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Mf Global Holdings Reinsurer’s $15 Million Bond Struck By Bankruptcy Court And Leave To Appeal Rejected By New York Federal Court

by Carlton Fields on

Two courts in New York recently issued decisions concerning Allied World’s ongoing coverage dispute with MF Global Holdings Ltd. over the former’s bankruptcy. As previously reported on this blog, the Bankruptcy Court for the...more

Time Is Money: A Remedy for Delay in Settlement of Commercial Insurance Claims in the UK?

by Jones Day on

Section 13A of the Insurance Act 2015 ("Section 13A") implies a term into insurance policies issued or varied after that date that requires insurers to settle claim sums due within a "reasonable time". This new provision...more

Third Parties (Rights Against Insurers) Act 2010 Comes Into Effect Soon

by Morgan Lewis on

After years of delay, on 1 August 2016, the Third Parties (Rights against Insurers) Act 2010 will be brought into force in the United Kingdom, making it easier for a party with a claim against an insolvent business to bring...more

Convention on Supplementary Compensation for Nuclear Damage to Take Effect

by Morgan Lewis on

Japan recently submitted its instrument of acceptance to the International Atomic Energy Agency’s Convention on Supplementary Compensation for Nuclear Damage, triggering the CSC’s entry into force on April 15, 2015....more

IRS Denies Treaty Benefits Despite Lack of Treaty Shopping

by Bilzin Sumberg on

In Starr International Company, Inc., v. United States, the taxpayer (“Starr International Company, Inc.” or “SICO”) filed a complaint in the United States District Court for the District of Columbia seeking a tax refund from...more

Judge Finds Illinois Insurance Department's Policy Prohibiting Offshoring To Be Improper Rulemaking

by Polsinelli on

On November 27, 2013, the Circuit Court of Cook County, Illinois issued an Order in a lawsuit filed by the American Council of Life Insurers, Inc. ("ACLI") v Andrew Boron, Director of the Illinois Department of Insurance and...more

EU Court Strikes Down Iran Asset Freeze Sanctions: Council of the European Union Urged to Act with more Rigour

by McDermott Will & Emery on

In September 2013, the EU General Court annulled a series of asset freeze sanctions imposed by the Council of the European Union on a number of Iranian entities and one person. The General Court requires the EU regulators to...more

Health Alert (Australia) - September 16 2013

by DLA Piper on

In This Issue: - Judgments - Legislation - Reports - Excerpt from Reports: Australia. Department of Health & Ageing - ..7 September 2013 - Request for expression of interest for a clinical...more

Ninth Circuit Strikes Down California "Armenian Genocide" Insurance Claims Statute

by Hinshaw & Culbertson LLP on

In an 11-0 en banc published decision, the Ninth Circuit Court of Appeals struck down California Code of Civil Procedure section 354.4 which purported to recognize the Armenian Genocide. Section 354.4 revived the...more

Major Construction Projects - Key Risk and Insurance Strategies (Presentation)

by K&L Gates LLP on

In This Presentation: Insurance in Context: Construction Risk Management; What Insurance Can and Can’t Do; Consider/Anticipate all Stakeholders; Construction Risk Management; Insurance challenges: Market Conditions;...more

Insurers Entitled To Judgment On Default Against Syria for International Act of Terrorism Under New U.S. Statute

Certain Underwriters at Lloyd’s, London, et al. v. Great Socialist People’s Libian Arab Jamahiriya, et al., Civil Action No. 06-cv-731 (JMF) (D.D.C. 2011), are two actions. The primary remaining defendants include Syria and...more

Covering The Ripple Effect: How Insurance Can Help Offset Auto Industry Losses From The Recent Earthquake And Tsunami In Japan

by Gilbert LLP on

Originally published in Advisen FPN - May 16, 2011. Although the media properly has focused primarily on the human tragedy caused by the recent earthquake and tsunami in Japan, much also has been written about the...more

Earthquake and Tsunami in Japan – Global Impact

by Proskauer Rose LLP on

The extraordinary images and reports of the devastation from the Japan earthquake and tsunami are staggering. While the focus has understandably and appropriately been on the human toll and concern for the well-being of...more

Commissioner Poizner Files Suit Against Office of Administrative Law

by Hinshaw & Culbertson LLP on

On November 9, 2010, California Insurance Commissioner Steve Poizner issued a Press Release announcing that he is filing a lawsuit challenging the California Office of Administrative Law's (OAL) October 11, 2010,...more

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