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In an important decision with implications for cedents and reinsurers alike, the District Court for the District of Massachusetts, after a two-week bench trial, has held a reinsurer and its controlling officer liable under Chapter 93A (Massachusetts Unfair and Deceptive Trade Practices Act) for their bad-faith disavowal of a reinsurance agreement.

On October 9, 2007, Connecticut Attorney General Richard Blumenthal filed a state law antitrust complaint against Guy Carpenter, an international reinsurance intermediary of Marsh & McLennan Companies, Inc. and Excess Reinsurance Company, for whom Guy Carpenter acts as a general manager, alleging a series of conspiracies within the reinsurance industry to fix prices and output, foreclose competitors from access to markets, and allocate markets to eliminate competition for the purpose o

The National Association of Insurance Commissioners (NAIC) Spring 2016 National Meeting offered insight into numerous issues being considered by state commissioners nationwide.

This month the Treasury Department issued proposed regulations that affect many taxpayers making payments to foreign counterparties.

The National Association of Insurance Commissioners ("NAIC") has started to take steps to facilitate the implementation the reinsurance collateral provisions of the Covered Agreement entered into by the United States and European Union.

There are several different dates set by the Agreement that are relevant to the implementation of the Agreement.

The FRB permitted a bank holding company ("BHC") to deconsolidate, 50 percent from each of Tier 1 and Tier 2 capital, its investment in a consolidated financial guarantee reinsurance company that was consolidated with the BHC for GAAP purposes.

Earlier this year, the US Federal Housing Finance Agency ("FHFA") issued a Request for Input ("RFI") on the risks of climate change and natural disasters to the national housing finance markets...

It's been over a year since the CFPB turned the real estate settlement services industry on its head by announcing in its first ever administrative appeal that Section 8(c) of RESPA was not...

The Summer 2015 Meeting of the National Association of Insurance Commissioners (the "NAIC"), which concluded on August 18, saw further developments on issues that Duane Morris has been following.

The Department of Health and Human Services (HHS) has issued an interim final rule implementing the Early Retiree Reinsurance Program established under the Patient Protection and Affordable Care Act (PPACA) that permits sponsors of retiree medical plans to obtain government reimbursements for certain early retirees’ benefits.

During the Summer 2025 National Meeting of the US National Association of Insurance Commissioners (NAIC) in Minneapolis, Minnesota, the NAIC adopted the Actuarial Guideline LV: Application of the Valuation Manual...

In the decade and a half since Hurricane Andrew, the Florida property insurance market has been in a state of almost constant crisis.

In January 2025, an amending directive (Directive (EU) 2025/2, the Amending Directive) was passed that will result in some important changes...

It is rare for reinsurance disputes to come before the courts as many reinsurance policies provide for disputes to be resolved in confidential arbitrations.

Two recent decisions from the United States District Court for the Southern District of New York highlight the split among circuits.

The Hague Convention on Choice of Court Agreements (the "Convention" or "Hague Convention") was concluded on June 30, 2005. At present, the Convention is only an agreement in principle but, if signed and ratified by enough countries, it may offer businesses a viable alternative to arbitration for resolving international commercial disputes.

In the last year, the overall Latin American insurance market has continued to experience robust growth, estimated at 7.4% by Fundacion Mapfre for the first half of 2009 over the first half of 2008.