Insurance

This Law Firm Publication by Wiley Rein LLP discusses Great Am. Assur. Co. v. Am. Cas. Co. of Reading, Pa., 2013 WL 85826 (6th Cir. 2013). In this case before the US Court of Appeals for the Sixth Circuit, the court held that, under Kentucky law, when other insurance provisions in two policies conflict, an "excess" other insurance provision will prevail over an "escape" other insurance provision that excludes coverage solely on the basis of the existence of other insurance. The publication discusses the case's factual background and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses the standards courts use to determine whether an insurer has a duty to defend an additional insured (or purported additional insured). The publication examines the unique questions that may lead courts to undertake a more expansive examination of this duty.

This Law Firm Publication by Wiley Rein LLP discusses A.P. Pino & Assocs., Inc. v. Utica Mut. Ins. Co., 2012 WL 2567093 (E.D. Pa. July 3, 2012). In this case before the US District Court for the Eastern District of Pennsylvania, the court held that under Pennsylvania law, a retroactive date in an errors and omissions liability policy precluded coverage despite the insureds' mistaken understanding regarding the scope of coverage. The publication discusses the case's factual background and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Ciena Capital LLC v. XL Specialty Ins. Co., No. 651452/2010 (N.Y. Sup. Ct. Mar. 26, 2012), a case where the Supreme Court of New York, New York County held that a policy's pending and prior proceedings exclusion did not bar coverage for a qui tam action brought against an insured lender. The publication discusses the case's factual background and the court's legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Philadelphia Indem. Ins. Co. v. AGCO Corp., 2012 WL 1005030 (N.D.Ga. Mar. 23, 2012), a case where the US District Court for the Northern District of Georgia held that a pre-suit letter from a claimant to an insured, which demanded the insured resume certain suspended services and threatened legal action, was a claim. The publication discusses the case's factual background and the court's legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses the factual background and the court's legal holdings in Ryerson Inc. v. Fed. Ins. Co., No. 09 C 4173 (7th Cir. Apr. 12, 2012). In this case, the US Court of Appeals for the Seventh Circuit held that an insured's payment to resolve allegations that the insured fraudulently induced the purchase of its subsidiary at an artificially inflated price did not constitute an insurable loss under Illinois law.

This Law Firm Publication by Wiley Rein LLP discusses Sharp Realty and Mgmt., LLC v. Capitol Specialty Ins. Corp., 2012 WL 2049817 (N.D. Ala. May 31, 2012). In this case before the US District Court for the Northern District of Alabama, the court found no coverage under either of two successive claims-made miscellaneous errors and omissions policies on the basis that the claim was not timely reported under the first policy and was not first made within the policy period of the second policy. The publication discusses the factual background of the case and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Ulster Cnty. v. CSI, Inc., 95 A.D.3d 1634 (N.Y. App. Div. 2012). In this case before the New York Supreme Court, Appellate Division, the court held that an insurer was not relieved of its duty to defend its insured based on a policy's prior knowledge exclusion where the evidence did not establish that the insured had subjective knowledge of relevant facts that would have given a reasonable person a basis to expect a claim. The publication discusses the case's factual background and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Coats, Rose, Yale, Ryman & Lee, P.C. v. Navigators Specialty Ins. Co., 2012 WL 4858194 (5th Cir. Oct. 15, 2012). In this case, the US Court of Appeals for the Fifth Circuit held that under Texas law, an insurer's reservation of rights did not create a conflict of interest entitling an insured to select independent counsel to defend an underlying legal malpractice lawsuit. The publication discusses the case's factual background and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Conn. Ins. Guar. Assoc. v. Drown, 37 A.3d 820 (Conn. App. Ct. 2012), a case where the Appellate Court of Connecticut held that an exclusion for injury arising solely from the rendering of professional services by individual physicians unambiguously barred coverage for a medical malpractice action. The publication discusses the factual background of the case and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Dobson v. Twin City Fire Insurance Company, 2012 WL 2708392 (C.D. Cal. July 5, 2012). In this case before the US District Court for the Central District of California, the court held that under California law claims for restitutionary relief are uninsurable as a matter of law. The publication discusses the case's factual background and the court's ultimate legal holdings.

