The White House released its own healthcare reform bill last week, in preparation for Thursday’s marathon healthcare summit.  Despite its bipartisan billing, that six hour session did not yield tangible progress, leaving Democrats exactly where they were before the summit – faced with the question of how to move comprehensive healthcare reform forward without any help from the minority party. 

…
Read More Last Week in DC: The Healthcare Reform Debate – March 1, 2010

Costa Rica’s Insurance Regulator, Sugese, recently included Aseguradora Mundial on its list of authorized insurers, making Grupo Mundial of Panama the first foreign company with permission to conduct insurance business in the country’s newly liberalized market. 

…
Read More Aseguradora Mundial Becomes First Foreign Company Fully Authorized To Do Insurance Business In Costa Rica

Masefield AG v Amlin Corporate Member Ltd [2010] EWHC 280 (Comm) concerned the interpretation of actual and constructive total loss under the Marine Insurance Act 1906. 

…
Read More UK: Interpretation of Actual and Constructive Total Loss Under the Marine Insurance Act 1906

On February 23, 2010, Jack Dearie and Machua Millett of EAPD’s Insurance and Reinsurance Department presented the group’s annual webinar on Latin American Insurance and Reinsurance issues. 

…
Read More Opportunities and Risks for (Re)Insurers in Latin American in 2010 and Beyond

The Centers for Medicare & Medicaid Services (“CMS”) has revised the timeline for non-group health plan (“NGHP”) reporting under the Medicare secondary payer reporting provisions of Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 (“Section 111”). …
Read More Medicare Secondary Payer Reporting Deadline Extended

On Monday, February 22, Representatives Tom Perriello (D-Va.) and Betsy Markey (D-Colo.) introduced H.R. 4626, the Health Insurance Industry Fair Competition Act, to repeal the McCarran-Ferguson Act antitrust exemption for the business of health insurance. …
Read More House Introduces Health Insurance Bill to Repeal Antitrust Exemption

New requirements making the HIPAA privacy and security rules applicable to business associates of healthcare entities became effective on February 17, 2010.  However, the new requirements, under the the Health Information Technology for Economic and Clinical Health (“HITECH”) Act, may not be enforced immediately. 

…
Read More Business Associate Regulations Effective; Enforcement Uncertain

In Yechiel v Kerry London Limited [2010] EWHC 215 (Comm) the High Court had to decide whether Norwich Union had been notified by Yechiel’s insurance brokers, Kerry London, that Yechiel would be removing jewellery valued at £133,600 from a Selfridges safe deposit box for more than 14 days. 

…
Read More UK: Fabrication of Documents

As previously reported here, the Third Parties (Rights Against Insurers) Bill was introduced into Parliament in November 2009. It is designed, in particular, to remedy the shortcomings of current legislation in protecting the rights of third party claimants against insurers of the liabilities of insolvent defendants. 

…
Read More UK: Third Party (Rights Against Insurers) Bill

Please join the U.S. Reinsurance Under 40s Group at the upcoming “It’s Almost Spring” Happy Hour — March 4, 2010 at Social at 6:00 p.m. — to celebrate the end of the winter. 

…
Read More Join the U.S. Re Under 40s at the “It’s Almost Spring” Happy Hour