Top 10 Insurance Headlines from All Regions Last week, the interagency task force on Chinese drywall released the initial results of several studies it is overseeing. The current financial crisis is making corporate directors nervous. However, quitting may not be the right response in many cases, especially since even former directors remain vulnerable on several liability fronts. Choosing a domicile for a captive insurance company is a process of elimination. A UK High Court Judge has ruled that Equitas, (Berkshire Hathaway’s run-off vehicle), may recover reinsurance losses based on modelled calculations of the LMX Brandywine spiral, setting an important legal precedent. Three recent federal court decisions have split 2 to 1 over the viability of suits seeking damages arising out of green-house-gas (GHG) emissions and global warming impacts. Mr Perera’s employer leased and occupied the fifth floor of a building. The leased premises included a common area immediately in front of shopfronts forming the façade of the ground floor of the building. The nature of a construction project gives rise to the possibility of numerous individual defects or losses arising which may be brought together in one or more claims. Do you have a Loan with a lender which was signed before 6th April 2007 and which was for £25,000 or less (and which was a private loan ie not for business purposes)? If so it may be wholly unenforceable against you !! Amidst the wider discussions surrounding the cuts to public spending, there is talk of a possible tax overhaul for insurance companies in the forthcoming Pre-Budget Report. On October 14th, a Delaware Court of Chancery judge issued an 88-page opinion granting summary judgment to two insureds, Warren Pumps LLC ("New Warren") and Viking Pump, Inc. ("New Viking"), on critical issues of allocation and a corporate successorship. |