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Results: 1-10 of 698

Ninth Circuit Court of Appeals reverses summary judgment and holds against insurer in bad faith action related to uninsured motorist claim

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 27 2009

The Ninth Circuit Court of Appeals recently reversed an award of summary judgment that had been in favor of an insurer in a bad faith action regarding an uninsured motorist claim, and found against the insurer

Changes to UK trade credit insurance top up scheme

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • September 1 2009

In the 2009 Budget, on 22 April 2009, the Chancellor announced the introduction of a Government-backed 'top-up' trade credit insurance scheme aimed at addressing the challenges that UK businesses were facing as a result of the reduction in availability of trade credit insurance (the Scheme

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

  • Edwards Wildman Palmer LLP
  • -
  • Brazil
  • -
  • 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
  • -
  • Hong Kong
  • -
  • 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
  • -
  • USA
  • -
  • August 27 2009

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

Incoming regulations may increase actuarial costs

  • Edwards Wildman Palmer LLP
  • -
  • United Kingdom
  • -
  • September 2 2009

On 1 September 2009, the General Insurers' Technical Provisions (Appropriate Amount) (Tax) Regulations 2009 (the Regulation) comes into force in the UK

District of Columbia appoints new Commissioner

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 2 2009

On August 28, 2009, the District of Columbia Department of Insurance, Securities and Banking (“DISB”) issued a press release announcing that Thomas E. Hampton has stepped down as Commissioner of the DISB

Hedge fund closes two of its funds and liquidates holdings

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 3 2009

According to press reports, Atticus Capital announced recently that it would shut down two of its three funds and liquidate their $3 billion in holdings

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

  • Edwards Wildman Palmer LLP
  • -
  • Panama
  • -
  • 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

Costa Rican INS revives international expansion plans; double-digit market growth in Ecuador and Peru; IRB earnings decline 55.7 in Brazil

  • Edwards Wildman Palmer LLP
  • -
  • Brazil, Costa Rica, Ecuador, Peru
  • -
  • September 3 2009

As reported previously in this space, Costa Rica’s Instituto Nacional de Seguros’ international expansion plans were put on hold in May 2009 when the nation’s Comptroller General took the position that the INS was empowered only to partner with, not acquire or establish, foreign companies

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