Locke Lord LLP | United Kingdom | 14 Oct 2009
In Secretary of State for Transport v Stagecoach South Western Trains Ltd [2009] EWHC 2431, the High Court decided that a dispute over the method of calculation of future payments under a franchise agreement came within the relevant arbitration clause.
Locke Lord LLP | United Kingdom | 14 Oct 2009
In its latest update published today, the Law Commission has confirmed that it intends to publish a final report and draft Bill focused on the reform of consumer insurance law in December 2009.
Locke Lord LLP | United Kingdom | 14 Oct 2009
A new study has revised the projected rate of UK mesothelioma deaths.
Locke Lord LLP | United Kingdom | 13 Oct 2009
The High Court's decision in R&R Development Ltd v AXA Insurance UK Plc [2009] EWHC 2424 (Ch) concerned the issue of whether ambiguous questions in a proposal form for a contract of insurance could be construed by following the Contra Proferentem principle without the need for the court to decide upon the correct interpretation of the questions.
Locke Lord LLP | USA | 9 Oct 2009
The Association of Insurance and Reinsurance Run-Off Companies ("AIRROC") has announced the formal launch of the Dispute Resolution Procedure ("DRP"), an expedited binding arbitration procedure especially designed for small and less-complicated claims.
Locke Lord LLP | United Kingdom | 7 Oct 2009
In our previous blogs on the Payment Protection Insurance (PPI) market, we discussed the Competition Commission's Final Report published on 29 January 2009 and the Financial Services Authority's (FSA) response.
Locke Lord LLP | USA | 7 Oct 2009
The Connecticut Appellate Court recently affirmed a lower court’s grant of summary judgment in favor of an insurer based on its determination that the insured breached the insurance policy’s cooperation clause by failing to provide copies of requested tax returns.
Locke Lord LLP | USA | 6 Oct 2009
Plaintiff Callon Petroleum Company ("Callon") commenced an action against National Indemnity Company ("NICO") to recover for a judgment Callon obtained against NICO’s cedent, Frontier Insurance Company ("Frontier").
Locke Lord LLP | European Union | 6 Oct 2009
The European Commission announced on 23 September 2009 the adoption of legislative proposals to strengthen financial supervision in Europe in the wake of the global financial crisis.
Locke Lord LLP | USA | 5 Oct 2009
The Massachusetts Secretary of the Commonwealth, William Galvin, recently announced an investigation into how credit rating agencies evaluate and rate the securitization of life settlements (i.e. life insurance policies sold by the insured to a third party).