Edwards Wildman’s Robert W. DiUbaldo will participate on a panel hosted by Perrin Webinar entitled:  Sports Concussion Litigation- Latest NCAA and High School Research, Developments and Findings …
Read More Webinar: Sports Concussion Litigation- Latest NCAA and High School Research, Developments and Findings

In the case of (1) Mr Abraham Figurasin (2) Mrs Maricel Palo-Figurasin v Central Capital Ltd and Paragon Personal Finance Ltd [2014] EWCA Civ 504, the Court of Appeal dismissed Central Capital Limited’s appeal. …
Read More UK: Consumers’ Failure to Read Loan Documents Does Not Mitigate a Firm’s Obligation to be Clear, Fair and Not Misleading

In a decision issued on February 28, 2014 but published only recently, the Superior Court of Delaware addressed an issue of first impression and found that under New York law, horizontal exhaustion does not apply to excess insurance policies. …
Read More Delaware Court Applies Horizontal Exhaustion to Excess Insurance Policies Under New York Law

On April 17, 2014, the President’s Working Group on Financial Markets (“PWG”) released its report (the “Report”) to Congress on the state of terrorism risk insurance, as required under the Terrorism Risk Insurance Act (“TRIA”). …
Read More PWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues

On April 15, 2014, legislation was passed in Vermont enhancing the state’s captive law. H.563, known as “An Act Relating To Captive Insurance Laws And Accreditation Standards,” allows a “dormant” captive to maintain licensing status within Vermont. …
Read More “Dormant Status” Now Granted Under Vermont Captives Law

The U.S. Department of Labor (“DOL”) has given final approval for Intel Corp. to use its Hawaii-based captive insurer to reinsure group term life insurance and accidental death and dismemberment policies issued by Minnesota Life Insurance Co. …
Read More U.S. Department of Labor Gives Final Approval for Intel Corp. to Use its Hawaiian Captive Insurer to Fund Certain Employee Benefit Risks

New York’s latest budget agreement was announced on March 30, 2014 and includes a measure to provide the Department of Financial Services (“DFS”) with authority to issue licenses to title insurance agents for the first time. …
Read More New York to License Title Insurance Agents for the First Time

The Texas Department of Insurance (TDI) has adopted new rules implementing provisions of the Texas Insurance Code that remove regulatory barriers for captives. The new rules go into effect on April 27, 2014. …
Read More Texas Regulators Adopt Rules Implementing Captive Insurance Laws

The New York Department of Financial Services (“DFS”) has issued subpoenas to four insurers as part of an ongoing probe into violations of U.S. trade sanctions against Iran. …
Read More Four Insurers Subpoenaed as Part of Iranian Sanctions Investigation; Suspected of Insuring Foreign Commodities Trader Accused of Violating Trade Sanctions against Iran