This Law Firm Publication by Wiley Rein LLP discusses Foster v. Westchester Fire Ins. Co., 2012 WL 2402895 (W.D. Pa. June 26, 2012). In this case before the US District Court for the Western District of Pennsylvania, the court held that under Pennsylvania law, an insurer has the burden of proof on whether at the inception of the policy an insured has a reasonable basis to believe that an act or omission might result in a professional liability claim. The publication discusses the case's factual background and the court's ultimate legal holdings.

A discussion of key provisions in M&A agreements in the insurance industry in private acquisitions and public mergers. This Note includes links to recent deals summarized in PLC What's Market and will be updated quarterly.

The new Reinsurance Regulatory Framework was introduced in February 2011 in Argentina, aiming to create a local reinsurance market. This article examines the regime in force prior to the implementation of this far-reaching regulation and explains the principal features of the new regime. The pertinent content requirements applicable to reinsurance contracts are analysed, together with the regulation of the activities of reinsurance brokers under the new regime. Finally, the timeframe for the implementation of the new regime is also examined. This article is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of contents visit www.practicallaw.com/insurance-mjg.

In this practice note, Ian Poynton and James Smethurst, partners in Freshfields Bruckhaus Deringer LLP's Financial Institutions Group, outline progress on the Solvency II project and consider how it may evolve over the next few years. The final text of the level 1 Solvency II Directive (2009/138/EC) was published in the Official Journal of the European Union on 17 December 2009. Please note that this practice note reflects the legal position as at February 2010. For information on developments since then, see Practice notes, Solvency II: an overview and Solvency II resources.

This Skadden, Arps, Slate, Meagher & Flom LLP memorandum discusses the passage of comprehensive health care reform legislation. The $940 billion package of legislation, which will provide coverage to an estimated 32 million Americans, will impact every sector of the U.S. health care system, including health insurance plans, hospitals and providers, drug and device manufacturers, health information technology companies and others.

This Skadden, Arps, Slate, Meagher & Flom LLP memorandum discusses the Patient Protection and Affordable Care Act and accompanying reconciliation act, which made major changes to federal health care fraud, abuse and compliance laws and requirements.

This Skadden, Arps, Slate, Meagher & Flom LLP memorandum discusses how the Dodd-Frank Act affects insurance companies. The Financial Stability and Oversight Council, created by the Act, will have the power to require that a nonbank financial company, which may include an insurance company, be subject to prudential regulation (including capital requirements, leverage limits, liquidity requirements and examinations) by the Federal Reserve.

This Simpson Thacher & Bartlett LLP memorandum discusses recent court rulings on pro rata allocation, the meaning of "irritant" under a pollution exclusion, the scope of director and officer (D&O) liability insurance, medical monitoring claims under a general liability policy, use of extrinsic evidence in determining an insurer's defense obligations, and coverage under an "additional insured" provision in a contractor or sub-contractor's general liability policy. The memo also discusses court rulings on the availability of excess coverage where a policyholder settles with a primary insurer for less than the policy limits, and New York's bond posting requirement for non-resident plaintiffs.

This Law Firm Publication by Simpson Thacher & Bartlett LLP discusses recent decisions, including decisions relating to a first-party bad faith claim, advertising injury coverage for fax blasting claims and the scope of coverage for employee theft under a fidelity policy. This publication also discusses the Supreme Court's pending review of whether a plaintiff can avoid removal under the Class Action Fairness Act by stipulating to damages that are less than the minimum amount in controversy required under the Act.

This Simpson Thacher & Bartlett LLP memorandum discusses developments related to the "follow the fortunes" doctrine in a reinsurance action; the filed rate doctrine in fraud claims against an insurance company; a claim that an insurance company fraudulently induced a policyholder to sign a settlement release; sanctions for e-discovery violations; work-product protections related to expert opinions; offsets under business interruption coverage for income earned by the policyholder; the impact of Rhode Island's direct action statute for claims against insurers of bankruptcy company to exhaustion requirements in excess policies; whether faulty manufacture where damages are "highly probable" constitutes an occurrence; the effect of a delayed reservation of rights on claims of bad faith and whether contribution and indemnity claims against a company in bankruptcy are barred by Bankruptcy Code section 502(e)(1)(B).

