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Read More UK: Report following resilience benchmarking survey of the insurance sector published
Eithne McCarthy, from the Financial Services Unit of the European Commission’s Competition Directorate General (DG Comp), made a presentation on the new Insurance Block Exemption Regulation (BER) to the Law Society’s Competition Section on 13 April 2010. …
Read More EU/UK: Presentation by Eithne McCarthy – the new Insurance Block Exemption Regulation
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Read More New York Seeks Comments on Draft Amendment Restricting Release Terms
The New York Insurance Department has issued a proposed regulation that would prohibit life and health insurers from issuing policies that contain discretionary clauses (the “Proposed Regulation”). …
Read More New York Seeks Comments on Draft Regulation Prohibiting Use of Discretionary Clauses in Life and Health Insurance Policies
The Louisiana House of Representatives has scheduled a floor debate for April 21, 2010 on House Bill 285 (the “Bill”). …
Read More Louisiana: Surplus Lines Exemption Bill Scheduled for Floor Debate
As we previously reported here, last week the U.S. Senate failed to reinstate the National Flood Insurance Program (“NFIP”). …
Read More Update: National Flood Insurance Program Extended to May 31, 2010
On 1 April 2010 the ABI held a seminar for liability carriers on developments in relation to EL, covering two main topics, the ELTO (Employers’ Liability Tracing Office) and a possible scheme for compensating those with EL claims. …
Read More UK: Proposals for compensating EL claimants
The Financial Services Act 2010 (the Act) received Royal Assent on 8 April 2010. The Act amends the Financial Services and Markets Act 2000 to address a number of issues that are perceived to have contributed to the financial services crisis …
Read More UK: Financial Services Act 2010
The Governor of Guangdong Province, representing the Guangdong Provincial Government, and the Chief Executive of the Hong Kong Special Administrative Region (the SAR) signed a Framework Agreement on Hong Kong/Guangdong Co-operation (the Framework Agreement) at a signing ceremony in Beijing on 7 April 2010. …
Read More HK: Hong Kong and Guangdong sign Cooperation Agreement
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