Jurisdictions

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On 6 March 2012, the UK Financial Services Authority (FSA) published guidance on the information which firms must provide when contacting customers who may have been missold payment protection insurance (PPI). The new guidance sets out what the FSA considers a customer contact letter should contain and how it should be presented so that it is clear, fair and not misleading. …
Read More UK: FSA Provides Guidance on Customer Letters Following PPI Misselling

In Sherdley & Anr v Nordea Life and Pension SA the Court of Appeal was asked to examine whether the English Court had jurisdiction to try a claim brought by British nationals who were not, at the time proceedings were commenced, resident in the UK. The judge at first instance, Mr Justice Vos, had held that the English Court did not have jurisdiction to try the claim. …
Read More UK: Court of Appeal Confirms it has no Jurisdiction to Hear Consumer Insurance Dispute

Former United States Senator Alfonse M. D’Amato, Connecticut attorney and insurance expert Thomas F.X. Hodson, and former Superintendent of the New York State Insurance Department Gregory V. Serio announced on March 9, 2012 the formation of Charter Risk Management Services, LLC, a new full service captive insurance company management firm. …
Read More Charter Risk Management Services, LLC Formed as Full Service Captive Management Firm in Connecticut

In a 51-48 vote on March 1, the Senate rejected a controversial amendment that would have allowed health plans to decline to cover health services to which the plan or its sponsor has a moral or religious objection. The amendment would have reversed a rule that was created pursuant to the Patient Protection and Affordable Care Act (PPACA). …
Read More Healthcare Update: Senate Rejects Anti-Contraception Amendment; State Budget Shortfalls Put Medicaid and Other Programs at Risk; NJ Postpones Long-Term Care Overhaul

The Law Society of England and Wales and the Solicitors Regulation Authority (SRA) have been granted leave by the High Court to intervene in the case of Godiva Mortgage Limited v Travelers Insurance in which Travelers is arguing that it is entitled to cap cover by aggregating claims made against its insured, Willmett Solicitors, a Berkshire firm now in liquidation. …
Read More UK: Law Society and Solicitors Regulation Authority Join Forces to Intervene in a Landmark Professional Indemnity Insurance Case

In February 2012, the New York State Department of Financial Services (DFS) announced that it is launching a “wide-ranging probe into the accuracy of the data used by insurers and health maintenance organizations (HMOs) to request health insurance rate increases.” …
Read More N.Y. Regulators Launch Audit of Health Insurance Rates