Latin American Developments

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EAPD lawyer Machua Millett is participating in the American Conference Institute’s ReAct Brazil International Forum on Positioning for Success in the Brazilian Reinsurance Market.  This morning’s presentations included “Entering the Brazilian Market: What You Must Consider to Launch and Maintain Successful Reinsurance Operations in Brazil” and “Regulator’s Perspective on the New Brazilian Reinsurance Law.” …
Read More Breaking News: Industry Participants and Regulators Discuss Development of the Brazilian Reinsurance Market

A petition for damages recently filed in the Circuit Court of Missouri, St. Louis County, alleges that Doe Run Resources Corporation, one of the world’s largest lead producers, its related entities, and six Doe Run officers and directors released lead and other toxic substances from the company’s metallurgical complex in Peru, injuring numerous children. 

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Read More Petition Filed Against U.S. Natural Resources Company Accusing the Company and Certain Officers and Directors of Causing Injury to Peruvian Children

Today, Thursday, August 28, Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar entitled “Insurance Implications of Climate Change”. This 60 minute webinar will comprise a discussion of the global legal framework which recognizes the reality of climate change. 

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Read More TODAY’S WEBINAR: Insurance Implications of Climate Change

The First Circuit Court of Appeals recently held that, under Puerto Rico law, a breach of warranty excuses a maritime insurer from paying a claim regardless of whether the breach has any causal connection to the loss at issue.  Lloyd’s of London, et al. v. Pagan-Sanchez, et al., No.
Read More First Circuit Addresses Puerto Rico Law on Impact of Insured’s Breach of Warranty

The Federal District Court for the District of Puerto Rico recently issued a 58-page decision on post-trial motions in which it extensively discussed Puerto Rico law concerning insurer bad faith and consequential damages in the context of an alleged bad faith denial of coverage. …
Read More Puerto Rico Federal Court Examines Issues of Bad Faith (“Dolo”) and Consequential Damages in Insurance Coverage Disputes

Costa Rican President Dr. Oscar Arias Sanchez recently signed into law the new Ley Reguladora del Mercado de Seguros, thereby ending the Instituto Nacional de Seguros’ (INS) more than eighty-year-old monopoly over the Costa Rican insurance business.  The Consejo Nacional de Supervision del Sistema Financiero (CONASSIF) is charged with establishing an insurance regulatory authority and implementing the other mandates of the new law. …
Read More Costa Rica Opens Insurance Market to Competition

A special assembly dominated by members of President Rafael Correa’s Alianza PAIS party recently approved a proposed new Ecuadorian constitution that would grant the president broad political and economic powers.  The proposed new constitution now faces a national public vote scheduled for September 28, 2008. …
Read More Special Assembly Approves New Proposed Ecuadorian Constitution

The Venezuelan Supreme Court recently upheld the constitutionality of blocking 272 mostly opposition candidates from running for office on the basis of suspicion of corruption.  The court rejected arguments that the blacklist was unconstitutional because many of the listed candidates had merely been accused, but not convicted, of corruption. 

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Read More Venezuelan Supreme Court Upholds Constitutionality of Candidate Blacklist

On Thursday, August 28, Edwards Angell Palmer & Dodge’s Insurance and Reinsurance Department will host a webinar entitled “Insurance Implications of Climate Change”. This 60 minute webinar will comprise a discussion of the global legal framework which recognizes the reality of climate change. …
Read More August 28 EAPD Webinar: Insurance Implications of Climate Change