On October 21, the House Judiciary Committee voted to repeal health and medical malpractice insurers’ long-standing federal antitrust exemption.  By a vote of 20-9 in which three Republicans crossed party lines to vote yes, the committee approved H.R. 3596, the Health Insurance Industry Antitrust Enforcement Act of 2009. …
Read More House Committee Votes to Eliminate Insurers’ Federal Antitrust Exemption

Mexico recently issued a US $290 million series of notes to provide cover for earthquake and hurricane damage under the World Bank’s new MultiCat Program, becoming the first country to use the new platform. …
Read More Mexico Becomes the First Country to Issue a Catastrophe Bond Using the New World Bank Platform

The Insurance and Reinsurance Department of Edwards Angell Palmer & Dodge invites you to join them for “Up Against A Chinese Drywall:  Recent Developments in the Ongoing Products Liability and Coverage Litigation” – a complimentary 60 minute webinar to be held Tuesday, October 27, 2009 at 12:00pm EDT / 4:00pm GMT. 

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Read More EAPD WEBINAR: Up Against a Chinese Drywall – Recent Developments in the Ongoing Products Liability and Coverage Litigation

Brazil’s Superintendencia de Seguros Privados (SUSEP) recently released Circular No. 392 confirming the requirements for purchase of foreign insurance and which lines of insurance may be purchased in foreign currency. 

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Read More Brazil’s SUSEP Confirms Requirements for Purchasing Foreign Insurance, Permitted Lines for Purchase in Foreign Currency

Following up on our previous blog on Lord Glennie’s controversial decision in the Scottish Lion solvent scheme of arrangement we can now report that last week the scheme was formally dismissed. …
Read More UK: Scottish Court Formally Dismisses Proposed Scheme of Arrangement

Congressman Rafi Souki, President of the Subcomission on Financial, Banking and Insurance Policy of the Venezuelan National Assembly, recently announced that, within the next several days, the final version of the country’s controversial new insurance law regulating the insurance industry will be approved. 

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Read More Venezuela: New Insurance Law Expected to be Approved in the Next Several Days

Peru’s insurance regulator, the Superintendencia de Banca, Seguros y AFP (“SBS”), recently announced that it has completed its drafting of new proposed regulations regarding microinsurance, which will now be opened for comment. …
Read More Peruvian Regulator Completes New Microinsurance Regulatory Project

This week, Wisconsin Governor Jim Doyle announced an emergency rule (the “Rule”) interpreting and implementing Section 632.895 (12m) of the Wisconsin Statutes which mandates that insurers and self-insured health plans provide coverage for the treatment of autism spectrum disorders.  Specifically, Section 632.895 (12m) requires that every disability insurance policy (except

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Read More Wisconsin Announces Emergency Rule for Implementation of Autism Coverage

Jeremy Cox will succeed Matthew Elderfield as CEO of the BMA at the beginning of next year. Matthew Elderfield, the current CEO of the BMA, is stepping down at the end of this year to take up the post of director of financial regulation at the Central Bank of Ireland. 

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Read More Bermuda: Cox appointed CEO of the Bermuda Monetary Authority (BMA) Effective 1 January 2010