-Sex Couples Should Enjoy Equal Pension Rights

Jun 1, 2011 |

In Römer v Freie und Hansestadt Hamburg (Romer), a reference was made to the European Court of Justice (the ECJ) for a preliminary ruling concerning the interpretation of Council Directive 2000/78/EC (concerning a general framework for equal treatment in employment and occupation) (the Directive) and of European legislation relating to discrimination on the grounds of sexual orientation in employment and occupation. 

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UK/EU: Ash Cloud Constitutes “Extraordinary Circumstances” for Airlines Under EC Regulation 261

May 18, 2011 | | ,

The ash cloud from Iceland’s Eyjafjallajokull volcano that shut down much of Europe’s air space in April 2010 has been held to be an example of “extraordinary circumstances” under Art 5(3) of EC Regulation 261/2004 (the Regulation), exempting airlines from paying compensation for the cancellation of flights. 

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