Archive for the ‘Sedgwick Publications’ Category

Offshore Professional Risk in 2014

Wednesday, April 16th, 2014

By Mark Chudleigh, Chen FoleyNick Miles, and Alex J. Potts, Sedgwick Bermuda

From the Cayman Islands to Hong Kong, there’s a lot going on in the world of offshore litigation and law reform. In this report, Sedgwick’s Offshore Professional Risks practice offers a global perspective on professional risk, with unique expertise and solutions valuable to providers and users of offshore services and insurance carriers operating in offshore jurisdictions, including Bermuda, the British Virgin Islands, the Cayman Islands, the Channel Islands, and the Isle of Man.

Learn more about new laws changing the future of this business, collective investment schemes, issues relating to cybercrime and cyberliability, and the dangers of being an offshore lawyer.

 Read the full news report here.

Developments in the Hydraulic Fracturing Industry

Wednesday, March 5th, 2014

For our readers who are keeping tabs on developments in the hydraulic fracturing (“fracking”) industry, you may be interested in our recent “news flashes” concerning the fracking industry in California.

The first is regarding a bill, introduced last Thursday, February 27th, that would halt all types of fracturing both on- and off-shore California until the completion of a multiagency review of the economic, environmental and public health impacts. SB 1132 would not only halt the use of high pressure injection of water and fracturing fluids into oil and gas reservoirs, the process most often thought of as “fracking” by the public, but would also prevent the use of acids to enhance permeability in “pay zones” to increase the flow of oil and gas into wells until the report is finished. To view a PDF copy the news flash, click here. 

Just one day later, on February 28th, the Los Angeles City Council’s unanimously voted to draft a new municipal ordinance banning hydraulic fracturing and other well-stimulation activities, such as acidizing, within the city confines. The ordinance would place a moratorium on “all activity associated with well stimulation, including, but not limited to, hydraulic fracturing, gravel packing, and acidizing, or any combination thereof, and the use of waste disposal injection wells.”  The ordinance would make Los Angeles the only oil-producing city in California to ban hydraulic fracturing. The moratorium would remain in place until the city verifies that hydraulic fracturing will not harm public safety or compromise drinking water.  The ordinance must still be drafted and is subject to additional public input before being presented to the City Council for a final vote. To view a PDF copy of this news flash, click here.

Webinar Series: The State of Bad Faith

Wednesday, December 4th, 2013

Sedgwick’s 2013 webinar series explored the current state of insurance bad faith law and practical issues impacting the defense of bad faith cases in Washington, California, Florida, New York, New Jersey, Texas and Illinois.  The programs are available for on demand viewing.

The Washington program was presented by Sedgwick Seattle’s Robert A. Meyers and Eliot M. Harris on  June 12, 2013.

The California program was presented by Alex Potente (Sedgwick San Francisco) and Valerie Rojas (Sedgwick Los Angeles) on July 10, 2013.

The New York/New Jersey program was presented by Sedgwick New York’s Greg Lahr and Laura Markovich on August 21, 2013.

The Florida program was presented by Ramón Abadin (Sedgwick Miami) and Al Warrington (Sedgwick Fort Lauderdale) on September 25, 2013.

The Texas program was presented by Sedgwick Dallas’ Lisa Henderson and Sondra Rosebrock on October 30, 2013.

The Illinois program was presented by Sedgwick Chicago’s David Dolendi and Michael McNaughton on November 13, 2013.

 To request a video copy of any of the webinars listed above, please click here.

 

Bermuda Monetary Authority Announces Principles Underpinning Use of New Powers

Wednesday, January 23rd, 2013

By Nick Miles

The Bermuda Monetary Authority (the BMA) has published a new statement of practice (SoP).  It sets out factors to which it will have regard and procedures to be followed in deciding whether and in what manner to exercise powers granted under the following four statutes that regulate financial sectors in Bermuda:

• The Insurance Act 1978
• The Banks and Deposit Companies Act 1999
• The Investment Business Act 2003
• The Trusts (Regulation of Trust Business) Act 2001

A full analysis of the SoP and the BMA’s powers can be found in our Insurance News Flash published today.

Admiralty and Energy News

Tuesday, November 20th, 2012

Our Admiralty and Energy Practice Group recently issued its November newsletter.  This issue discusses recent opinions on admiralty jurisdiction and indemnification in the Deepwater Horizon MDL and a recent decision by the South Dakota Supreme Court involving a policy’s exclusions regarding windmills, windchargers or towers.  Please click here to read the full issue.

Hydraulic Fracturing Digest

Tuesday, June 12th, 2012

Our Hydraulic Fracturing Task Force recently issued its June newsletter.  We think the readers of this blog who work with insureds involved in this industry will find of interest this issue’s articles about the potential for fracking to lead to silicosis claims, the EPA’s new rules regarding air pollution from natural gas wells and proposed fracking regulation in Illinois.  Please click here to read the full issue.

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