On 16 March 2012, Mr Justice Morgan handed down his judgment on an application for directions on the Part VII transfer of the UK insurance business of the Combined Insurance Company of America (CICA) to ACE European Group Limited (AEG) and ACE Europe Life Limited (AEL) (click here for a copy of the judgment). …
Read More UK: Part VII Transfers: Proactive, Judgment Led, Intrusive Regulation – the Beginning of a Trend?

The Supreme Court has handed down its decision in the Employers’ Liability Insurance Trigger Litigation (see judgment here). The ruling has provided clear rules governing how EL policies should respond to mesothelioma claims. …
Read More UK: Light on the Trigger – Supreme Court Decision in the EL Trigger Litigation

Edwards Wildman partner Vince Vitkowsky authored an article that is part of Business Insurance’s March 19, 2012 special edition on Cyber Risks.  In the article, which you can read here, he addresses cyber attacks with physical effects, which are coming to be referred to as “Industrial Threats.” …
Read More Industrial Threat Cyber Attacks Challenge Business

The European Commission’s Directorate-General Competition (DGC) has issued further questionnaires to a number of co-insurance firms with European subsidiaries. The study, conducted by Ernst and Young, is set to further investigate competitiveness amongst European participants to the subscription market, with a particular focus on whether the automatic upward alignment in premiums is still prevalent in the subscription market. …
Read More EU: Competition Commission Progresses Review of Business Insurance Sector

As the two-year anniversary of the enactment of the Patient Protection and Affordable Care Act (PPACA) approaches, the federal government seems to be accelerating its efforts to provide long-promised guidance to implement the health reform law. …
Read More Healthcare Update: HHS Issues Final Rules for Insurance Exchanges, Medicaid Eligibility, Insurance Plan Coverage and Student Health Insurance Plans

The Massachusetts Division of Insurance has scheduled a hearing to discuss the rate filing made by the Workers’ Compensation Rating and Inspection Bureau of Massachusetts (“WCRIBMA”) requesting that its members’ average rates for industrial classes be increased by 19.3% and its average rates for F-Classes be increased by 20.0%. …
Read More Massachusetts Division of Insurance Schedules March 30th Hearing to discuss Workers’ Compensation Rate Increase Requests

The Court of Appeal has confirmed that a declaratory award under section 66 of the Arbitration Act can be enforced by the English courts in the same manner as a judgment. …
Read More UK: Enforcement of Declaratory Arbitral Awards is Confirmed by the Court of Appeal