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New York State Court denies motion to compel discovery of reinsurance and reserve information
- Edwards Wildman Palmer LLP
- -
- USA
- -
- 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
California insurers divest $400 million in Iran-related assets
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 28 2010
California Insurance Commissioner Steve Poizner announced on July 1, 2010 that insurers in his state had sold about 20 of the assets the industry holds in the 50 companies that the California Department of Insurance ("CDI") has identified as doing business with Iran's nuclear, energy and defense sectors
German government opposes US legislation limiting deductibility of reinsurance premiums
- Edwards Wildman Palmer LLP
- -
- Germany, USA
- -
- July 28 2010
Proposed legislation that would limit a tax deduction for reinsurance premiums paid to a foreign affiliate of a US insurer has drawn the formal opposition of the German government
New York Insurance Department to hold hearing on August 20, 2010 on whether to expand the Export List under Regulation 41
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 28 2010
A public hearing on August 20, 2010 will explore the possibility of increasing insurance capacity in New York by easing access to unauthorized insurers
Federal Court Orders Party to Produce Copies of its Reinsurance Agreements Under Fed. R. Civ. P. 26
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 27 2010
Plaintiff moved to compel production of defendant American Red Cross' reinsurance agreements
Federal regulation of the insurance industry: we are living in interesting times
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 27 2010
The week of July 19, 2010 was an interesting week for the insurance industry with developments affecting the industry as a whole and a proposal to regulate life settlements as securities at the federal level
Obama administration reiterates opposition of NFIP expansion to include windstorm coverage
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 23 2010
The Obama Administration, through the Office of Management and Budget, has reiterated its position that it is against the expansion of the National Flood Insurance Program ("NFIP") to include coverage for windstorm damage
Presentation on dispute resolution clauses
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 23 2010
Vince Vitkowsky of Edwards Angell Palmer & Dodge LLP presented on Thursday concerning Dispute Resolution Clauses in reinsurance contracts, which specifically focused on arbitration clauses
Update from RAA Re Contracts Conference presentation on extra contractual obligations and losses in excess of policy limits
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 23 2010
We have been tracking developments at the RAA Re Contracts Conference, which took place this week in New York, as previously reported on www
United States Supreme Court asks for federal government's opinion on applicability of the McCarran-Ferguson Act to the New York Convention
- Edwards Wildman Palmer LLP
- -
- USA
- -
- July 22 2010
The U.S. Supreme Court recently asked the Solicitor General to file a brief on behalf of the United States expressing its views on whether the Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the "New York Convention") and the federal legislation that enforces it, the Federal Arbitration Act ("FAA"), are subject to the reverse preemption provision of the McCarran-Ferguson Act
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- Jurisdiction - USA
- Workarea - Insurance & Reinsurance
- Author - M Machua Millett
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