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Delaware court: right to advancement of defense costs for defamation suit can be modified based on changes in factual circumstances

Edwards Wildman Palmer LLP
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USA
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July 28 2009

In a short letter-to-counsel opinion, Vice Chancellor John Noble of the Delaware Chancery Court held that a prior order granting advancement to two officers and directors can be modified based on changes in factual circumstances

D&O insurers seek relief from automatic stay in order to assert coverage defense counterclaims against investment firm insureds

Edwards Wildman Palmer LLP
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USA
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August 7 2009

Two D&O insurers have asked the U.S. Bankruptcy Court for the District of Minnesota to lift an automatic stay in a bankruptcy proceeding pending against their insureds so that the insurers can pursue their coverage defenses as counterclaims against the insureds in a pending declaratory judgment action

Brazilian market shows microinsurance promise, but regulation lags behind

Edwards Wildman Palmer LLP
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Brazil
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September 15 2009

Brazil’s insurance regulator, SUSEP, recently indicated that the timeline for microinsurance legislation has been further extended

Delaware Supreme Court: under certain circumstances, a D&O insurer may reasonably withhold its consent to settle

Edwards Wildman Palmer LLP
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USA
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September 17 2009

In an August 10, 2009 decision, the Delaware Supreme Court held that under certain circumstances, a D&O insurer may reasonably withhold its consent to settle a claim

Massachusetts investigates rating of life settlements

Edwards Wildman Palmer LLP
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USA
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October 5 2009

The Massachusetts Secretary of the Commonwealth, William Galvin, recently announced an investigation into how credit rating agencies evaluate and rate the securitization of life settlements (i.e. life insurance policies sold by the insured to a third party

Contra Proferentem principle applies to ambiguous questions in proposal form

Edwards Wildman Palmer LLP
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United Kingdom
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October 13 2009

The High Court's decision in R&R Development Ltd v AXA Insurance UK Plc 2009 EWHC 2424 (Ch) concerned the issue of whether ambiguous questions in a proposal form for a contract of insurance could be construed by following the Contra Proferentem principle without the need for the court to decide upon the correct interpretation of the questions

Mesothelioma deaths

Edwards Wildman Palmer LLP
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United Kingdom
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October 14 2009

A new study has revised the projected rate of UK mesothelioma deaths

High Court rules insured's sale of a wrecked vessel was a transaction at an undervalue under s423 Insolvency Act 1986

Edwards Wildman Palmer LLP
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United Kingdom
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July 28 2009

In Dornoch Ltd & Ors v Westminster International & Ors 2009 EWHC 1782 (Admiralty) Mr Justice Tomlinson held that the sale by Westminster International (Westminster) of the wreck of a vessel, the Fariway for the sum of 1000 Euros to a related company was a transaction at an undervalue under s423 of the Insolvency Act 1986 (which, in basic terms, provides that certain disposals made to connected persons for a value less than a fair value may be set aside by the court

Market growth in Mexico, Ecuador and Argentina; Puerto Rican regulator shutters insolvent insurer; Santander considers sale of Argentinean, Chilean and Mexican insurance units

Edwards Wildman Palmer LLP
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Argentina, Chile, Ecuador, Mexico, Puerto Rico
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August 5 2009

A spokesman for Spanish banking group Santander reportedly stated recently that the company is considering selling its insurance units in Argentina, Chile and Mexico, though he reportedly also referred to the situation as "vague and imprecise."

Insurance coverage required for expansion of Panama Canal expected to exceed $100 million

Edwards Wildman Palmer LLP
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Panama
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September 4 2009

The Panama Canal Authority (ACP) has reportedly indicated that it expects its total insurance coverage needs for the expansion of the Panama Canal to exceed $100 million

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Search results

Delaware court: right to advancement of defense costs for defamation suit can be modified based on changes in factual circumstances

D&O insurers seek relief from automatic stay in order to assert coverage defense counterclaims against investment firm insureds

Brazilian market shows microinsurance promise, but regulation lags behind

Delaware Supreme Court: under certain circumstances, a D&O insurer may reasonably withhold its consent to settle

Massachusetts investigates rating of life settlements

Contra Proferentem principle applies to ambiguous questions in proposal form

Mesothelioma deaths

High Court rules insured's sale of a wrecked vessel was a transaction at an undervalue under s423 Insolvency Act 1986

Market growth in Mexico, Ecuador and Argentina; Puerto Rican regulator shutters insolvent insurer; Santander considers sale of Argentinean, Chilean and Mexican insurance units

Insurance coverage required for expansion of Panama Canal expected to exceed $100 million

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