Following the success of its inaugural ILS Insight in Zurich last year, Guernsey Finance is hosting a follow up event on Wednesday 18 March at the British Museum in London.
Advocate Kate Storey, counsel for corporate and commercial at law firm Appleby in Guernsey, discusses how pension schemes are using ICCs to transfer longevity risk.
Dominic Wheatley (DW), chief executive of Guernsey Finance, spoke to Global Reinsurance on captives and Insurance Linked Securities (ILS).
Dickinson Wright PLLC
Early into the 114th Congress, multiple bills have already been introduced that would repeal the insurance industry’s limited antitrust exemption granted by the McCarran-Ferguson Act.
Insurers often provide their policyholders a defense pursuant to the duty to defend even though they disagree that the policy covers the underlying claims at issue.
In a case that has been closely watched by the oil and gas industry and its insurers, the Supreme Court of Texas issued its opinion in In re Deepwater Horizon on February 13, 2015.
Hunton & Williams
On May 4, 2007, City Art, Inc., the policyholder, was sued by DK Art Publishing, Inc., in a wide-ranging complaint alleging 20 causes of action involving thousands of art pieces...
Rumberger, Kirk & Caldwell, P.A.
In Chase v. Horace Mann Ins. Co., 2015 WL 686093 (Fla. February 19, 2015), the Florida Supreme Court addressed the amount of uninsured motorist (UM) coverage available under the auto insurance policy.
Clyde & Co
The recently enacted Terrorism Risk Insurance Program Reauthorization Act of 2015 (TRIPRA) provides for the establishment of a National Association of Registered Agents and Brokers (NARAB).
While there have been a number of high-profile data breaches in recent years, there have been few coverage lawsuits arising out of these breaches, presumably because cyber insurers have been paying claims.
On February 13, 2015, the Texas Supreme Court, in response to certified questions from the Fifth Circuit, held that BP was only entitled to limited coverage for Macondo related claims as an Additional Insured under Transocean’s insurance policies.
Strasburger & Price, L.L.P.
Additional insured provisions are a common risk allocation technique.
Clyde & Co
As a general matter, non-US reinsurers must post 100% collateral for reinsurance assumed from a US ceding company in order for the ceding company to receive credit for reinsurance on its statutory financial statements.
Ostrow Reisin Berk & Abrams
According to the ABA, 5% to 6% of all private attorneys face legal malpractice charges each year.
The Supreme Court answered the first question in the negative, and therefore did not reach the second question.
Pennsylvania courts continue to struggle with complex concepts underpinning when faulty workmanship can be an "occurrence" triggering coverage under Commercial General Liability policies.
The New York Department of Financial Services announced last week a series of measures it plans to take "to help strengthen cyber hacking defenses at insurers."
Being the last insurer to the settlement table may have lost some of its luster in California.
Policyholders hope and expect that their insurance companies will work with them to resolve claims promptly and fairly.