Locke Lord LLP | European Union, United Kingdom | 30 Jul 2010
On 19 July 2010, the FSA sent a letter to UK insurance firms reminding them of the requirement that terms in legal expenses insurance must not detract from, or qualify in any way, an insured's freedom to choose a lawyer.
Locke Lord LLP | China, Hong Kong | 29 Jul 2010
On 20 July 2010, the Hong Kong Special Administrative Region and Beijing signed an historic agreement allowing Hong Kong to become the first yuan clearing centre outside mainland China.
Locke Lord LLP | USA | 21 Jul 2010
ERISA litigation, once considered a dull backwater of the law, has been gaining increased interest and attention in recent years: the result of an aging population and an increasingly sophisticated and aggressive plaintiffs' bar.
Locke Lord LLP | United Kingdom | 8 Jul 2010
On 6 July 2010, Lloyd's issued Market Bulletin Y4408 clarifying the reporting requirements of managing agents who underwrite broker errors and omissions (E&O) insurance.
Locke Lord LLP | United Kingdom | 2 Jul 2010
The case of Cosco Bulk Carrier Co. Ltd v Team-Up Owning Co. Ltd [2010] EWHC 1340 (Comm) was an appeal to the High Court of a decision by an arbitration panel.
Locke Lord LLP | European Union | 17 Jun 2010
On 29 April 2010, European Advocate General Kokott gave her opinion in the case of Akzo Nobel Chemicals Ltd & Akcros Chemicals Ltd v European Commission.
Locke Lord LLP | USA | 1 Jun 2010
The Texas Department of Insurance (“TDI”) has officially proposed regulations banning the use of discretionary clauses in insurance contracts.
Locke Lord LLP | United Kingdom | 25 May 2010
In the case of Kris Motor Spares Limited v Fox Williams LLP [2010] EWHC 1008 the High Court was asked to consider whether the successful party's after the event insurance premium was reasonable and as such could be recovered from the other side.
Locke Lord LLP | USA | 10 May 2010
In a first-of-its-kind victory for a state attorney general, the office of Connecticut Attorney General Richard Blumenthal won its case against an insurance brokerage whom the court found to have failed to disclose to consumers the contingent commissions it received from certain insurers.
Locke Lord LLP | USA | 26 Apr 2010
On April 23, 2010, Connecticut Attorney General Richard Blumenthal gave written testimony during to a hearing held by the U.S. Senate’s Permanent Subcommittee on Investigations regarding the nation’s financial rating agencies.