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Results: 1-10 of 408

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"

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

National Flood Insurance Program may be reinstated this week

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 14 2010

The National Flood Insurance Program (the "NFIP") expired March 28, 2010

Connecticut trial court dismisses passenger’s insurer from uninsured motorist lawsuit

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 10 2009

The Connecticut Superior Court recently granted the motion for summary judgment of a passenger’s insurer in a lawsuit concerning uninsuredunderinsured motorist coverage on the basis that the amount of potential coverage was capped and coverage under this excess insurer’s policy was not recoverable

New Vermont Captive Insurance Association President

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

Following a nation-wide search, Michael Bemi, Chair of the Vermont Captive Insurance Association (the "VCIA") Board of Directors, recently announced that the VCIA has selected Richard Smith as the new President of the VCIA

Health care legislation imposes tax on annuity income

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • April 26 2010

The Health Care and Reconciliation Act (the "Act"), signed into law on March 30, 2010, imposes a tax on annuity income to help pay for the multi-billion dollar reform package set forth in both the Act and the Patient Protection and Affordable Care Act, signed into law on March 23, 2010

Jury finds in favor of botox manufacturer in off-label use trial

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • May 28 2010

A California jury recently returned a verdict in favor of Allergan, Inc., in a trial involving claims that Allergan’s promotion of an off-label use of its drug Botox caused the death of a pediatric patient suffering from cerebral palsy