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As our readers know, we have been following the developments in Louisiana Safety Association of Timbermen – Self Insured Fund v. Certain Underwriters at Lloyd’s, London, et al., No. 09 945, a case under consideration for certiorari by the U.S. Supreme Court that concerns whether Article II of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, as implemented by Chapter 2 of the Federal Arbitration Act (the “FAA”), is an “Act of Congress” subject to the anti preemption provision of the McCarran Ferguson Act, 15 U.S.C. 1011, et seq. …
Read More United States Solicitor General: The Convention Is Not Preempted by the McCarran-Ferguson Act

The next U.S. Re Under 40s Group event will be in New York, at Katwalk on October 7, starting at 6:00.  The U.S. Under 40s Group will be hosting members of the Bermuda Under 40s Re/Insurance Group while they are in New York.  It promises to be an excellent opportunity to meet our friends from Bermuda and  network with other members of the U.S. Re Under 40s Group. …
Read More Join the U.S. Re Under 40s Group on October 7 at Katwalk

Insurers authorized in Mexico must consider the issue of potential liability in connection with selecting physicians for their medical network to provide services to their insureds.  A federal collegiate court in Mexico recently ruled, in a 10-year long case, that insurers can be held jointly liable with professionals that form part of their medical network. …
Read More Mexican Court Finds Insurer Jointly Liable For Medical Error

Greg Hoffnagle and Marc Voses of Edwards Angell Palmer & Dodge’s New York office will be presenting “Green Buildings and Risk Management: What Reinsurers Need to Know” at 4:30 p.m. on September 15, 2010.  EAPD is hosting a reception following their presentation so if you are planning to attend the conference, please come by and meet our attorneys and network with your peers in the industry. …
Read More Reinsurance Association of America’s ReClaims Conference – September 15-16, 2010 (New York)

California legislators are ready to pass a bill to entice insurance companies to invest in “green” technology projects in low- and moderate-income urban and rural communities. …
Read More Insurance Turning “Green” in California: Lawmakers Propose Tax Credit for Insurers Who Invest in “Green” Tech Projects

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act) is the latest development in the ongoing saga of state versus federal regulation of insurance. Unlike other major industries, insurance is still primarily and almost exclusively regulated by the states – and the states have long been vigilant about keeping it that way. …
Read More The Dodd-Frank Act: The U.S. Government Turns its Attention to Insurance Regulation

EAPD’s New York office will host an Insurance Federation of New York (IFNY) Breakfast on Thursday, September 30, 2010 featuring New York State Insurance Department’s Deputy Superintendent and General Counsel, Martha A. Lees.  As General Counsel, Lees advises the Superintendent and other officers of the Department regarding a wide array of legal matters and is responsible for supervision of the Office of General Counsel. …
Read More Prominent New York State Insurance Department Official to Speak at IFNY Event

The International Accounting Standards Board (IASB) has published its draft proposals to improve accounting for insurance contracts. The draft proposes a single International Financial Reporting Standard (IFRS) that all insurers, in all jurisdictions, could apply to all contract types on a consistent basis. …
Read More Improvements Proposed to Insurance Accounting

As a reminder, please join the U.S. Reinsurance Under 40s Group tomorrow, August 5th, at its Summer Social Event.  The event will take place at Bourbon Street Bar and Grille and begin at 6:00 pm.  For more information and to RSVP, please click here. …
Read More Last Call — Please Join the U.S. Reinsurance Under 40s Group at its Summer Happy Hour