Mondaq All Regions: Insurance
Companies should implement amendments to contracts and update compliance materials, to comply with the new regime.
The levy could be costly for owners of large commercial and industrial buildings, and for tenants liable for outgoings.
The Australian Stock Exchange Listing Rules 3.1, 3.1A and 3.1B, and Guidance Note 8 concerning continuous disclosure obligations came into effect on 1 May 2013.
A discussion which looks at when will a contractual provision purporting to shorten a statutory limitation period be effective.
In Branco v. American Home Assurance Co., Justice Acton of the Saskatchewan Court of Queen's Bench awarded a combined total of C$4.5-million in punitive damages against the two defendant insurers.
In a recent decision handed down by the High Court, Yau Tsz Hin v. Broadway Theatre Company Limited, HCPI 674 of 2010, the cinema successfully defended a 'slip and fall' claim lodged by its patron.
Cross lease property owners must become familiar with the terms of the lease before settling EQC or insurance claims.
A recent Court of Appeal case, has fired a warning shot that the costs of preparation could be disallowed if skeleton arguments are not kept as concise as possible.
A list of caselaw discussions summarising the latest insurance and reinsurance updates.
On 24 April 2013 the DIFC Court of First Instance issued an important judgment accepting jurisdiction over a dispute between a DIFC-based reinsurer and an Abu Dhabi based insurance company.
On 24 April 2013 the DIFC Court of First Instance issued an important judgment accepting jurisdiction over a dispute between a DIFC-based reinsurer and an Abu Dhabi based insurance company.
The China Insurance Regulatory Commission promulgated the Notice on Relevant Issues regarding Investment and Shareholding of Limited Partnership Equity Investment Enterprises in Insurance Companies.
According to a New York appellate court, insurers may still disclaim coverage years after underlying litigation commenced, if the insurer’s delay in doing so did not prejudice the insured.
In Corenbaum v. Lampkin, --- Cal.Rptr.3d ----, 2013 WL 1801996 (Cal.App. 2 Dist.), the court made it clear that when calculating damages in a personal injury lawsuit, the projected value of future medical services must be based upon the amount paid.
If you are a subrogation professional who handles construction defect claims in Texas, you may have heard references to the case of Ewing Construction Company v. Amerisure Insurance Company, 684 F.3d 512 (5th Cir. 2012).
Senate Bill 814 Proposes Sweeping And Retroactive Changes To Environmental Claims Handling In Oregon
On March 13, 2013, the Oregon legislature introduced Senate Bill 814.
A discussion on a recent case where the United States Court of Appeals for the Third Circuit, applying Pennsylvania law, reversed the district court’s summary judgment order holding that a general liability insurer had a duty to defend and indemnify a policyholder in a lawsuit seeking damages resulting from an accident occurring off the policyholder’s premises.
On Monday of this week, the Massachusetts’s Division of Insurance issued a bulletin mandating prompt investigation of business interruption, property damage and medical insurance claims by policyholders victimized by the Boston Marathon bombings.
In a line of recent cases, the 2nd Circuit has limited ERISA plaintiffs’ claims for breach of the duty of prudence by holding that investments of benefit plan funds in employer securities pursuant to plans calling for such investments are presumptively prudent and dismissing claims at the motion to dismiss stage.
As reported in our November 2012 Client Alert entitled Latest Regulatory Developments Concerning Unclaimed Life Insurance Benefits, a few states have passed new laws governing claims investigation practices to address the issue of unclaimed life insurance benefits.
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The Patient Protection and Affordable Care Act has gone from a distant deadline to an imminent reality, with the controversial "play or pay" provisions scheduled to take effect on January 1, 2014.
The New Zealand maritime scene has been dominated by the consequences of the grounding of the Rena at Tauranga.
A recent UK decision considering the 9/11 terrorist attacks has removed uncertainty in the reinsurance market.
On January 17, 2013, the Internal Revenue Service (IRS) released 544 pages of final regulations implementing the provisions of the Foreign Account Tax Compliance Act.
A commentary on a recent decision in the case of Engineering & Construction Innovations, Inc., v. L. H. Bolduc Co., interpreting a subcontractor's agreement to indemnify a contractor, the subcontractor's contractual obligation to procure insurance to cover that indemnity agreement and the impact of the Minnesota anti-indemnification statute on such contract provisions.
Workers who claimed for compensation prior to 19 June 2012 can make a further claim of deterioration of their condition.
An award for damages is not to fulfil ideal requirements for an injured person, but rather the reasonable requirements.
This case was the first decision on the proportionate liability regimes enacted throughout Australia in the early 2000s.
A discussion on a recent decision where it was held that an insurer must continue to defend its insured even after paying out the policy limits to the plaintiffs.
In the wake of the financial crisis, global regulators have endeavored to undertake significant regulatory reform of the swaps markets.
