We have previously reported on the UK Financial Services Authority’s (FSA) Client Money and Asset Report (the Report), published in January 2010 (click here to see our previous blog post).
Read More UK Client Money Deadline Approaches
Jurisdictions
EAPD Attends Aviation Insurance Association’s Annual Conference
By Troutman Pepper Locke on
Mark Meyer (London) and Brian Green (New York) of EAPD will attend the Aviation Insurance Association’s Annual Conference in Vancouver, Canada, which begins on Saturday, June 12. …
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Mexico and Alberta Pass New Data Protection Laws
By Troutman Pepper Locke on
Posted in Privacy/Data Security/Cyber Risk, United States
On April 27, 2010, the Mexican Senate passed a data protection law that addresses how private and public entities handle the collection, use and disclosure of personal information of Mexican residents. …
Read More Mexico and Alberta Pass New Data Protection Laws
Court Holds Coverage for Madoff Suits Excluded Under Policy’s Insolvency Exclusion
By Troutman Pepper Locke on
The US District Court for the District of Connecticut recently dismissed a customer suit against an insurer, based upon its determination that all of the underlying claims were excluded by the policy’s Insolvency Exclusion. …
Read More Court Holds Coverage for Madoff Suits Excluded Under Policy’s Insolvency Exclusion
Thousands of Consumers’ Claims for Injuries Arising From Use of Contact Lens Solution Constitute Separate Occurrences
By Troutman Pepper Locke on
Posted in Coverage & Claims, United States
New York District Court recently held that thousands of claims by consumers for injuries arising from use of contact lens solution would be treated as separate occurrences. …
Read More Thousands of Consumers’ Claims for Injuries Arising From Use of Contact Lens Solution Constitute Separate Occurrences
Federal funding for Temporary High-Risk Insurance Pool Program to Begin Summer 2010
In July 2010, some of the first money allocated by the new health care reform law will start flowing to states that have elected to participate in the federal temporary high-risk insurance pool program. …
Read More Federal funding for Temporary High-Risk Insurance Pool Program to Begin Summer 2010
Iowa Supreme Court Upholds Denial of Coverage to Life Insurer For Failure to Disclose Applicants’ HIV Positive Status
By Troutman Pepper Locke on
In Farm Bureau Life Insurance Co. v. Chubb Custom Insurance Co. et al., the Iowa Supreme Court affirmed the district court’s ruling that Farm Bureau was not entitled to liability coverage in its disputes with two applicants that were HIV positive.
Read More Iowa Supreme Court Upholds Denial of Coverage to Life Insurer For Failure to Disclose Applicants’ HIV Positive Status
Federal Court Rules No Coverage for Chinese Drywall Damages Under Homeowner’s Policy
By Troutman Pepper Locke on
Posted in Coverage & Claims, United States
On June 3, 2010 Judge Robert G. Doumar of the U.S. District Court for the Eastern District of Virginia found that a homeowner’s policy did not cover damages associated with Chinese manufactured drywall.
Read More Federal Court Rules No Coverage for Chinese Drywall Damages Under Homeowner’s Policy
Insurers Encourage Green Building
By Troutman Pepper Locke on
Insurers and regulators are addressing Green Building issues at breakneck speed. With state regulators approving new policy endorsements and insurers offering Green Building discounts, insuring properties that are “green” is here to stay.
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New Hampshire Court Dismisses Suit Seeking Coverage Under CGL Policy For Subcontractor’s Faulty Work
By Troutman Pepper Locke on
Posted in Coverage & Claims, United States
EAPD attorneys recently obtained dismissal of a declaratory judgment action seeking coverage under a commercial general liability (“CGL”) policy for the cost of repairing poorly finished concrete. …
Read More New Hampshire Court Dismisses Suit Seeking Coverage Under CGL Policy For Subcontractor’s Faulty Work