Jurisdictions

Subscribe to Jurisdictions via RSS

The People’s Bank of China (the POBC) announced on 19 June 2010 that the renminbi (RMB) was to exit the peg to the US dollar. China will now determine its exchange rate with reference to a basket of other currencies. …
Read More China: The People’s Bank of China Announce the Renminbi will no Longer be Pegged to the US Dollar

Two recent cases, one from the U.S. Supreme Court and one from the Supreme Court of New Jersey, suggest that companies need to periodically, if not immediately, update their computer and e-mail policies in order to minimize or prevent litigation when employees use the company’s systems for personal messages. …
Read More Recent Court Rulings on Employer Review of Employees’ Electronic Messages – Adjustment to Employer Policies Needed

The Massachusetts Appeals Court recently reaffirmed that jurisdiction’s broad understanding of a general liability carrier’s duty to defend, holding that an insurer had a duty to defend against a claim of trespass first asserted after the expiration of its policy period. …
Read More Massachusetts Court Reaffirms General Liability Insurers’ Broad Duty to Defend

In an unpublished opinion, the Eleventh Circuit recently affirmed the trial court’s decision that a D&O policy does not provide coverage for third-party property damage claims. …
Read More Eleventh Circuit Upholds That D&O Policy Does Not Provide Coverage for Claims Arising Out of Property Damage Under Florida Law

Domestic insurers in China are being encouraged by the China Insurance Regulatory Commission (the CIRC) to grow new business through electronic commerce in order to optimize the structure of sales channels and foster the growth of new business. …
Read More China: China Insurance Regulatory Commission in Call for Insurers to Develop E-Insurance

The Office of the Commissioner of Insurance in Hong Kong has announced that in Q1 of 2010, gross premiums for general (non-life) insurance business grew 16.2% to HK$9.2 billion and net premiums grew 14.4% to HK$6.5 billion compared to Q1 of 2009. However, overall underwriting profits declined from HK$694 million to HK$559 million. …
Read More Hong Kong: General (Non-Life) Insurance Industry’s Q1 Gross Premiums Grow 16.2%

With only a few key differences to overcome, the House and Senate have hammered out several points regarding the creation of an office to monitor the insurance industry as part of the currently debated financial industry reform bill. …
Read More House and Senate Conferees Close on Establishing Federal Insurance Office; Include State Insurance Regulator on Financial Stability Oversight Council