This Simpson Thacher & Bartlett LLP memorandum discusses court decisions on applying pollution exclusions in non-traditional contexts, coverage under an additional insured provision, and the filed rate doctrine. It also analyzes rulings related to oral settlement agreements, subrogation to obtain a pro rata allocation of defense and settlement costs from a co-insurer, attorney-client privilege, and the meaning of the terms "accident" and "occurrence" in claims involving intentional crimes and faulty workmanship, respectively.

This Simpson Thacher & Bartlett LLP memorandum discusses court rulings regarding alleged fraud by insurers in shifting costs to the National Flood Insurance Program after Hurricane Katrina, the interpretation of a pollution exclusion to silica dust exposure claims, an insurance broker's duty to disclose its compensation under New York common law, the annualization of aggregate limits under a multi-year excess policy and the nontransferability of insurance coverage to a successor property owner by operation of law. It also discusses several rulings related to discovery, including two decisions interpreting the Freedom of Information Act and a ruling addressing the scope of the "common interest" privilege. The memorandum also addresses decisions regarding arbitrator conflicts of interest and bankruptcy courts' jurisdiction over proceedings filed by asbestos trusts.

This Simpson Thacher & Bartlett LLP memorandum discusses court decisions relating to defense cost reimbursements, property damage under general liability policies, anti-assignment clauses and the validity of an arbitration provision in a multi-party reinsurance treaty. It also discusses a South Carolina statute that defines faulty workmanship as an occurrence in commercial general liability policies covering construction work and a Delaware court ruling on the impact of a "lot or batch" clause in a commercial umbrella liability policy on the policy's definition of the term "occurrence." Court rulings on the scope of removal under the Class Action Fairness Act (CAFA), the application of a pollution exclusion to defective drywall claims and reimbursement of e-discovery costs are also detailed.

This Law Firm Publication by Simpson Thacher & Bartlett LLP discusses recent decisions, including decisions relating to an insurer's duty to settle, rescission of a policy based on a policyholder's misrepresentations, late notice, and the "Insured v. Insured" exclusion in a D&O policy. This publication also discusses a ruling relating to a “no-transfer” clause and a Fourth Circuit preemption decision.

This Simpson Thacher & Bartlett LLP memorandum discusses a ruling in a Delaware suit relating to the "number of occurrences" under an excess liability policy; a Fifth Circuit decision that allows the Comer climate change lawsuit to proceed; a Third Circuit ruling overruling its "accrual test" precedent for determining the existence of a claim in bankruptcy; a Virginia district court ruling applying a pollution exclusion and other policy exclusions to bar coverage for Chinese drywall-related claims; a California Supreme Court decision finding ambiguity in a liability policy containing an intentional acts exclusion and a separation-of-insureds provision; a judicial panel's refusal to transfer Chinese drywall insurance coverage disputes to a multidistrict litigation where the underlying cases are pending; two reinsurance decisions on the application of the "follow the settlements" doctrine; a Wisconsin Supreme Court ruling that an excess insurer's duty to defend is not conditioned upon exhaustion of policy limits; and a New York federal court decision on the forfeiture of the right to dispute attorneys' fees under the "account stated" doctrine.

This Simpson Thacher & Bartlett LLP memorandum discusses a variety of rulings relating to minimum statutory requirements for property insurance under New York law, the transferability of certain insurance coverage rights despite an anti-assignment clause, the scope of advertising injury and the insurability of SEC disgorgement payments. It also addresses recent decisions relating to the consolidation of arbitrations, pro rata allocation of indemnity costs, the viability of contribution claims among insurers, and an insurer’s right to select defense counsel. Finally, it summarizes significant recent changes to federal statutory law governing jurisdiction and venue.

This Law Firm Publication by Simpson Thacher & Bartlett LLP discusses recent decisions relating to subrogation claims, broker liability, pro rata allocation and the retroactive application of insurance-related legislation. This publication also discusses likely insurance and reinsurance issues in potential coverage litigation arising out of Hurricane Sandy.

This Simpson Thacher & Bartlett LLP memorandum discusses court decisions regarding directors & officers (D&O) insurance coverage, pollution exclusions in general liability policies, the nature and scope of arbitration awards, and the purchase and transfer of life insurance policies.

