Though currently shadowed by healthcare reform efforts that have dominated the congressional schedule this fall, the push to enact a financial regulatory overhaul has been making steady progress in Congress.
New York Appellate Court: Claims Against Manufacturer of Ear Protectors Barred by Statute of Limitations
By Troutman Pepper Locke on
Earlier this month, a New York appellate court held that claims against the manufacturer of protective devices for ears were barred by the three-year statute of limitations governing actions to recover damages for personal injury. …
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Chinese Drywall – Federal Judge Issues Default Against Chinese Drywall Manufacturer
By Troutman Pepper Locke on
A federal judge in New Orleans has defaulted a defendant, Taishan Gypsum Company, in a products liability class action lawsuit. The Judge held Taishan Gypsum in default because it failed to respond to a class action complaint. Taishan Gypsum allegedly is one of the largest manufacturers of Chinese drywall.
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Standard & Poor’s Releases Report on Brazilian Reinsurance Market
By Troutman Pepper Locke on
Posted in Latin American Developments
Standard and Poor’s recently released a report on the Brazilian reinsurance market entitled “Brazil’s Reinsurance Market: What Has Changed in the Past Year?” …
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Connecticut Superior Court Grants Summary Judgment for Insurer in Lawsuit Involving Uninsured Motor Vehicle Claim and Common Law and Statutory Bad Faith Claims
An insurer represented by Edwards Angell Palmer & Dodge attorneys John Hughes and Julia Ulrich was recently granted summary judgment by the Connecticut Superior Court in a lawsuit involving a claim for uninsured motorist coverage, and also alleging common law and statutory bad faith against the insurer.
Connecticut Federal Court Awards Summary Judgment in Favor of Insurer Due to Insured’s Failure to Cooperate
By Troutman Pepper Locke on
A Connecticut district court recently awarded summary judgment in favor of an insurance company due to the insured’s failure to cooperate in the insurer’s investigation of a claim.
Public Hearing on Massachusetts Information Security Regulations
On September 22, 2009, Socheth Sor of Edwards Angell Palmer & Dodge LLP testified at a public hearing before the Massachusetts Office of Consumer Affairs and Business Regulation (“OCABR”) in Boston regarding 201 CMR 17.00, Standards for the Protection of Personal Information of Residents of the Commonwealth (the “Regulations”).
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Democrats Agree to Scale Back Emerging Financial Regulatory Reform Bill
By Troutman Pepper Locke on
Posted in Federal Legislative Developments, United States
In an attempt to win broader support for emerging legislation to reform the financial industry, House Financial Services Committee Chairman Barney Frank (D-MA) moved to change one of the proposal’s more controversial provisions – the creation of a Consumer Financial Protection Agency (CFPA). …
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California Appellate Court Applies Government Contractor Immunity Defense to Boilers on Naval Vessels in Asbestos-Related Decision
By Troutman Pepper Locke on
Earlier this month, a California appellate court held that the government contractor immunity defense applies to a boiler manufactured to United States Navy specifications, shielding the manufacturer from a design defect claim. …
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Report from the NAIC Fall Meeting – Vice President Biden Addresses State insurance Commissioners on Healthcare Reform
Vice President Joseph Biden spoke yesterday at the NAIC Fall meeting taking place near Washington DC, and he used the opportunity to seek the support of state insurance commissioners for the Government’s proposals for national healthcare reform.…