http://www.insuranceday.com/insday/international/rss.xml?channelName=INTERNATIONAL Latest LEGAL & REGULATORY articles from www.insuranceday.com http://static.informaprofessional.com/insday/img/insuranceday.png http://www.insuranceday.com http://www.insuranceday.com/insday/viewArticle.htm?id=253791&rss=true No use of “the Fifth” for Stanford if he wants more Lloyd’s money. ALLEGED fraudster Allen Stanford, along with Laura Pendergest-Holt, Gilberto Lobez and Mark Kuhrt, will not be able to invoke the Fifth Amendment against interogatories from ... Fri, 10 Sep 2010 07:09:06 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253791&rss=true 2010-09-10T07:09:06Z http://www.insuranceday.com/insday/viewArticle.htm?id=253789&rss=true Explorer quits Florida because of fraud. CALIFORNIA-headquartered Explorer Insurance has pulled out of the Floridian motor insurance market, stating in a September 3 letter to its more-than 400 authorized agents that “due to our deteriorating ... Fri, 10 Sep 2010 07:00:44 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253789&rss=true 2010-09-10T07:00:44Z http://www.insuranceday.com/insday/viewArticle.htm?id=253787&rss=true Citizens asks for 8.4% hike. CITIZENS Property Insurance Florida’s last-resort property insurer, told state regulators this week that it is seeking an average 8.4% increase in rates statewide owing in part to a jump in claims for sinkholes. The ... Fri, 10 Sep 2010 06:56:09 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253787&rss=true 2010-09-10T06:56:09Z http://www.insuranceday.com/insday/viewArticle.htm?id=253788&rss=true Poor Rome II drafting leads to ECJ. A High Court case involving a person injured in a French traffic accident has highlighted poor drafting of “Rome II”, which was intended to create a harmonized set of rules to govern the choice of law in ... Fri, 10 Sep 2010 06:51:13 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253788&rss=true 2010-09-10T06:51:13Z http://www.insuranceday.com/insday/viewArticle.htm?id=253736&rss=true Marine insurer hits out at latest Iran sanctions. THE chief executive of Steamship Mutual has accused the US and the European Union of introducing sanctions against Iran without thinking of the potential ramifications. At the end of July, the ... Fri, 10 Sep 2010 05:18:00 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253736&rss=true 2010-09-10T05:18:00Z http://www.insuranceday.com/insday/viewArticle.htm?id=253600&rss=true Using limitation arguments as a defence set to become impossible. LIMITATION in claims relating to sexual abuse is rarely straightforward, warns Paula Jefferson, a partner and head of the disease group at Beachcroft LLP. And defending such claims on ... Thu, 09 Sep 2010 23:36:00 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253600&rss=true 2010-09-09T23:36:00Z http://www.insuranceday.com/insday/viewArticle.htm?id=253599&rss=true Proximate & intervening causes of loss. ANY successful claim requires proof of a causal link between the peril insured against and the loss described in the policy, writes Donald Dinnie, of South Africa-based Deneys Reitz. In the absence of any ... Thu, 09 Sep 2010 23:32:00 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253599&rss=true 2010-09-09T23:32:00Z http://www.insuranceday.com/insday/viewArticle.htm?id=253596&rss=true Solvency II, insurers and brokers: mutual interest?. AS has been much discussed, the European Solvency II (S2) process aims to make insurers and reinsurers more robust or resilient in the face of adversity. S2 seeks to engender such resilience by ... Thu, 09 Sep 2010 23:29:00 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253596&rss=true 2010-09-09T23:29:00Z http://www.insuranceday.com/insday/viewArticle.htm?id=253597&rss=true Keep an ear to the ground. TWELVE years ago, at the beginning of the last soft market, I was at the Rendez Vous in Monte Carlo and chatting to an underwriter as we walked into the Hotel de Paris. “The only way to make money in this market,” he ... Thu, 09 Sep 2010 23:25:00 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253597&rss=true 2010-09-09T23:25:00Z http://www.insuranceday.com/insday/viewArticle.htm?id=253762&rss=true Iran sanctions cause need for insurer caution. THE EXTENSIVE range of sanctions being imposed against the Iranian regime are expected to provoke a surge of withdrawals from insurers eager to escape the wrath of international authortis. In early June, ... Thu, 09 Sep 2010 16:07:16 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253762&rss=true 2010-09-09T16:07:16Z http://www.insuranceday.com/insday/viewArticle.htm?id=253761&rss=true IRDA shifts focus to reinsurance sector. INDIA’S insurance authorities are turning their attention to the reinsurance sector. The Insurance Regulatory and Development Authority (IRDA) has been focusing on drawing up regulations for the sales of ... Thu, 09 Sep 2010 16:04:25 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253761&rss=true 2010-09-09T16:04:25Z http://www.insuranceday.com/insday/viewArticle.htm?id=253756&rss=true NZ insurers well-insulated from quake losses, says Moody’s. RATING agency Moody’s has said that the direct losses for Australia-owned insurers operating in New Zealand will be “minimal”, mainly because of the “very conservative reinsurance ... Thu, 09 Sep 2010 14:54:07 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253756&rss=true 2010-09-09T14:54:07Z http://www.insuranceday.com/insday/viewArticle.htm?id=253716&rss=true NAB bid for Axa APH rejected by ACCC a second time. NATIONAL Australia Bank (NAB) has had its revised offer for Axa Asia Pacific turned down by the Australian Competition & Consumer Commission (ACCC), effectively killing the deal, although NAB has ... Thu, 09 Sep 2010 08:01:20 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253716&rss=true 2010-09-09T08:01:20Z http://www.insuranceday.com/insday/viewArticle.htm?id=253715&rss=true Transocean, Halliburton, slam BP report. TRANSOCEAN and Halliburton, two former partners of BP in the ill-fated Deepwater Horizon oil rig in the Gulf of Mexico, have criticised the UK oil giant’s recent report that places part of the blame for the ... Thu, 09 Sep 2010 06:36:30 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253715&rss=true 2010-09-09T06:36:30Z http://www.insuranceday.com/insday/viewArticle.htm?id=253679&rss=true Willis commits to India despite licence issues. WILLIS remains committed to operating in India despite the Insurance Regulatory and Development Authority (IRDA) refusing to renew its license to operate in the country. As reported in Insurance Day ... Wed, 08 Sep 2010 16:00:02 GMT http://www.insuranceday.com/insday/viewArticle.htm?id=253679&rss=true 2010-09-08T16:00:02Z