Effective July 24, 2018, New Mexico adopted the NAIC Credit for Reinsurance Model Regulation. New Mexico adopted the Model Rule as "part of a broad effort to modernize reinsurance regulation ...
Instead, the trial court entered a default judgment against Acosta, based on its admission that it had refused to pay the costs of the arbitration and the lack of evidence establishing its inability to do so.
On July 31, 2018, President Trump signed the National Flood Insurance Program Extension Act of 2018.
A group of minority shareholders of Acheron Portfolio Corporation Luxembourg S.A. have convinced a federal district court in New York to permit them to subpoena several large banks...
President Trump signed the Economic Growth, Regulatory Relief, and Consumer Protection Act into law on May 24, 2018. Section 211 of the law requires the Secretary of the Treasury ...
We previously reported on the Texas Legislature's passage in 2017 of Senate Bill 1070, which reduced collateral requirements for foreign reinsurers in order for domestic insurers to receive
This lawsuit centered around a contract providing a guaranty of performance in connection with an underlying broadband network access contract.
On May 8, 2018, the governor of Minnesota signed H.F. 3622, a bill implementing the 2011 NAIC Credit for Reinsurance Model Law and Regulations. The bill creates a new classification...
The U.S. Supreme Court ruled that agreements between an employer and an employee providing for individualized arbitration do not violate the National Labor Relations Act (NLRA).
Odyssey Reinsurance Company ("Odyssey") has obtained an order compelling John Scannell to produce subpoenaed documents related to Odyssey's efforts to collect a $3.2 million...
A Brazilian mining and steelmaking company (Companhia Siderurgica Nacional, S.A. ("CSN")), a Brazilian insurance company (IRB Brazil Resseguros, S.A. ("IRB")) ...
West Virginia House Bill 4230, approved by Governor Justice on March 27, amends the statutory requirements relating to when an insurer may claim credit for reinsurance to conform to the NAIC model law.
The court applied a two-part "intertwined-ness test" to determine whether an arbitration agreement allowed a non-signatory to invoke equitable estoppel to compel arbitration
A delegation clause that gave the arbitrators "exclusive jurisdiction over the entire matter in dispute, including any question as to its arbitrability," was found insufficient to require submission to the arbitrators ...
In a dispute over the scope of a mandatory arbitration provision, the Sixth Circuit rejected the argument that it is required by the Federal Arbitration Act's presumption ...
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