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Chinese drywall Judicial Panel on Multi-District Litigation rules that matter involving North American manufactured drywall should not be transferred to Chinese Drywall MDL
- Edwards Wildman Palmer LLP
- -
- USA
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- December 30 2009
On December 2, 2009 the Judicial Panel on Multi-District Litigation ("JPML") ruled that an action alleging damage from North American manufactured drywall should not be transferred to the federal Chinese Drywall Multi-District Litigation ("MDL") pending in the Eastern District of Louisiana (In Re: Chinese-Manufactured Drywall Product Liability Litigation, MDL No.2047
Minnesota Department of Commerce revokes producer license in an insurable-interest case
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 29 2009
In April 2009, the Minnesota Department of Commerce (the "Department") summarily suspended the insurance licenses of Michael Antonello and the insurance agency for which he served as chairman, Wealth Management Advisors, LLC ("Wealth Management"), for alleged dishonest practices in connection with the sale of life insurance policies and related Stranger Originated Life Insurance ("STOLI") transactions
Congress approves another short-term extension of the NFIP through February 28, 2010
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 22 2009
Congress recently approved another short-term extension of The National Flood Insurance Program ("NFIP") through February 28, 2010
A.I.G. to list American International Assurance on the Hong Kong stock exchange
- Edwards Wildman Palmer LLP
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- USA
- -
- December 22 2009
According to recent reports in the New York Times and Financial Times, A.I.G. plans to list its Asian life insurance unit, American International Assurance (“A.I.A.”), on the Hong Kong stock exchange by year’s end
Maryland insurance commissioner steps down
- Edwards Wildman Palmer LLP
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- USA
- -
- December 21 2009
On December 16, 2009, the Maryland Insurance Administration (“MIA”) issued a media advisory announcing that Ralph S. Tyler will step down as Commissioner of the MIA effective January 8, 2010
NAIC subgroup adopts White Paper on Alternative Mechanisms for Troubled Companies
- Edwards Wildman Palmer LLP
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- USA
- -
- December 15 2009
During the National Association of Insurance Commissioners’ (NAIC) winter meeting, the Restructuring Mechanisms for Troubled Companies (E) Subgroup adopted the "White Paper on Alternative Mechanisms for Troubled Companies" (the "White Paper"
Federal court confirms foreign arbitration award, even though appeal of award in foreign jurisdiction was pending
- Edwards Wildman Palmer LLP
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- USA
- -
- December 15 2009
Plaintiff China National Chartering Corp. (“CNCC”) petitioned the U.S. District Court for the Southern District of New York to confirm an arbitration award rendered in its favor against defendant Pactrans Air & Sea, Inc. (“Pactrans”) by the China Maritime Arbitration Commission (“CMAC”
Details of House-passed financial regulatory reform legislation
- Edwards Wildman Palmer LLP
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- USA
- -
- December 14 2009
On Friday, the House passed its 1,200 page package of nine bills to reform the U.S. financial regulatory system by a vote of 223-202
Florida legislator seeks de-regulation of rates for property insurance that covers risk of windstorm or hurricane
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 14 2009
On December 8, 2009, State Representative Bill Proctor filed HB 447, An Act Relating to Residential Property Insurance, in the Florida Legislature
Proposed insurance producer transparency regulation is published in the New York State Register; prompts insurance industry trade group to prepare for suit against regulators
- Edwards Wildman Palmer LLP
- -
- USA
- -
- December 11 2009
The New York Insurance Department (the "Department") has drafted a new regulation regarding the transparency of insurance producer compensation
Current Search
- Jurisdiction - USA
- Workarea - Insurance & Reinsurance
- Author - Helen Clark