At London’s Royal Courts of Justice today Mr Justice Burton handed down a hugely important decision regarding the trigger for employers’ liability policies in the context of long tail asbestos diseases.
Read More UK: EL Policies Triggered by Exposure to Asbestos and Not Development of Disease
Jurisdictions
Aon General Counsel Testifies Before House Committee on Financial Services on Proposed Insurance Program to Restore Liquidity to Financial Institutions
By Troutman Pepper Locke on
On Tuesday, November 18, 2008, the House Committee on Financial Services held a hearing regarding oversight of the Economic Stabilization Act of 2008 (the “Act”), government lending and insurance facilities, and their impact on the current economy and credit availability. …
Read More Aon General Counsel Testifies Before House Committee on Financial Services on Proposed Insurance Program to Restore Liquidity to Financial Institutions
UK: FSA’s View of Life Insurance
By Troutman Pepper Locke on
Sarah Wilson, Director and Insurance Sector Leader at the FSA has given a speech on the FSA’s view of life insurance. She acknowledged that the insurance sector was coming under increased attention as a result of the turbulence in financial markets but stressed that it was stronger and better placed to deal with the stressed market conditions than during the last bear market of 2003
Florida Supreme Court Holds Workers’ Compensation Attorney’s Fee Statute Ambiguous
By Troutman Pepper Locke on
Posted in Florida Developments, United States
In a recent decision, the Florida Supreme Court found that the statutory formula for calculating attorney’s fee awards for disputed workers’ compensation claims is ambiguous and held that the awards should be determined using a multi-factor reasonableness test. …
Read More Florida Supreme Court Holds Workers’ Compensation Attorney’s Fee Statute Ambiguous
Royal Commission on Environmental Pollution Issues Report on Nanotechnology
By Troutman Pepper Locke on
The Royal Commission on Environmental Pollution (RCEP) was appointed “to advise [the UK government] on matters, both national and international, concerning the pollution of the environment; on the adequacy of research in this field; and the future possibilities of danger to the environment.” …
Read More Royal Commission on Environmental Pollution Issues Report on Nanotechnology
UK: Lloyd’s Reform Order Comes into Force
By Troutman Pepper Locke on
Posted in Lloyd's, United Kingdom
We have reported previously on the progress of the Lloyd’s Legislative Reform Order (LRO) through Parliament (our most recent post can be found by clicking here). The LRO came into force today, Wednesday 19 November 2008. …
Read More UK: Lloyd’s Reform Order Comes into Force
11th Circuit Asks Florida Supreme Court to Decide Whether Liability Policy Covers Injury Caused by Faxing Unsolicited Advertisements
The United States Circuit Court of Appeals for the Eleventh Circuit has asked the Florida Supreme Court to decide if liability insurance policies cover damages for violations of a federal law prohibiting the transmission of unsolicited advertisements by facsimile. …
Read More 11th Circuit Asks Florida Supreme Court to Decide Whether Liability Policy Covers Injury Caused by Faxing Unsolicited Advertisements
FDIC Chairman Indicates that FDIC’s Powers Could Extend to Insurers
By Troutman Pepper Locke on
Posted in Regulatory, United States
As reported in our previous blog posts here and here, Congress has for some time been considering an Optional Federal Charter that would allow insurance companies to choose between state and federal regulation. As an outgrowth of this concept and in light of the recent the federal bailout of insurance giant America International Group, Congress is now considering expanding the power of the Federal Deposit Insurance Corp. (“FDIC”) to cover insurance companies. …
Read More FDIC Chairman Indicates that FDIC’s Powers Could Extend to Insurers
Urgent Information on Security Policies for Companies with Employee, Customer or Other Relationships with Massachusetts Residents
By Troutman Pepper Locke on
Edwards Angell Palmer & Dodge LLP has recently drafted two Client Advisories related to Massachusetts data security requirements. Click here and here to view the Advisories. They describe new requirements imposed by Massachusetts to be effective May 1, 2009 mandating procedures to be put into effect to protect personal information
UK: Asbestos Trigger Judgment Expected as Public Warned of the “Hidden Killer”
By Troutman Pepper Locke on
On Friday 21 November the High Court is expected to publish its keenly awaited decision in the asbestos employers’ liability “trigger” test cases, which will decide which employers’ liability policies should respond to asbestos claims.
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Read More UK: Asbestos Trigger Judgment Expected as Public Warned of the “Hidden Killer”