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Ernst & Young settle the Akai Holdings case

Edwards Wildman Palmer LLP
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Hong Kong
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October 16 2009

Ernst & Young ("E&Y") has settled the Akai Holdings ("Akai") case with Akai’s liquidator, Borrelli Walsh

Offshore wind energy brings new opportunities and risks to insurance industry

Edwards Wildman Palmer LLP
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USA
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December 21 2010

The recent federal approval of the first wind farm (“Cape Wind”) to be built in United States’ waters marks a new era for renewable energy projects, said Peter Mavraganis, recently appointed leader of Marsh's U.S. Renewable Energy Practice

New York State Court denies motion to compel discovery of reinsurance and reserve information

Edwards Wildman Palmer LLP
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USA
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July 29 2010

In Mt. McKinley Ins. Co. v. Corning Inc., 2010 NY Slip Op 20235 (N.Y. Sup. Ct. June 14, 2010), an insured (“Corning”) moved to compel discovery of reinsurance and reserve information from its insurers, arguing that this information was relevant, material and necessary to its coverage claim

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

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

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

Foreign reinsurers announce earthquake loss estimates as industry sectors survey damage

Edwards Wildman Palmer LLP
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Chile
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March 11 2010

Foreign reinsurers are beginning to count the cost of the earthquake in Chile last month, with announced loss estimates already surpassing $1.5 billion

Southern District grants in part and denies in part the rating agencies' motion to dismiss in subprime suit

Edwards Wildman Palmer LLP
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USA
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November 9 2009

By orders dated September 1, 2009 and October 15, 2009, the U.S. District Court for the Southern District of New York granted in part, and denied in part, the defendants motion to dismiss in Abu Dhabi Commercial Bank et al v. Morgan Stanley et al, which names as defendants Moody’s Corporation (“Moody’s”) and McGraw Hill Companies (“McGraw Hill”) (collectively, the “Rating Agencies”

Federal court denies insured’s motion to vacate arbitration award: finds that reinsurer was not indispensable party to dispute, arbitrators had authority to award attorneys’ fees, and manifest disregard of the law is no longer viable

Edwards Wildman Palmer LLP
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USA
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September 28 2010

Plaintiffs sued their insurer, Northbrook Indemnity Company, which removed the case to federal court and moved to compel arbitration

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

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Search results

Ernst & Young settle the Akai Holdings case

Offshore wind energy brings new opportunities and risks to insurance industry

New York State Court denies motion to compel discovery of reinsurance and reserve information

New Japanese insurance law concerning insurance contracts comes into force

Contra Proferentem principle applies to ambiguous questions in proposal form

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

Foreign reinsurers announce earthquake loss estimates as industry sectors survey damage

Southern District grants in part and denies in part the rating agencies' motion to dismiss in subprime suit

Federal court denies insured’s motion to vacate arbitration award: finds that reinsurer was not indispensable party to dispute, arbitrators had authority to award attorneys’ fees, and manifest disregard of the law is no longer viable

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

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