According to Reuters, Pace Plc, a global market leader in digital set-top boxes, which is listed on the London Stock Exchange, has warned that its full-year profits are likely to fall short of internal forecasts as a result of disruption to supply chains from the Japanese Earthquake and Tsunami, which, among other things, devastated Japanese seaports in March 2011. …
Read More UK: Leading UK Digital Technology Developer Hit By Disruption To Supply Chains From Japanese Earthquake and Tsunami

On 9 May 2011, the British Bankers Association (BBA) announced that it would not be appealing the High Court judgment that decided the Financial Service Authority’s complaints handling rules relating to the mis-selling of payment protection insurance (PPI) were lawful. …
Read More UK: British Bankers Association decides not to appeal Payment Protection Insurance judgment

In 2009, Middlesex Mutual Assurance Company denied coverage under a Business Owners Policy for the collapse of a pier owned by its insured, Puerta de la Esperanza (“Puerta”). …
Read More In Pier Collapse Case, Mass. District Court Finds Breach of Contract, But No Duty to Interpret Policy in Favor of Insured

In Pennsylvania, as in many jurisdictions, a liability insurer’s initial duty to defend is determined solely on the basis of the allegations of the complaint in the underlying action. …
Read More Pennsylvania Federal Court Holds That Liability Insurer Must Defend Claim for Negligent Design Because It Is Unclear Whether the Claim Sounds in Contract or Tort

As previously reported here, employers’ liability insurers have sought to challenge the legality of the Damages (Asbestos-related Conditions) (Scotland) Act 2009 (the Act) which permits those suffering with pleural plaques to claim compensation in Scotland. …
Read More UK: Scottish Inner House Finds Pleural Plaques Act Legal

The Connecticut Appellate Court held recently that an exclusion in a liability policy for “Athletic Activity or Sports Participants” precluded coverage for a claim stemming from injuries that a participant in an outdoor team-building exercise allegedly suffered during a rope-assisted free fall from an elevated platform.  Community Renewal Team, Inc. v. United States Liability Ins. Co., AC 31317 (Conn. App., April 19, 2011). …
Read More Connecticut Appellate Court Holds That Athletic Activity Exclusion Applies to Outdoor Team-Building Activity

Numerous states are currently examining certain claims procedures of life insurance companies.  In its most basic form, life insurance is designed to provide a death benefit to a named beneficiary upon the death of the insured life.  State law generally requires that carriers disburse death benefits to the named beneficiary in a timely manner, or, if the beneficiary cannot be located after due diligence, submit the payment to the state under the applicable escheat law.  State regulators are currently examining the manner in which life insurance companies investigate and determine whether a particular insured is deceased, and locate beneficiaries. …
Read More Claims Procedures of Life Insurance Companies Come Under Scrutiny