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The Chile earthquake: emerging compliance and claims issues arising from the most expensive insured event in Latin American history

Edwards Wildman Palmer LLP
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Chile
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June 3 2010

Even if insured losses fall somewhere in the middle of the current $2-$12 billion range of estimates, the Chile earthquake will easily outpace Hurricane Wilma as the most expensive insured event in Latin America's history

Interpretation of actual and constructive total loss under the Marine Insurance Act 1906

Edwards Wildman Palmer LLP
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United Kingdom
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February 25 2010

Masefield AG v Amlin Corporate Member Ltd 2010 EWHC 280 (Comm) concerned the interpretation of actual and constructive total loss under the Marine Insurance Act 1906

Court denies Wells Fargo’s motion to dismiss on statute of limitations grounds

Edwards Wildman Palmer LLP
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USA
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June 10 2010

The United States District Court for the Northern District of California recently granted in part and denied in part motions to dismiss a class action brought by a class of purchasers of mortgage pass-through certificates

The Committee of European Insurance and Occupational Pensions Supervisors and the Swiss insurance supervisor agree to enhance supervisory cooperation

Edwards Wildman Palmer LLP
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European Union, Switzerland
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February 8 2010

The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has recently announced that it has agreed to further enhance supervisory cooperation with the Swiss insurance supervisor, the Swiss Financial Market Supervisory Authority (FINMA

High Court confirms anti-suit injunction to protect an English arbitration clause

Edwards Wildman Palmer LLP
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United Kingdom
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April 28 2010

In AES Ust-Kamenogorsk Hydropwer Plant LLP v Ust-Kamenogorsk Hydropower Plant JSC 2010 EWHC 722 (Comm) the High Court ruled that it had jurisdiction to grant declarations and continue an anti-suit injunction to protect an arbitration clause in a contract between two Kazakhstani companies, AES Ust-Kamenogorsk Hydropwer Plant LLP (AESUK) and Ust-Kamenogorsk Hydropower Plant JSC (JSC

SFC clarifies the licensing requirements for the promotion, offering or sale of ILAS to the public

Edwards Wildman Palmer LLP
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Hong Kong
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October 16 2009

The Hong Kong Securities and Futures Commission ("SFC") recently issued a circular clarifying that insurers, corporate insurance brokers and individual insurance intermediaries are not required or permitted to be licensed by the SFC under the provisions of the Securities and Futures Ordinance ("SFO") (Chapter 571 of the Laws of Hong Kong) to engage in promoting, offering or selling investment linked assurance schemes ("ILAS") to the Hong Kong public (the "Circular"

New Japanese insurance law concerning insurance contracts comes into force

Edwards Wildman Palmer LLP
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Japan
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April 8 2010

The new Japanese Insurance Act (the Insurance Act), which was passed by the Japanese Diet in May 2008 came into force on 1 April 2010

Federal judge issues default against Chinese drywall manufacturer

Edwards Wildman Palmer LLP
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USA
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September 29 2009

A federal judge in New Orleans has defaulted a defendant, Taishan Gypsum Company, in a products liability class action lawsuit

Former Tyco director settles with pension fund in opt-out action

Edwards Wildman Palmer LLP
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USA
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January 4 2010

In 2002, Tyco became embroiled in a well-publicized scandal arising out of alleged corporate looting by the company’s top management

Insurers face more noise-induced hearing loss claims following Court of Appeal decision

Edwards Wildman Palmer LLP
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United Kingdom
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January 21 2010

Insurers may see increased exposure on employers' liability policies in 2010, particularly related to noise-related personal injuries, as the effects of the so-called textile deafness test litigation are felt in the industry

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Search results

The Chile earthquake: emerging compliance and claims issues arising from the most expensive insured event in Latin American history

Interpretation of actual and constructive total loss under the Marine Insurance Act 1906

Court denies Wells Fargo’s motion to dismiss on statute of limitations grounds

The Committee of European Insurance and Occupational Pensions Supervisors and the Swiss insurance supervisor agree to enhance supervisory cooperation

High Court confirms anti-suit injunction to protect an English arbitration clause

SFC clarifies the licensing requirements for the promotion, offering or sale of ILAS to the public

New Japanese insurance law concerning insurance contracts comes into force

Federal judge issues default against Chinese drywall manufacturer

Former Tyco director settles with pension fund in opt-out action

Insurers face more noise-induced hearing loss claims following Court of Appeal decision

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