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Designation of "systemically risky" financial

USA - November 8 2011 The Financial Stability Oversight Council (FSOC) is reportedly considering reopening the public comment period on its systemic risk proposals....

Sean Keely.


Skiing accident: jurisdiction of the Guarantee Fund of Compulsory Damage Insurances

France - November 8 2011 The Guarantee Fund of Compulsory Damage Insurances (Fonds de garantie des assurances obligatoires de dommages - FGAO) intervenes in various fields such as hunting or road accidents in France, where the liable person is unknown or uninsured (Article L421-1 of the French Insurance Code)....

Sean Keely.


Proposed legislation would limit tax deductions for P&C insurers ceding to offshore affiliates

USA - November 8 2011 Legislation has been introduced in both the House and the Senate that would reportedly increase the tax bills of P&C insurers ceding US risks to offshore affiliates by US$12bn over the next decade....

Sean Keely.


Delaware Supreme Court tackles STOLI questions

USA - November 8 2011 The Delaware Supreme Court considered the legality of certain Stranger Originated Life Insurance (STOLI) arrangements under Delaware law in two recent cases....

Sean Keely.


Federal district court rules that LPT reinsurance agreement does not permit insured to “cut through” and claim against reinsurer

USA - November 8 2011 On 26 September 2011, the federal district court for the Northern District of Oklahoma granted a reinsurer’s motion to dismiss a third-party complaint brought by a policyholder against one of its insurers reinsurers....

Sean Keely.