Today, Senate Judiciary Committee Chairman Patrick Leahy introduced legislation to eliminate the federal antitrust exemption for health insurance and medical malpractice insurance companies.
Antitrust
Half- day Insurance and Reinsurance Seminars
By Troutman Pepper Locke on
EAPD is delighted to announce that it will again this year host a half-day insurance seminar which will be repeated in Bermuda, New York and Boston. …
Edwards Angell Palmer & Dodge Half-day CLE Insurance & Reinsurance Seminars – June 2009
Edwards Angell Palmer & Dodge is delighted to announce that it will again this year host a half-day seminar which will be repeated in Bermuda, New York and Boston. …
Federal Court Grants Receiver’s Motion to Remand Under the McCarran-Ferguson Act’s Reverse Preemption Doctrine
The United States District Court for the Northern District of Florida granted the receiver for The Aries Insurance Company (“Aries Insurance”) its motion to remand the case. The court remanded the receiver’s action to the state court in accordance with the requirements of the McCarran-Ferguson Act’s reverse preemption doctrine.
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Court Dismisses Third Party Action in Favor of Arbitration
By Troutman Pepper Locke on
Edwards Angell Palmer & Dodge, LLP recently obtained a decision from the U.S. District Court for the Eastern District of New York granting the motion of its clients, American United Life Insurance Company, Inc. (“AUL”) and R.E. Moulton, Inc. (“REM”), to dismiss a third-party action against them in favor of arbitration.
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Court Approves Marsh’s $69 Million Settlement in Insurance Brokerage Antitrust Class Actions
By Troutman Pepper Locke on
A federal district court in New Jersey has granted final approval of a $69 million settlement by Marsh & McLennan Cos. Inc. and other Marsh defendants in In re Insurance Brokerage Antitrust Litigation, 2:04-cv-5184 (D.N.J.), and In re Employee Benefit Insurance Brokerage Antitrust Litigation, 2:04-cv-1079 (D.N.J.).
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Intel Commences Action Against Its Insurer for Coverage of Antitrust Litigation Under “Advertising Liability” Provision of Policy
By Troutman Pepper Locke on
On January 23, 2009, Intel Corp. filed suit against American Guarantee and Liability Insurance Company (“AGLI”), in the United States District Court for the Northern District of California, alleging that AGLI owes a duty to defend Intel in its antitrust litigation with Advanced Micro Devices Inc. (“AMD”). …
Illinois Federal Court Dismisses Antitrust Suit Brought by Institutional Pharmacy Against Insurer
By Troutman Pepper Locke on
On January 16, 2009, United States District Judge Rebecca R. Pallmeyer, of the U.S. District Court, Northern District of Illinois, Eastern Division, granted summary judgment in favor of defendants UnitedHealth Group, Inc. and Pacificare Health Systems, Inc. on all claims in the antitrust litigation with institutional pharmacy Omnicare, Inc.
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U.S. Bond Insurer Clears an Antitrust Hurdle in Acquisition of U.S. Bond Insurance Unit of Belgian Lender
By Troutman Pepper Locke on
Posted in Antitrust, United States
Reuters reports that bond insurer Assured Guaranty Ltd.’s proposed acquisition of Belgian lender Dexia’s U.S. bond insurance unit cleared an antitrust hurdle with the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. …
UK: Meaning of Accident Slips into the Court of Appeal – Barclay v. British Airways
By Troutman Pepper Locke on
Posted in Antitrust, United Kingdom
In our September 2008 Insurance and Reinsurance Review we summarised the decision in Barclay v British Airways (2008 1 CLC 253) in which the Court considered the meaning of “accident” in the context of Article 17.1 of the Montreal Convention 1999 (the Convention).
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