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Legal expenses insurance must comply with insured's freedom to choose lawyer under EU directive
- Edwards Wildman Palmer LLP
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- European Union, United Kingdom
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- July 30 2010
On 19 July 2010, the FSA sent a letter to UK insurance firms reminding them of the requirement that terms in legal expenses insurance must not detract from, or qualify in any way, an insured's freedom to choose a lawyer
Solvency II: the insurance industry's biggest regulatory and compliance challenge this year: how well prepared is it?
- Edwards Wildman Palmer LLP
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- European Union
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- July 6 2010
EAPD's own Ambereen Salamat and Chris Collins were asked by Complinet in its Mid-Year Roundup what the biggest regulatory and compliance challenge this year will be and above all, Solvency II was the resounding response
European Advocate General opinion concludes no privilege for in-house lawyers
- Edwards Wildman Palmer LLP
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- European Union
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- June 17 2010
On 29 April 2010, European Advocate General Kokott gave her opinion in the case of Akzo Nobel Chemicals Ltd & Akcros Chemicals Ltd v European Commission
Solvency II delayed
- Edwards Wildman Palmer LLP
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- European Union
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- May 10 2010
Solvency II will be delayed until 31 December 2012, the EU has confirmed
Solvency II: Draft technical specifications for Fifth Quantitative Impact Study (QIS5) published
- Edwards Wildman Palmer LLP
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- European Union
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- April 23 2010
On 15 April 2010, the European Commission (Commission) published for consultation draft technical specifications for the QIS5 exercise
Eyjafjallajökull volcano’s flight disruption leads to uncovered losses and new types of coverage for airlines
- Edwards Wildman Palmer LLP
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- European Union
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- April 20 2010
As the Eyjafjallajökull volcano continues to erupt and the dust cloud over much of Europe continues to hang in the air, approximately 16,000 flights each day are being canceled without any certainty as to when normal flight schedules can resume
Solvency II - first Level 3 guidance published
- Edwards Wildman Palmer LLP
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- European Union
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- April 16 2010
On 31 March 2010, the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) published the first of its Level 3 guidance for Solvency II
European Commission publishes a review of the European Company Statute
- Edwards Wildman Palmer LLP
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- European Union
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- March 31 2010
The European Company Statute (Regulation 21572001, which is directly applicable in EU member states) was adopted on 8 October 2001 and came into force on 8 October 2004
Commissioner in charge of Solvency II confirms 2012 implementation
- Edwards Wildman Palmer LLP
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- European Union
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- March 23 2010
It has been reported that Karel van Hulle, head of insurance and pensions at the European Commission, confirmed that Solvency II will come into force in October 2012
EU-wide insurance sector stress test findings published
- Edwards Wildman Palmer LLP
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- European Union
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- March 23 2010
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has recently published the findings of its EU-wide stress test exercise for the insurance sector
