United Kingdom - May 26 2011 Last year, the Law Commission questioned whether Section 53 of the Marine Insurance Act 1906 (the MIA) should be reformed (Issues Paper 8) and whether Section 22 of the MIA should be repealed (Issues Paper 9).
United Kingdom - March 9 2011 In our September 2010 issue of Insurance and Reinsurance Review, we reported on the Law Commission's proposed amendments to the duty of good faith as set out in Issues Papers 6 and 7.
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.
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").
USA - January 24 2011 Massachusetts Governor Deval Patrick has signed H.960 into law.