On May 28, 2010, the last business day before the June 1, 2010 effective date for the Red Flags Rule, the Federal Trade Commission issued a press release announcing another extension of the enforcement date. 

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Read More Breaking News: FTC Extends Effective Date of Red Flags Rule to December 31, 2010

In Justin Mayhew v (1) Philip King (2) Milbank Trucks Ltd (Defendants) & Chaucer Insurance plc (Third Party and Part 20 Claimant) v Towergate Stafford Knight Company Limited & Ors Sir Edward Evans-Lombe held that a term of a settlement agreement which stated that a right to an indemnity would cease if the party with the benefit of the indemnity went into administration was contrary to the anti-deprivation principle and would be struck out. …
Read More UK: High Court confirms operation of the anti-deprivation principle

The Court of Appeal handed down its judgment in Commissioners for Her Majesty’s Revenue and Customs v Insurancewide.com Services Limited and Trader Media Group Limited [2010] EWCA Civ 422 on 22 April 2010. 

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Read More UK: Court of Appeal Rules on VAT Exemption for Insurance Intermediaries

A California jury recently returned a verdict in favor of Allergan, Inc., in a trial involving claims that Allergan’s promotion of an off-label use of its drug Botox caused the death of a pediatric patient suffering from cerebral palsy. 

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Read More Jury Finds in Favor of Botox Manufacturer in Off-Label Use Trial

The 11th Circuit Court of Appeals recently relied upon the learned intermediary doctrine in affirming summary judgment in favor of Smithkline Beecham Corp. (“SBC”) in a lawsuit claiming that the antidepressant Paxil caused the decedent to commit suicide. …
Read More Learned Intermediary Doctrine: Eleventh Circuit Upholds Summary Judgment in Favor of Manufacturer in Lawsuit Claiming Antidepressant Caused Suicide

The Financial Services Authority (FSA) has recently published a report entitled “Anti-bribery and corruption in commercial insurance broking: Reducing the risk of illicit payments or inducements to third parties“. …
Read More UK: Report published on anti-bribery and corruption in commercial insurance broking

Prospects are mixed for the Central American insurance sector in 2010, according to a study by Fitch Ratings, with countries such as Costa Rica expected to build on their healthy growth in 2009 while others struggle to recover from the global downturn. …
Read More Fitch Ratings Views Central American Insurance Prospects As Mixed

The Court of Appeal has asked for guidance from the Court of Justice of the European Union on the compatibility with Community law of a provision in the Road Traffic Act 1988 (the RTA) governing an insurer’s right of recovery. 

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Read More UK: Court of Appeal seeks guidance from Europe on an insurer’s right of recovery under the Road Traffic Act 1988

In the case of Kris Motor Spares Limited v Fox Williams LLP [2010] EWHC 1008 the High Court was asked to consider whether the successful party’s after the event insurance premium was reasonable and as such could be recovered from the other side. …
Read More UK: Court Considers the Recoverability of After the Event Insurance Premium