Alan Levin (Hartford, practice co-chair), Chuck Welsh (Hartford), Patrick Gennardo (New York), Brent Austin (Chicago), and Mohana Terry (New York) are attending the American Council of Life Insurers (“ACLI”)  Annual Conference in Orlando, Florida, from October 16 through October 18. …
Read More Edwards Wildman Attorneys Attend ACLI Annual Conference

At its meeting on October 11, 2011, the Financial Stability Oversight Council (FSOC) issued a second notice of proposed rulemaking and proposed interpretive guidance as to the determination of nonbank financial companies that are systemically important financial institutions (SIFIs). …
Read More FSOC Proposes Regulations and Guidance Re SIFIs

HHS ANNOUNCES AWARDS FOR COMMUNITY HEALTH CENTERS

The Department of Health and Human Services (HHS) recently announced that 904 community health centers have been awarded $47 million in grants to enhance the coordination and quality of healthcare nationwide. …
Read More Healthcare Update: HHS Announces Community Health Center Awards; CMS Report Addresses Recovery Audit Contractors; Super Committee Hears from Healthcare Providers

On October 6, 2011, the Florida Office of Insurance Regulation (“FOIR”) announced that the FOIR entered into reduced collateral agreements with Lloyd’s of London to 20% pursuant to Section 690-144.007 of the Florida Administrative Code (the “Rule”). …
Read More Florida Agrees to Reduce Collateral Requirements for Lloyd’s

In National Union Fire Insurance Co. v. Source One Staffing, LLC, the Supreme Court of New York County was asked to consider the interrelationship of three statutes: the McCarran-Ferguson Act (15 U.S.C. § 1101 et seq.), the Federal Arbitration Act (“FAA”) (9 U.S.C. § 1 et seq.), and the California Insurance Code (Cal. Ins. Code § 11658). …
Read More New York Court Errs in Consideration of Interplay Between California Insurance Code, McCarran-Ferguson, and Federal Arbitration Act

In the case of A & 3 ORS v (1) B (2) X [2011] EWHC 2345 (Comm), an application was made under s.24(1)(a) of the Arbitration Act 1996 (the Act) to remove a sole arbitrator and to challenge a partial award for serious irregularity under s.68(1) of the Act. …
Read More UK: Bias and Serious Irregularity Within the Arbitration Act

This case (Case C-442/10, Churchill Insurance Company Limited v Benjamin and Tracy Evans v Equity Claims Limited) which arose out of two references to the European Court of Justice (ECJ) made in separate cases before the English courts, concerned an issue unique to the system of vehicle insurance in the UK. In the UK, motor insurance policies are personal policies, such that only the person insured, or drivers nominated by the insured, are covered for damage caused while driving the vehicle. …
Read More EU: Advocate General Gives Opinion in Relation to the Insurance of Injuries Caused by Unauthorised Drivers

We’d like to welcome you to our new firm, Edwards Wildman Palmer LLP. On August 15, the law firms of Edwards Angell Palmer & Dodge and Wildman, Harrold, Allen & Dixon announced they would officially merge on October 1 – and here we are! …
Read More Announcing Edwards Wildman Palmer LLP!

On September 23, 2011, the head of the Connecticut Insurance Department (the “CID”), Commissioner Thomas Leonardi, announced the signing of a memorandum of understanding (“MoU”) with the Swiss Financial Market Supervisory Authority (“FINMA”), the governmental body responsible for financial regulation in Switzerland. …
Read More Connecticut Insurance Department enters Cooperation Agreement with Swiss Regulators