Introduction
On 9 September 2013, the PRA published a draft Supervisory Statement for consultation in “Consultation Paper CP6/13 Schemes of arrangement by general insurance firms” (CP).
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Happy Birthday to Us!
Six years ago, InsureReinsure.com was born. We were one of the first insurance blogs, and we received a warm welcome from the industry (including from many people who did not know what the word “blog” meant at the time!).
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Edwards Wildman’s Insurance Practice Paves the Way for Firm-Wide Use of Social Media
For several years, the editors of insurereinsure.com have used social media tools to share blog posts and other information. Now, Edwards Wildman is following suit. Firm-related content is now available in a number of popular social media formats. …
Read More Edwards Wildman’s Insurance Practice Paves the Way for Firm-Wide Use of Social Media
Illinois Prohibits TPAs and UR Organizations from Performing Services Offshore
The Illinois Department of Insurance (“DOI”) issued Bulletin 2012-12 (“Bulletin”) on December 20, 2012, prohibiting the use of offshore third party administrators (“TPAs”) and utilization review organizations (“UR Organizations”) in connection with insurance contracts and healthcare plans covering Illinois residents. …
Read More Illinois Prohibits TPAs and UR Organizations from Performing Services Offshore
Reactions Award Marks Impressive Year for Edwards Wildman
Edwards Wildman finished a strong year of recognition in 2012, highlighted by its ranking as the #1 law firm in the US in Reactions’ annual survey of insurance law firms. The firm garnered the top spot on the strength of top rankings in the categories of “Regulation” and “Insolvency,” as well as a third-place ranking in “Litigation.” …
Read More Reactions Award Marks Impressive Year for Edwards Wildman
Hong Kong: Insurance Authority Issued Guidance Note on Outsourcing (GN14)
In view of the increasing popularity of outsourcing customer-related and back-office business activities by financial service institutions to other parties as a means of reducing costs and achieving strategic aims, the Hong Kong Insurance Authority (HKIA) recently issued a Guidance Note on Outsourcing (GN14). …
Read More Hong Kong: Insurance Authority Issued Guidance Note on Outsourcing (GN14)
Recent Ruling Dismisses Claims Against Massachusetts Premises Owners For Asbestos Liability
In a victory for Massachusetts premises owners and their insurers, the Massachusetts Superior Court recently dismissed all claims against a group of twenty-three premises owners whom the Plaintiff alleged were liable (under both strict liability and negligence theories) for the development of the decedent’s asbestos-related mesothelioma. …
Read More Recent Ruling Dismisses Claims Against Massachusetts Premises Owners For Asbestos Liability
Insurance & Reinsurance Review – September 2012
Edwards Wildman Palmer LLP is pleased to provide the following Newsletter. Insurance & Reinsurance Review – September 2012. …
Read More Insurance & Reinsurance Review – September 2012
A Reinsurance Perspective: The Aggregation of Losses Following the Tohoku Earthquake and Tsunami
The converging events that led to the devastation in Japan will raise a number of issues relating to the aggregation of losses under reinsurance contracts. The precise wording of aggregation provisions in these contracts will be crucial in determining the scope of coverage. Unfortunately, much uncertainty remains as to the meaning of many aggregation provisions and ‘hours clauses’ in particular. …
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Edwards Wildman Palmer – Insurance & Reinsurance Review – December 2011
Edwards Wildman Palmer’s Insurance and Reinsurance Department recently published its latest Newsletter, Insurance & Reinsurance Review – December 2011, which contains eight articles about various topics in the insurance and reinsurance industry. Please click on the links below to read each article and if you would like to be added to the mailing list to receive the next edition of the Insurance and Reinsurance Review, please email us at InsureReinsure@edwardswildman.com. To view the entire Insurance & Reinsurance Review – December 2011, please click here. …
Read More Edwards Wildman Palmer – Insurance & Reinsurance Review – December 2011