Illinois Insurance Commission, Michael T. McRaith, has been selected by the Secretary of the Treasury as the first Director of the Federal Insurance Office (“FIO”), which was created by the Dodd – Frank financial reform legislation instituted last year. …
Read More Director of Federal Insurance Office Named

United States District Court Judge K. Michael Moore of the Southern District of Florida has recently ruled that a pollution exclusion bars coverage for personal injuries and property damages associated with Chinese drywall. …
Read More Chinese Drywall – Florida Federal Court Rules Pollution Exclusion Bars Coverage

In D Sousa v London Borough of Waltham Forest Council [2011] EWCA Civ 194 the Court of Appeal upheld an insurer’s right to recover a success fee paid under a Conditional Fee Agreement (CFA) as part of the recovery of its costs. …
Read More UK: Court of Appeal – Subrogation and Conditional Fee Agreements

The U.S. District Court for the District of Massachusetts recently held that an exclusion for liability arising out of the physical abuse of anyone in the “care” of the insured applied to claims against a clinic on behalf of a patient of the clinic who was beaten by her adoptive parents. …
Read More Federal Court in Massachusetts Rules That Abuse and Molestation Exclusion Applies To Claims Against Child Services Clinic

The Rhode Island Department of Business Regulation (the “DBR”) recently proposed Insurance Regulation 117, Insurance Issued to Trusts and Associations (the “Proposed Regulation”), in order to “protect the public from a regulatory vacuum by ensuring that insurance issued or renewed in Rhode Island through a trust or association is adequately regulated.” …
Read More Rhode Island seeks to close Regulatory Vacuum in Issuance of Group Policies to Trusts and Associations

New Jersey’s governor signed that state’s Reinsurance and Surplus Lines Stimulus and Enhancement Act (A-2670/S-2010) into law this past Tuesday, March 22 (N.J. Pub. L. 2011, c. 39).
Read More New Jersey Joins New York, Florida In Requiring Lower Reinsurance Collateral