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On 12 September 2008, Helen Clark attended the British Insurance Law Association (BILA) Annual Conference. The opening session was lead by the Law Commissioner, Mr David Hertzell, who is heading up the Law Commission’s wide scale review of Insurance Contract Law Reform. …
Read More UK Insurance Contract Law Reform: BILA Annual Conference at Lloyd’s

Five motor dealers have been fined more than £175,000 by the FSA for breaches relating to the sale of PPI alongside motor finance (See: FSA fines five motor dealers for PPI failings). A total of 2175 customers were subsequently put at risk as a result of these breaches. 

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Read More UK: The Financial Service Authority (FSA) has Fined Five Motor Dealers for Breaches Relating to the Sale of Payment Protection Insurance (PPI)

In Allianz Insurance Co Egypt v Aigaion Insurance Co SA [2008] EWHC 1127 (Comm), the English High Court was asked to examine the effect of the term “Deffered [sic] Premium Clause” in the reinsurance slip and to ascertain whether its inclusion was so uncertain as to be of no contractual effect and to make the whole contract ineffective. …
Read More UK: Construction of Deferred Premium Clause in Reinsurance Slip

Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar on the above topic on Monday, September 29, 2008 at 12:00 PM EDT / 5:00 PM BST. …
Read More Edwards Angell Palmer & Dodge Webinar: ‘Mortgage-Backed and Auction-Rate Securities: Structure, Litigation and Insurance Issues’

J, K, P v. Archbishop of Birmingham (QBD 25/7/2008) is one of the first cases decided subsequent to the House of Lords decision in A v. Hoare. The case concerned a procedural matter of whether the issue of limitation in respect of bringing sexual abuse claims should be decided as a preliminary issue or at the substantive trial. …
Read More UK: Judge Refuses to Hear Limitation Defence in Sexual Abuse Claim as a Preliminary Issue

On Tuesday Lloyd’s underwriters along with Zurich Specialties London Ltd commenced proceedings in New York against class action specialists Milberg LLP. Insurers are seeking to rescind certain professional liability insurance policies issued to Milberg’s predecessor firms based on material mispresentations made by the Milberg firm. …
Read More London Insurers Sue Milberg LLP

The FSA has fined LVBS for regulatory failings in the sales processes for PPI policies. (See: Final Notice and  Press Release)  The penalty was imposed in respect of PPI offered to customers who telephoned LVBS seeking unsecured personal loans between 14 January 2005 and 8 August 2007. …
Read More UK: Financial Services Authority (FSA) Fines Liverpool Victoria Banking Services Limited (LVBS) £840,000 for Regulatory Failings in the Sale of Payment Protection Insurance (PPI) Policies

Today, Thursday, August 28, Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar entitled “Insurance Implications of Climate Change”. This 60 minute webinar will comprise a discussion of the global legal framework which recognizes the reality of climate change. 

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Read More TODAY’S WEBINAR: Insurance Implications of Climate Change