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Results: 1-10 of 581

Illinois federal court rules that reinsurer’s motion to vacate arbitration award is untimely under the Federal Arbitration Act

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 4 2010

R&Q Reinsurance Co. v. American Motorist Ins. Co., involved a dispute arising under a series of reinsurance treaties entered into by the parties

Last week in DC: the healthcare reform debate November 16, 2009

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 16 2009

Following the House’s November 7 vote on healthcare reform, the Senate now faces increasing pressure to vote on a bill this year, as evidenced by the words of both the current President and a former President last week

Chinese drywall first bellwether trial ongoing

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • March 9 2010

The first federal trial in the nationwide Chinese drywall controversy began on February 19th, 2010 in New Orleans and is ongoing

New York adopts revisions to Regulation 118 governing audited financial statements

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • January 12 2010

On December 28, 2009, the New York Insurance Department ("NYID") issued a Notice of Emergency adoption revising Regulation 118 to implement new audit and reporting standards on an emergency basis

NAIC Valuation of Securities (E) Task Force adopt assumptions for residential mortgage-backed securities

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • December 8 2009

On December 2, 2009, the NAIC Valuation of Securities (E) Task Force adopted final assumptions ("the Assumptions") for the financial model used in determining risk based capital ("RBC") for insurer owned residential mortgage-backed securities ("RMBS"

U.S. Supreme Court rules that court lacks the authority to determine whether an arbitration agreement is unconscionable

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • September 21 2010

In Rent-A-Center, West, Inc., v. Antonio Jackson, the U.S. Supreme Court addressed the issue of whether, under the Federal Arbitration Act (“FAA”), a federal court has the authority to address a party’s claim that an arbitration agreement is unconscionable, where the agreement explicitly delegates that decision to the arbitrator

Emergency rule proposes workers’ compensation rate hikes of 12 in Washington State

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 16 2010

Last week, the Washington Department of Labor and Industries (the "Department") announced that it will increase workers' compensation insurance premiums on average by 12 percent, or 6

Third Circuit revives limited portions of in re: insurance brokerage antitrust litigation (MDL 1663)

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 18 2010

Nearly three years after a federal district court dismissed with prejudice a nationwide class action alleging antitrust and RICO claims against insurers and brokers in connection with contingent commission arrangements, the Third Circuit Court of Appeals has revived a limited swath of plaintiffs' claims

New York Attorney General files response to Article 78 petition to prevent the producer compensation disclosure requirements of Regulation 194; petitioners gear up for rebuttal

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 13 2010

Earlier this year, the Independent Insurance Agents and Brokers of New York (the "IIABNY") and the Council of Insurance Brokers of Greater New York (the "CIBGNY") filed an Article 78 petition in New York State Supreme Court in Albany County against the New York Insurance Department (the "NYID") in order to prevent the mandatory producer compensation disclosure requirements of Regulation 194

NAIC releases second draft of federal legislation for implementation of reinsurance regulatory modernization framework

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • August 13 2009

On July 27, 2009, the National Association of Insurance Commissioners (“NAIC”) released a revised draft of the Reinsurance Regulatory Modernization Act of 2009 (the “Act”), which was the result of a proposal adopted at its 2008 Winter Meeting to modernize reinsurance regulation