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In a case we have been following on www.insurereinsure.com (click here for our most recent post), the Louisiana Safety Association of Timberman-Self Insurers Fund (“LSAT”) recently filed a supplemental brief petitioning the U.S. Supreme Court to grant certiorari to address whether the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “Convention”) preempts a Louisiana Statute that bars enforcement of arbitration agreements in insurance or reinsurance contracts. …
Read More Cedent Contends that U.S. Supreme Court Should Resolve Circuit Split Concerning Whether Convention Preempts State Law Precluding Arbitration

EAPD’s own Alan Levin, co-chair of the firm’s Insurance and Reinsurance Department, gave his thoughts on the insurance claims process and litigation resulting from the BP Plc oil spill in the Gulf of Mexico, in an interview with Bloomberg’s Lee Pacchia.

To listen to this Podcast, please click here.…

Read More In Bloomberg Podcast, Alan Levin Looks at Liability Issues Arising from the BP Oil Spill

Don’t forget to RSVP for the U.S. Re Under 40s Group event at Katwalk on October 7 at 6:00 p.m. as they host members of the Bermuda Under 40s Re/Insurance Group in New York.  It promises to be an excellent opportunity to meet members of the Bermuda Under 40s Group and network with other members of the U.S. Re Under 40s Group. …
Read More Don’t Forget — Join the U.S. Re Under 40s Group on October 7 at Katwalk

(This post is an excerpt from the full article here, originally published by Bloomberg Finance L.P. in the Vol. 4, No. 9 edition of the Bloomberg Law Reports—Insurance Law. Reprinted with permission.)

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The BP disaster (also referred to as the Deepwater Horizon disaster or the Macondo blowout) in the Gulf of Mexico is now considered to be the largest accidental oil spill in history.  On April 20, 2010, an explosion and resulting fire at the Deepwater Horizon semi-submersible oil drilling platform, the cause of which is still uncertain as investigations continue, killed 11 platform workers and injured 17 others out of the 126 crew members on board the platform at the time. …
Read More The BP Disaster: The Flood of Oil has Stopped, Insurance Claims have Just Begun

On September 23, 2010, David Brummond, Senior Sanctions Advisor for Insurance at the Office of Foreign Assets Control (“OFAC”) in the U.S. Treasury Department, gave a presentation at the HR Litigation Conference on International Economic Sanctions on “Regulation of Business – Important Considerations for Insurance and Reinsurance.”  Mr. Brummond’s presentation gave an overview of the role of OFAC with respect to insurance industry related activities. …
Read More OFAC Gives Presentation on Regulation of Business – Important Considerations for Insurance and Reinsurance