This Simpson Thacher & Bartlett LLP memorandum discusses court decisions relating to contingent business interruption coverage in the wake of natural disasters, the impact of "other insurance" clauses in policies issued to a mutual insured, and the invalidity of a class action waiver in an arbitration clause. It also discusses rulings on subrogation, the non-transferability of insurance coverage, and coverage for Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) costs and faulty workmanship under general liability policies.

This Simpson Thacher & Bartlett LLP memorandum discusses issues regarding business interruption insurance coverage for claims arising from the oil spill in the Gulf of Mexico, including whether a claimed business interruption loss was caused by physical damage to the insured property (rather than by the broader impact of the catastrophe at large), and how courts in Gulf states will measure that business interruption loss.

This Standard Document is a form for a notice letter for a policyholder to send to its insurance company when a third-party claim has been brought against the policyholder and coverage for the claim may be available under the policyholder's claims-made insurance policy.

This Kelley, Drye & Warren LLP memorandum discusses recent cases finding coverage under comprehensive general liability (CGL) policies for costs incurred defending claims under the Telephone Consumer Protection Act (TCPA) against entities that fax unsolicited advertisements (blast faxes) to individuals and businesses.

This Kelley Drye & Warren LLP memorandum discusses the impact of the New York Court of Appeals' decision in Kramer v. Phoenix Life Insurance Company, in which the Court held that a person may procure and immediately transfer a life insurance policy to another person without an insurable interest in that life, even if the policy was obtained solely for that purpose.

This Kelley, Drye & Warren LLP memorandum discusses the various types of business interruption coverage available to businesses that have suffered as a result of volcanic ash, flooding, and the oil spill in the Gulf of Mexico.

Resources to assist policyholders understand key issues of insurance coverage and recovery.

A Q&A guide to insurance and reinsurance law in Turkey. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Turkey. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in the United Arab Emirates, including the Dubai International Financial Centre (DIFC). The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in the United Arab Emirates, including the DIFC. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in the Russian Federation. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in the Russian Federation. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Switzerland. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Switzerland. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in South Korea. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in South Korea. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Mexico. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Mexico. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Italy. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Italy. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance in Indonesia. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the regulation of insurance and reinsurance contracts; the corporate structure of insurers and reinsurers; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities, including authorisation/licensing requirements; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Indonesia. To compare answers across multiple jurisdictions visit the Insurance and reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Hong Kong. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Hong Kong. To compare answers across multiple jurisdictions visit the Insurance and reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in France. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in France. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in China. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in China. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Brazil. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Brazil. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Austria. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Austria. To compare answers across multiple jurisdictions visit the Insurance and Reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

A Q&A guide to insurance and reinsurance law in Argentina. The Q&A gives a high level overview of the market trends and regulatory framework in the insurance and reinsurance market; the definitions for a contract of insurance and a contract of reinsurance; the regulation of insurance and reinsurance contracts; the forms of corporate organisation an insurer can take; and the regulation of insurers and reinsurers, including regulation of the transfer of risk. It also covers: operating restrictions for insurance and reinsurance entities; reinsurance monitoring and disclosure requirements; content requirements for policies and implied terms; insurance and reinsurance claims; remedies; insolvency of insurance and reinsurance providers; taxation; dispute resolution; and proposals for reform. Finally, it provides websites and brief details for the main insurance/reinsurance trade organisations in Argentina. To compare answers across multiple jurisdictions visit the Insurance and reinsurance Country Q&A tool. This Q&A is part of the PLC multi-jurisdictional guide to insurance and reinsurance. For a full list of jurisdictional Q&As visit www.practicallaw.com/insurance-mjg.

The Islamic Financial Services Board (IFSB) has published for consultation exposure drafts on the standard on risk management for Islamic insurance (Takaful) undetakings and on the standard for revised capital adequacy for institutions offering Islasmic financial services.

This Checklist identifies steps that a commercial policyholder should take when it suffers a property loss and financial losses arising from property damage and intends to file a claim with its insurance company.

This Note discusses directors and officers liability (D&O) insurance, focusing on key types of D&O insurance coverage, policy terms, conditions and exclusions.

A checklist of important questions and issues to consider when choosing an insurance carrier for D&O insurance.