The Wisconsin Court of Appeals recently ruled that “negligent misrepresentation” claims against the Archdiocese of Milwaukee arising from alleged molestation by priests are not covered under the Archdiocese’s CGL policy.
Read More Wisconsin Court: “Negligent Misrepresentation” Claims By Molestation Victims Against Archdiocese Are Not Covered Under CGL Policy
New Jersey Appellate Court Affirms Denial of Coverage for Attorneys’ Failure to Disclose Potential Malpractice Claim
The Superior Court of New Jersey, Appellate Division, recently affirmed a trial court’s decision to deny coverage to an attorney and his law firm who had been sued in an underlying malpractice action. …
Read More New Jersey Appellate Court Affirms Denial of Coverage for Attorneys’ Failure to Disclose Potential Malpractice Claim
UK: The Financial Services Authority Fines Scottish Equitable plc £2.8 Million
On 15 December 2010 the Financial Services Authority (FSA) issued a final notice informing Scottish Equitable plc of the £2.8 million financial penalty levied on it for breaches of FSA Principle 3 that occurred between 2002 and 2010. …
Read More UK: The Financial Services Authority Fines Scottish Equitable plc £2.8 Million
UK: FSA Releases Updated Remuneration Code
On 17 December 2010, the FSA published an updated Remuneration Code to account for the changes required by the EU Capital Requirements Directive (CRD 3). CRD3 aims to harmonise principles of remuneration across the EU. …
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UK: OFT to Launch Market Study into Private Healthcare
On 14 December 2010, the UK’s Office of Fair Trading (OFT) announced that it is to undertake a study of competition in the UK private healthcare market. Such studies, which typically last for 6-12 months, can lead to the OFT making recommendations to government on how competition could be improved and/or a full market investigation reference to the Competition Commission (CC). …
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UK: Lloyd’s Announces New Strategy for 2011
On 6 December 2010, Lloyd’s published its strategy for 2011 with a strong emphasis on intensifying its regulatory function. …
Read More UK: Lloyd’s Announces New Strategy for 2011
UK: High Court Approves Scheme of Arrangement for German Companies
On 14 December 2010 the English Court sanctioned four connected schemes of arrangement for German companies in the Tele Columbus group. …
Read More UK: High Court Approves Scheme of Arrangement for German Companies
Healthcare News From Capitol Hill and The Department of Health and Human Services – December 20, 2010
Lawmakers worked to complete their legislative “to do” list during the lame duck session of Congress, including tax relief legislation, a continuing resolution to keep the government running into next year in the absence of regular FY 2011 appropriations bills, and a host of other end-of-session priorities. In health-related news, such priorities included a one year patch to prevent deep reimbursement cuts from impacting physicians. In addition, two legal challenges to the new healthcare reform law also made headlines last week. …
Read More Healthcare News From Capitol Hill and The Department of Health and Human Services – December 20, 2010
Virginia Court Follows First Circuit’s Genzyme Reasoning, Rejects Carrier’s Bid to Recoup $15mm D&O Payout
Following the reasoning of the First Circuit in its Genzyme decision (see prior blog entry here), a federal court in Virginia has granted summary judgment to an insured whose carrier had sued to recoup a $15 million settlement under a D&O policy. Houston Casualty Company v. Sprint Nextel Corporation, No. 09-cv-1387 (E.D.Va. Nov. 22, 2010). …
Read More Virginia Court Follows First Circuit’s Genzyme Reasoning, Rejects Carrier’s Bid to Recoup $15mm D&O Payout
Obama Administration Sues BP and Others For the Deepwater Horizon Disaster
The federal government filed a lawsuit yesterday in federal district court in New Orleans — U.S. v. BP Exploration & Production Inc., et al. – seeking damages under the Clean Water Act and the Oil Pollution Act for all costs and harms caused by the BP disaster, including damages to the environment. …
Read More Obama Administration Sues BP and Others For the Deepwater Horizon Disaster