Articles

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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.

Ben Lewis

The guarantee fund of compulsory damage insurances does not cover judicial costs

France - November 8 2011 Following a road traffic accident, the driver of the car was sued before a Criminal Court.

Ben Lewis

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.

Ben Lewis

National Flood Insurance Program set to expire on 18 November 2011

USA - November 8 2011 As reported in our prior bulletins, the funding problems of the National Flood Insurance Program (NFIP) persist despite Hurricane Irene’s impact and the resulting flooding.

Ben Lewis

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.

Ben Lewis