Lawmakers returned to Washington last week to continue the lame-duck session of the 111th Congress, clearing a short-term solution to the pending Medicare cuts for physicians. Meanwhile, the President’s bipartisan fiscal…more
Members of the House and Senate returned to Capitol Hill last week to continue the post-election lame-duck session. In addition to the remaining congressional agenda, the House GOP Steering Committee began its vetting process to…more
In This Issue: The Challenges for Secured Creditors in Insurance Insolvency: When Having a Secured Claim May Not Guarantee Payment 1-3; EAPD’s New Attorneys 3; Climbing the Twin Peaks: First Glimpses of the UK’s New Regulatory…more
In Stonebridge Underwriting Ltd v Ontario Municipal Insurance Exchange [2010] EWHC 2279 the Commercial Court ruled that the parties to a reinsurance contract placed at Lloyd’s using a typical London market slip policy form had…more
In a recent case, the Commercial Court has held that an underlying judgment against an insured did not conclusively determine the basis of liability for the purposes of that insured's claim under its product liability insurance…more
Over the past few years, liability insurers settling claims on behalf of policyholders have increasingly found themselves grappling with Medicare Secondary Payor obligations. These Medicare requirements are technical and…more
In a June 2010 Insurance & Reinsurance Review article entitled “The Cigarette Rule – Up in Smoke?”, we reported on a then-recent jury verdict in Artie’s Auto Body v. The Hartford Fire Insurance Company,1 in which a Connecticut…more
In the case of banking institutions dealing with the unique world of insurance insolvency, the results may not be as dramatic as in other cultural clashes, but they can be equally confused. This is because insurance insolvency…more
On 26 July 2010 Her Majesty’s Treasury (the Treasury) launched its consultation (the Consultation) on the implementation of financial regulation reforms, originally announced by the Chancellor of the Exchequer on 16 June 2010…more
In July 2010, the Act on Pursuing Claims in Group Proceedings dated December 17, 2009 (Journal of Laws from 2010, No. 7, item 44) (the Act), went into force, introducing class actions into the Polish legal system. Although it is…more
The Court of Appeal has handed down its long-awaited decision in the appeal of the Employers’ Liability Insurance “Trigger” Litigation. In a long and complex judgment, the Court of Appeal has overturned the main finding of the…more
On March 11, 2011, the Consumer Products Safety Commission (the “Commission”) will launch a publicly accessible database of consumer product incident reports. This new database has the potential to significantly impact how…more
New Information Returns For ISOs And ESPPs Due In 2011
Beginning in January 2011, employers must begin providing detailed transaction information to employees who have exercised incentive stock options (ISOs) or transferred…more
On November 22, 2010, the U.S. Department of Health and Human
Services (HHS) issued final regulations on the medical loss ratio requirements provided for in the Patient Protection and Affordable Care Act (PPACA).
The medical…more
There is often misunderstanding, frustration and occasionally anger when worlds collide. In the case of banking institutions dealing with the unique world of insurance insolvency, the results may not be as dramatic as other…more
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