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New York appeals court dismisses suit against MBIA Inc. over bond insurer’s financial restructuring

USA - January 25 2011 A New York appeals court recently dismissed one of two lawsuits filed against MBIA Inc. (“MBIA”) by more than a dozen major financial institutions concerning the bond insurer’s financial restructuring.

Gregory S. Hoffnagle, Victoria Anderson.

FTC requests comment on privacy framework

USA - January 25 2011 The Federal Trade Commission (the "FTC") recently released a preliminary staff report entitled Protecting Consumer Privacy in an Era of Rapid Change: A Proposed Framework for Businesses and Policymakers, proposing a normative framework for company protection of consumers' privacy (the "Proposed Framework").

Gregory S. Hoffnagle, Victoria Anderson.

New Massachusetts law permits property carriers to exclude terrorism-caused fire loss

USA - January 24 2011 Massachusetts Governor Deval Patrick has signed H.960 into law.

Gregory S. Hoffnagle, Victoria Anderson.

Healthcare news from Capitol Hill and the Department of Health and Human Services - January 24, 2011

USA - January 24 2011 On January 7, the Centers for Medicare and Medicaid Services (CMS) released a proposed rule to establish a value-based purchasing (VBP) program to reward hospitals for providing safe, high-quality care.

Gregory S. Hoffnagle, Victoria Anderson.

Second Circuit denies cedent's motion for a rehearing in follow the fortunes case

USA - January 21 2011 We recently blogged about the Second Circuit's decision in Arrowood Surplus Lines Ins. Co. v. Westport Ins. Corp., No. 10-cv-0397 (2d Cir. 2010), in which an appellate panel held that a reinsurer had no obligation to indemnify its cedent for losses outside the scope of the treaty at issue.

Gregory S. Hoffnagle, Victoria Anderson.