The Consumer Insurance (Disclosure & Representations) Act 2012 received Royal Assent on 8 March 2012 (click here for the text). It’s short and tolerably clear, but its effect is wider and deeper than you might expect. …
Read More UK: Consumer Insurance (Disclosure & Representations) Act 2012: Summary & Commentary

When a tsunami’s waves recede, they leave behind the flotsam and jetsam that have been caught in their tumultuous path. So too with global financial crises. …
Read More Cleaning Up in the Wake of a Ponzi Scheme: Insurance Coverage for Financial Crime Claims

On 6 March 2012, the UK Financial Services Authority (FSA) published guidance on the information which firms must provide when contacting customers who may have been missold payment protection insurance (PPI). The new guidance sets out what the FSA considers a customer contact letter should contain and how it should be presented so that it is clear, fair and not misleading. …
Read More UK: FSA Provides Guidance on Customer Letters Following PPI Misselling

In a late night finale to a pitched, down-to-the-wire battle between Florida’s House and Senate, the Florida Senate passed an amended PIP reform bill (HB 119) on a narrow 22-17 vote.  The vote came after some heavy lobbying by Governor Rick Scott and others. …
Read More Florida Legislature Passes Compromise PIP Bill

In Sherdley & Anr v Nordea Life and Pension SA the Court of Appeal was asked to examine whether the English Court had jurisdiction to try a claim brought by British nationals who were not, at the time proceedings were commenced, resident in the UK. The judge at first instance, Mr Justice Vos, had held that the English Court did not have jurisdiction to try the claim. …
Read More UK: Court of Appeal Confirms it has no Jurisdiction to Hear Consumer Insurance Dispute

Former United States Senator Alfonse M. D’Amato, Connecticut attorney and insurance expert Thomas F.X. Hodson, and former Superintendent of the New York State Insurance Department Gregory V. Serio announced on March 9, 2012 the formation of Charter Risk Management Services, LLC, a new full service captive insurance company management firm. …
Read More Charter Risk Management Services, LLC Formed as Full Service Captive Management Firm in Connecticut

The Florida Senate and House of Representatives are currently battling over what is, at least, the fourth concerted effort to reform Florida’s personal injury protection coverage law in the last decade. …
Read More Spotlight on Florida PIP Reform Battle Between Florida House and Senate

In a 51-48 vote on March 1, the Senate rejected a controversial amendment that would have allowed health plans to decline to cover health services to which the plan or its sponsor has a moral or religious objection. The amendment would have reversed a rule that was created pursuant to the Patient Protection and Affordable Care Act (PPACA). …
Read More Healthcare Update: Senate Rejects Anti-Contraception Amendment; State Budget Shortfalls Put Medicaid and Other Programs at Risk; NJ Postpones Long-Term Care Overhaul

The Law Society of England and Wales and the Solicitors Regulation Authority (SRA) have been granted leave by the High Court to intervene in the case of Godiva Mortgage Limited v Travelers Insurance in which Travelers is arguing that it is entitled to cap cover by aggregating claims made against its insured, Willmett Solicitors, a Berkshire firm now in liquidation. …
Read More UK: Law Society and Solicitors Regulation Authority Join Forces to Intervene in a Landmark Professional Indemnity Insurance Case