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Insurance coverage required for expansion of Panama Canal expected to exceed $100 million
- Edwards Wildman Palmer LLP
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- Panama
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- September 4 2009
The Panama Canal Authority (ACP) has reportedly indicated that it expects its total insurance coverage needs for the expansion of the Panama Canal to exceed $100 million
Court of Appeal seeks guidance from Europe on an insurer's right of recovery under the Road Traffic Act 1988
- Edwards Wildman Palmer LLP
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- United Kingdom
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- May 26 2010
The Court of Appeal has asked for guidance from the Court of Justice of the European Union on the compatibility with Community law of a provision in the Road Traffic Act 1988 (the RTA) governing an insurer's right of recovery
London insurers: Iran on high risk area list as sanctions loom
- Edwards Wildman Palmer LLP
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- Iran, United Kingdom
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- March 31 2010
According to a recent report from Reuters, London's marine insurance market has added Iran to a list of areas deemed high risk
Underwriters obliged to disclose confidential documents following fraud by third party
- Edwards Wildman Palmer LLP
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- United Kingdom
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- November 4 2010
Underwriters can be ordered to disclose documents related to an application against them for a third party costs order under the Senior Courts Act s
Law Commission publishes Issues Paper 9 proposing repeal of the need for a formal marine policy
- Edwards Wildman Palmer LLP
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- United Kingdom
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- November 5 2010
On 29 October 2010, the Law Commission published an Issues Paper on whether the requirement for a formal marine policy under section 22 of the Marine Insurance Act 1906 should be repealed
Commission announces investigation into international group of P&I clubs
- Edwards Wildman Palmer LLP
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- European Union
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- August 27 2010
On 26 August 2010, the European Commisson (the Commission) opened a competition investigation into the maritime insurance sector, in particular the agreements between the Protection & Indemnity (P&I) Clubs within the International Group of P&I Clubs (the International Group), a worldwide association of thirteen P&I Clubs
English Commercial Court considers the effect of sanctions on a P&I club
- Edwards Wildman Palmer LLP
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- United Kingdom
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- November 10 2010
In Islamic Republic of Iran Shipping Lines v Steamship Mutual Underwriting Association (Bermuda) Limited 2010 EWHC 2661 (Comm) the Commercial Court had to assess the impact of the Financial Restrictions (Iran) Order 2009 (the Order), and a licence made under it (the Licence), on the provision of marine professional and indemnity (P&I) insurance
Marine insurance - non-disclosure and seaworthiness
- Edwards Wildman Palmer LLP
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- United Kingdom
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- November 3 2010
Garnat Trading & Shipping (Singapore) PTE LTD (Garnat) and Vung Tau Shipbuilding Industry Joint-Stock Company (Vung Tau) v Baominh Insurance Corporation (Baominh) 2010 EWHC 2578 (Comm), concerned the loss of a floating dock (carrying a floating workshop) which sank in the course of being towed on a voyage from Vladivostok in Russia to Vung Tau in Vietnam
Lloyd's will not insure or reinsure petroleum shipments to Iran
- Edwards Wildman Palmer LLP
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- United Kingdom
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- July 13 2010
According to a recent Reuters article, Lloyd's of London, the world's largest insurance market, has said it will comply with sanctions signed into law by President Obama on July 1
Iran's shipping industry suffers as foreign insurers withhold coverage
- Edwards Wildman Palmer LLP
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- Iran
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- July 28 2010
According to a recent article in the Washington Post, "Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say."
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- Workarea - Shipping & Transport
- Workarea - Insurance & Reinsurance
- Firm Name - Edwards Wildman Palmer LLP
- Author - Jeanne Kohler
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