In a recent case, Helmot v Simon (Guernsey Unreported Judgment, 14 September 2010), the Guernsey Court of Appeal provided a UK record for the highest personal injury compensation payment, with the claimant receiving £13.7 million in compensation for personal injuries caused by a road traffic accident.
The past two weeks brought several notable healthcare developments, as the Department of Health and Human Services (HHS) continued preparations for implementation of the new healthcare reform law - Public Law (PL) 111-148.
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has recently published the findings of its EU-wide stress test exercise for the insurance sector.
The Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) has announced that it will run an EU-wide stress test for Europe's largest insurers during December.
In the World Economic Forum’s recently-released "Financial Development Report 2009," Peru was ranked number one in the world for macroeconomic prudence.
Eduardo Recinos, Insurance Director for Fitch Centroamerica, reportedly commented recently that the true volume of insurance sales in Costa Rica is obscured by illegal sale of foreign insurance, and that he does not expect either the opening of the Costa Rican insurance market to private competition or the creation of an insurance regulator to eradicate the problem.