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1 May 2008, 10:07 am
The MRG, consisting of representatives from brokers, insurers, senior figures from Lloyd's, the International Underwriting Association, the Lloyd's Market Insurance Brokers' Committee and the Lloyd's Market Association, has demonstrated the extent to which changes can be achieved when the market works together. [read post]
1 May 2008, 9:50 am
On 29 April 2008, Lloyd's issued a market bulletin emphasising managing agents' and their underwriters' duty to conduct insurance business at Lloyd's in full compliance with European and UK competition law.The bulletin highlights the following points: brokers must seek to place business as they find appropriate, having regard to the interests of their client. [read post]
28 Apr 2008, 4:38 pm
Underwriters at Lloyd’s, London, --- P.3d ----, 2008 WL 943502 (N.M. 2008), the counsel for the plaintiffs, wrongful-death beneficiaries, provided the insurer with a copy of the filings in a related probate proceedings. [read post]
7 Apr 2008, 1:50 pm
Only in the world of insurance would we find the following said strictly matter-of-fact, with no laugh track expected or necessary:"Lloyd's of London warned yesterday that an absence last year of natural disasters or man-made accidents was putting pressure on firms to reduce premiums in 2008. [read post]
26 Mar 2008, 6:35 pm
Certain Underwriters at Lloyd’s, London, __ Cal.App.4th __ (2008) [2008 WL 763483] (4th District - San Diego). [read post]
11 Mar 2008, 2:11 am
Certain Underwriters at Lloyds London, No. 06cv186, 2006 WL 3538862, *2 (S.D.Miss. [read post]
10 Mar 2008, 5:09 am
Some of the key proposals are to: ensure a streamlined regulatory approach by eliminating rule duplication where the FSA and Lloyd's frameworks overlap; relax the rule requiring the chairman and deputy chairman to be working members of Lloyd's so that non working members of the Council can fill these posts and include outsiders on disciplinary committees (Please click here to see previous post on this issue); liberalise the Lloyd's market by allowing… [read post]
29 Feb 2008, 12:16 am
DISTRICT COURTSOUTHERN DISTRICT OF NEW YORKInsurance LawPort Authority Loses Bid for Added Payoff for WTC; Lessee Removed From Authority's Insurance CoverageCertain Underwriters at Lloyd's v. [read post]
21 Feb 2008, 12:52 am
On this point, Tomlinson J referred to FNCB v Barnet Devanney [1999] Lloyd's Rep IR 459 at 468 and to Talbot Underwriting v Nausch Hogan & Murray [2006] 2 Lloyd's Rep 195 at 218 that established that it was the duty of a broker to obtain, as far as is possible, insurance coverage which clearly meets his client's requirements. [read post]
17 Jan 2008, 12:42 am
  The report urged the market to review its practices and recent statements by EC officials (speaking in a personal capacity at a web-seminar) suggested that the subscription market had months rather than years to carry out reviews and amend its current practices to avoid enforcement action.It is understood that, in response to the EC, the Lloyd's Market Association (LMA), Lloyd's and the International Underwriting Association are sending separate… [read post]
27 Dec 2007, 7:40 am
 Click here to read Lloyd’s press release about this new type of insurance cover. [read post]
20 Dec 2007, 5:15 am
In HLB Kidsons (A Firm) v Lloyds Underwriters & Others [2007] EWCH 2699, a dispute arose over whether the claimant firm of accountants had properly notified claims to the defendant insurers. [read post]