Eithne McCarthy, from the Financial Services Unit of the European Commission’s Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society’s Competition Section on 13 April 2010. …
Read More EU/UK: Presentation by Eithne McCarthy – the new Insurance Block Exemption Regulation

On 15 April 2010, the European Commission (Commission) published for consultation draft technical specifications for the QIS5 exercise. 

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Read More EU: Solvency II: draft technical specifications for fifth Quantitative Impact Study (QIS5) published

In Ian Hall v (1) Newall Heating Limited; (2) AGF Insurance Limited (March 2010) unreported, the court held that Mr Hall, who is suffering from mesothelioma caused by exposure to asbestos, could not identify AGF Insurance (AGF) as being liable, pursuant to the provisions of the Third Party (Rights against Insurers) Act 1930, to satisfy a default judgment obtained against Newall Heating (Newall). 

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Read More UK: High Court rules on existence of insurance policy

United States Senator Bill Nelson (D-Fla.) reports that, this week, Chinese president Hu Jintao told him this week that he would investigate problems with Chinese manufactured drywall. 

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Read More Chinese Drywall – Chinese president says that he will look into drywall responsibility

Nick Pearson, a partner in EAPD’s Insurance and Reinsurance Department, has been appointed by New York Insurance Superintendent James Wrynn to serve on the New York Insurance Exchange Working Group. 

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Read More EAPD Partner Appointed to NY Insurance Exchange Working Group

As the Eyjafjallajökull volcano continues to erupt and the dust cloud over much of Europe continues to hang in the air, approximately 16,000 flights each day are being canceled without any certainty as to when normal flight schedules can resume. 

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Read More Eyjafjallajökull Volcano’s Flight Disruption Leads to Uncovered Losses and New Types of Coverage for Airlines

The New York Insurance Department has proposed a fourteenth amendment to Regulation 64, Unfair Claims Settlement Practices and Claims Cost Control Measures (the “Proposed Amendment”). 

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Read More New York Seeks Comments on Draft Amendment Restricting Release Terms

The ReMedi Spring Conference: Insurance and Reinsurance Mediation in the 21st Century will take place on Wednesday, May 12, 2010 from 1:00 p.m. – 5:15 p.m. at Edwards Angell Palmer & Dodge, LLP, 750 Lexington Avenue, New York, NY. 

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Read More The ReMedi Spring Conference: Insurance and Reinsurance Mediation in the 21st Century