“[A]ll liability policies” issued or delivered in New York on or after January 17, 2009 will be subject to the recent Legislation promulgated under Chapter 388 of the Laws of 2008 (the “Legislation”). The New York Insurance Department (“Department”) has issued Circular Letter No. 26 (2008), dated November 18, 2008, to remind liability insurers writing property/casualty policies of the changes resulting from the new law, and also to clarify certain aspects of the Legislation.
UK: Lloyd’s Legislative Reform Order: Amendments to Lloyd’s Byelaws
By Troutman Pepper Locke on
Posted in Lloyd's, United Kingdom
We have reported previously on the progress of the Lloyd’s Legislative Reform Order (LRO) through the UK Parliament and on the consultation by Lloyd’s in relation to the proposed amendments to the Lloyd’s Byelaws (you can see our most recent post by clicking here).
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UK: FSA Lifts Short Selling Ban
We reported last week that the FSA was consulting on whether to lift its ban on short selling of stocks in financial companies and certain amendments to the disclosure rules in connection with short positions (see the post by clicking here).
Cornerstone Report: Securities Class Action Filings Soar in 2008 Due to an Increase in Filings Against Financial Services Firms
By Troutman Pepper Locke on
Posted in D&O Liability, United States
Cornerstone Research, in cooperation with Stanford Law School’s Securities Class Action Clearinghouse, recently released its report on federal securities class action filings in 2008.
Mexico: Major Insurance and Reinsurance Developments in 2008
By Troutman Pepper Locke on
Posted in Latin American Developments, Regulatory
Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Mexico stands out as particularly significant given the size of the market involved.
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Costa Rica: Major Insurance and Reinsurance Developments in 2008
By Troutman Pepper Locke on
Posted in Latin American Developments, Regulatory
Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Costa Rica stands out as particularly significant given the the fundamental nature of the developments seen there in the past year. …
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Chile: Major Insurance and Reinsurance Developments in 2008
By Troutman Pepper Locke on
Posted in Latin American Developments, Regulatory
Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Chile stands out as particularly significant given the size of the market involved. …
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Brazil: Major Insurance and Reinsurance Developments in 2008
By Troutman Pepper Locke on
Posted in Latin American Developments, Regulatory
Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Brazil stands out as particularly significant given the size of the market involved and the fundamental nature of the developments seen there in the past year.
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Argentina: Major Insurance and Reinsurance Developments in 2008
By Troutman Pepper Locke on
Posted in Latin American Developments, Regulatory
Although all of the Latin American jurisdictions had notable regulatory and market developments in 2008, Argentina stands out as particularly significant given the size of the market involved and the fundamental nature of the developments seen there in the past year. …
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Presentacion Electronica Gratis: Mercados (Re)emergentes: Sucesos Importantes en Los Mercados Latinoamericanos de Seguro y Reaseguro
By Troutman Pepper Locke on
Posted in Industry Developments, Latin American Developments
Los mercados latinoamericanos de seguro y reaseguro siguen creciendo para servir las economias dinamicas de la region y la creciente demanda consumidora. Previamente cerrados a competicion extranjera en los areas de seguro y reaseguro, los paises latinoamericanos siguen liberalizando sus sistemas regulatorios para conformar con los requisitos de acuerdos de comercio libre con los Estados Unidos y Europa y para satisfacer a demandas nacionales para mejores productos y precios.