South Carolina regulators have ordered Atlantic Coast Life Insurance and its captive reinsurer, Southern Atlantic Re, to stop writing new policies by Tuesday, Dec. 31. The carriers also were ordered to notify all producers about the cease-and-desist directive from the South Carolina Department of Insurance. “We are publishing these orders today as part of our … Read more
In Alame & Ors v Shell PLC & Anor [2024] EWCA Civ 1500 Stuart-Smith LJ delivered the unanimous judgment on the appeal against a range of procedural issues which I have previously discussed here. Judgments appealed are [2024] EWHC 510 (KB) and [2023] EWHC 2961 (KB) The Rome II evidence and procedure issue which I … Read more
New York’s insurance coverage regulator issued a damning report laying out the severely flawed monetary situation of New York’s largest insurer of taxis and for-hire autos, in addition to dozens of potential monetary improprieties and accounting issues, warning that the results of failure could possibly be devastating for tens of hundreds of drivers within the … Read more
