United States

Subscribe to United States via RSS

A Louisiana state Senate Bill, SB 595, would ban insurers from canceling homeowners and commercial property coverage because of Chinese drywall claims.  …
Read More Chinese Drywall – Louisiana Legislature Moves Toward Banning Policy Cancellations and Non-Renewals Based upon Drywall Claims

On Friday April 2, 2010, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Consumer Product Safety Commission (CPSC) issued “interim remediation guidance” to homeowners impacted by Chinese manufactured drywall. 

…
Read More Chinese Drywall – HUD and CPSC Issue Guidance on Remediation of Chinese Drywall

Washington Governor Christine Gregoire recently signed HB 1149 into law.  Under HB 1149, if a person or entity that meets the definition of a “processor” or “business” that fails to take reasonable steps to guard against unauthorized access to credit or debit card account information that is in its possession, and such failure is found to be the proximate cause of a breach, the processor or business is liable to the financial institution for reimbursement of reasonable actual costs related to the reissuance of credit or debit cards, even if the financial institution has not suffered an injury as a result of the breach. 

…
Read More Washington New Credit Card Data Breach Liability Law

The California State Senate approved Senate Bill 1166 on April 15, 2010.  The bill amends sections 1798.29 and 1798.82 of the California Civil Code, which require state agencies and businesses to notify California residents of a data breach, by adding specific content requirements for such notices. 

…
Read More California Proposes Amendment to Data Breach Notification Law

On April 26, 2010, the New York Insurance Department (the “NYID”) proposed a circular letter to provide additional guidance to insurers on the impact of the federal Mental Health Parity and Addiction Equity Act of 2008 (the “Act”).  This proposed circular letter is a supplement to Circular Letter No. 20 (2009), and addresses interim final rules issued subsequent to Circular Letter No. 20 (2009) by the United States Department of the Treasury, Department of Labor and Department of Health and Human Services. 

…
Read More New York Insurance Department’s Proposed Circular Letter Re: the Federal Mental Health Parity and Addiction Equity Act of 2008

More than 40 mediators, attorneys and company representatives have registered for Re/Insurance Mediation Institute’s (ReMedi) Inaugural Mediation Conference.  You can earn 4.5 hours of CLE for $100 if you join them for ReMedi’s Spring Conference, Insurance and Reinsurance Mediation in the 21st Century, on Wednesday, May 12 at Edwards Angell Palmer & Dodge’s New York office. 

…
Read More Last Call: Join More than 40 Reinsurance Professionals at ReMedi’s Mediation Conference in NYC on May 12

The Supreme Court recently issued an important decision regarding the test for determining whether an investment adviser has violated its “fiduciary duty” to a mutual fund by charging excessive fees under §36(b) of the Investment Company Act of 1940. 

…
Read More Supreme Court Upholds Gartenberg Test for Mutual Funds’ Compensation of Investment Advisers