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Porto Seguro and Itau Unibanco agree to merge residential and automobile insurance operations; Sul America and Bradesco next?

Edwards Wildman Palmer LLP
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Brazil
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August 27 2009

One of Brazil’s largest insurers, Porto Seguro S.A. (“Porto Seguro”), and one of the country’s leading private banks, Itau Unibanco Holding S.A. (“Itau Unibanco”), recently announced an agreement to merge their residential and auto-insurance operations

Prohibition against contingent fee arrangement re-affirmed

Edwards Wildman Palmer LLP
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Hong Kong
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August 27 2009

On 26 June 2009, a solicitor and a recovery agent were found guilty by the District Court for offering a "no win, no fee" deal to a mother seeking compensation for her son, who was severely injured in a road traffic accident

Reinsurer’s motion to seal documents related to arbitration granted by Pennsylvania court

Edwards Wildman Palmer LLP
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USA
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August 27 2009

Republic Western Insurance Company ("Republic") reinsured certain workers’ compensation policies issued by Reliance Insurance Company

New York reduces director requirements for domestic insurers

Edwards Wildman Palmer LLP
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USA
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September 11 2009

As of August 12 2009, in accordance with Chapter 293 of the Laws of New York 2009, the minimum number of directors required for New York domestic insurers has been reduced from thirteen to seven, and the minimum number of New York resident directors required for domestic insurers has been reduced from two to one

New compensation disclosure requirements proposed for New York insurance producers

Edwards Wildman Palmer LLP
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USA
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September 15 2009

After months of discussion with industry and consumer groups, the New York Insurance Department (the "Department") released yesterday proposed regulations creating an obligation on the part of insurers to disclose information about producer compensation to purchasers

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

Seventh Circuit rules that challenge to a replacement arbitrator must be made at the time of the appointment and not at the conclusion of the arbitration

Edwards Wildman Palmer LLP
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USA
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September 10 2009

In a recent decision from the United States Court of Appeals for the Seventh Circuit, WellPoint, Inc. v. John Hancock Life Ins. Co., No. 08-2283 (7th Cir. Aug. 7, 2009), the court ruled that a party seeking to challenge the appointment of a replacement arbitrator must do so at the time of the appointment or else lose its ability to make such a challenge

Eleventh Circuit affirms judgment in favor of contractor’s insurers, finding no bad faith

Edwards Wildman Palmer LLP
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USA
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September 10 2009

In Fidelity & Deposit Co., et al. v. Douglas Asphalt Co., et al., No. 09-10919 (11th Cir. Jul. 28, 2009), the Eleventh Circuit affirmed the District Court’s judgment in favor of the insurers, who sought to recover from their insured payments made under payment and performance bonds when the insured allegedly defaulted and failed to complete a project

Restatement of European insurance contract law

Edwards Wildman Palmer LLP
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European Union
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September 14 2009

On 11 September 2009 EAPD partner Helen Clark attended a conference hosted by the British Insurance Law Association (BILA) at which members of the Restatement of European Insurance Law Project Group presented the public launch of the Principles of European Insurance Contract Law (PEICL

Federal court rules that arbitration award satisfied final adjudication requirement in intentional acts and personal profit exclusions

Edwards Wildman Palmer LLP
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USA
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September 10 2009

Earlier this summer, the U.S. District Court for the Central District of California, Western Division held that an arbitrator's determination in an underlying claim triggered the intentional acts and personal profit exclusions in both a D&O and E&O policy

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Search results

Porto Seguro and Itau Unibanco agree to merge residential and automobile insurance operations; Sul America and Bradesco next?

Prohibition against contingent fee arrangement re-affirmed

Reinsurer’s motion to seal documents related to arbitration granted by Pennsylvania court

New York reduces director requirements for domestic insurers

New compensation disclosure requirements proposed for New York insurance producers

Brazilian market shows microinsurance promise, but regulation lags behind

Seventh Circuit rules that challenge to a replacement arbitrator must be made at the time of the appointment and not at the conclusion of the arbitration

Eleventh Circuit affirms judgment in favor of contractor’s insurers, finding no bad faith

Restatement of European insurance contract law

Federal court rules that arbitration award satisfied final adjudication requirement in intentional acts and personal profit exclusions

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