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In Sulamerica Cia Nacional de Seguros Sa v Enesa Engenharia SA [2012] EWCA Civ 638, the Court of Appeal found that the decision of Mr Justice Cooke (previously reported here) that an anti-suit injunction in favour of arbitration proceedings was valid would be upheld. …
Read More UK: Court of Appeal Upholds Anti-Suit Injunction in Favour of Arbitration

The Office of Fair Trading (OFT) has provisionally decided to refer the private motor insurance market to the Competition Commission (CC) for an in-depth market investigation, on the basis that it has reasonable grounds to suspect that there are features of the market that prevent, restrict or distort competition. …
Read More UK: OFT Provisionally Decides to Refer Private Motor Insurance Market

The U.S. Re Under 40s Group’s next event will take place on May 31 at Edwards Wildman’s New York office.  The event, co-sponsored by Edwards Wildman and WeiserMazars, will include a panel discussion about the current Professional Liability Market. …
Read More REMINDER – THURSDAY EVENING at 6:00 pm in New York – Join the U.S. Re Under 40s Group for its next Educational Event – Developments & Trends in Professional Liability – Cyber, D&O and E&O

The U.S. Re Under 40s Group’s next event will take place on May 31 at Edwards Wildman’s New York office.  The event, sponsored by WeiserMazars, will include a panel discussion about the current Professional Liability Market. …
Read More Join the U.S. Re Under 40s Group on May 31 for its next Educational Event – Developments & Trends in Professional Liability – Cyber, D&O and E&O

CMS DELAYS DATA COLLECTION UNDER SUNSHINE ACT
In a May 3 notice on its official blog, the Centers for Medicare & Medicaid Services (CMS) announced that it will not require data collection under the Physician Payments Sunshine Act, part of the Patient Protection and Affordable Care Act (PPACA), until January 1, 2013. …
Read More Healthcare Update: CMS Delays Data Collection Under Sunshine Act; New Rules to Ease Burdens on Providers; MA Bills Target Healthcare Costs; CMS Proposes Medicaid Payment Increase; New Bill Proposes Repeal of SGR

The NRCMS, overseen by the Ministry of Health, is a basic health social security system, started in 2003, that combines insurance and social assistance, and targets all farmers and rural residents in China. …
Read More China to Outsource Management of the New Rural Co-operative Medical Scheme (NRCMS) to Commercial Insurers

The Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, and the California Insurance Department (the “Department”) announced that they signed a Memorandum of Understanding (“MOU”) that will allow the FinCEN and the Department to share important information enabling both parties to coordinate and heighten efforts aimed at rooting out fraud and protect consumers and the insurance industry from criminal acts. …
Read More The U.S. Treasury and the California Insurance Department Signed a Memorandum of Understanding Regarding Information Sharing

N.J. State Senator Nicholas Scutari (D-22nd Dist.) introduced Senate Concurrent Resolution No. 105 (the “Resolution”), which is critical of a proposed amendments by the New Jersey Department of Banking and Insurance (the “Department”) affecting the personal injury protection (“PIP”) regulations promulgated under the Automobile Insurance Cost Reduction Act of 1998 (the “Act”). …
Read More Resolution Critical of the New Jersey Department of Banking and Insurance Amendments to the Personal Injury Protection Regulations Introduced to the New Jersey State Senate

In Elafonissos Fishing & Shipping Co v Aigaion Insurance Co SA (2012) EWHC 892 (Comm), the defendant insurers, Aigaion Insurance Co SA (Aigaion), sought to re-amend its Defence to a claim brought by the claimant, Elafonissos Fishing & Shipping Co (Elafonissos), under a policy for marine insurance in relation to a damaged vessel, and to adduce expert evidence in support of its amendments. …
Read More UK: Late Application by Insurer to Re-Amend Defence Succeeds in Part

The New York Department of Financial Services (the “Department”) has made a major step in making it easier for the public to view property and casualty insurance company rate, rule and form filings through a free online database.  These filings are used by P&C insurers to, among other things, introduce new products, support rate increases, or make changes to coverages on existing products. …
Read More New York P&C Rate, Rule and Form Filings Now Available for On-Line Download