Insurance Law

Recent Posts

FREE DOWNLOAD: California Supreme Court Holds That The Consumer Legal Remedies Act Does Not Apply To The Sale Of Life Insurance
Posted on 24 Jun 2009 by Gayle Athanacio, Steve Frankel, Ron Kent

In a recent highly anticipated decision, the California Supreme Court unanimously held that life insurance is neither a "good" nor a "service" within the meaning of California's Consumer Legal Remedies Act ("CLRA" or... Read More

New Appleman on Insurance: Current Critical Issues Article Has Been Published in the Spring 2011 Issue of ABA publication, The Brief
Posted on 7 Jun 2011 by LexisNexis Insurance Law Newsroom Staff

The article is "Illicit Life Settlements" by Michael Lovendusky. The article addresses the systematic acquisition and transfer of life insurance policies to investors without insurable interest in the insureds' lives is a controversial activity... Read More

New York Seeks Comments On Discretionary Clause Draft
Posted on 28 Apr 2010 by Allison Bell

By Allison Bell, SENIOR EDITOR/WEB EDITOR, National Underwriter Life & Health. Empire State regulators have posted a version of a proposed regulation that would prohibit annuity issuers and life and health insurers in the state from using contracts... Read More

Manulife, Munich Re Team Up to Tap Hong Kong's Changing Health Care Market
Posted on 28 May 2010 by Rebecca Ng

By Rebecca Ng, News Editor, A.M. Best HONG KONG (BestWire) - Proposed government-driven medical reforms together with an aging population and rising medical costs in Hong Kong is generating a new business model for group life and medical insurance... Read More

Oregon Adopts Legislation Restricting STOLI Transactions
Posted on 2 Sep 2009 by InsureReinsure: The Insurance-Reinsurance Blog

In July, Oregon Governor, Ted Kulongoski, signed into law Senate Bill 973 (as adopted, the “Act”), which modifies Oregon life settlement legislation. The Act was introduced at the request of the American Council of Life Insurers and is designed... Read More

Impact of the New Federal Financial Regulatory Reform Law on Life Insurance
Posted on 27 Jul 2010 by LexisNexis Insurance Law Newsroom Staff

By SNR Denton On July 21, 2010, after several weeks of deliberations in the Senate and the House of Representatives, President Obama signed HR 4173, the Dodd-Frank Wall Street Reform and Consumer Protection Act. Of most importance to life... Read More

Wager On Life Is Void -- Insurance Requires Insurable Interest
Posted on 30 Sep 2011 by Barry Zalma

By Barry Zalma, Attorney and Consultant It is the essence of insurance that for insurance to exist the person insured must have an insurable interest in the property or life insured. Life insurance insurable interest can be defined as an interest... Read More

Unpaid Insurance Benefits Issues Continue to Intensify
Posted on 18 Jul 2011 by Sutherland Asbill & Brennan LLP

By Phil Stano, Partner, Sutherland Asbill & Brennan LLP Attention to unclaimed property issues affecting life insurance companies – including issues relating to unpaid life insurance and annuity benefits – has significantly escalated... Read More

HSBC Focuses on Bancassurance in Emerging Markets as Its Competition Changes
Posted on 27 May 2010 by Iris Lai

By Iris Lai, News Bureau Manager of Hong Kong, A.M. Best HONG KONG (BestWire) - HSBC Insurance, a subsidiary of HSBC Holdings plc, sees no significant impact from a flurry of acquisitions and consolidation moves triggered by the divestiture of American... Read More

Neil Cantle & Brad Smith, "The Big Picture: Enterprise Risk Management Can Reveal Key Pricing Concerns to Insurers That May Help Prevent Losses"
Posted on 21 Apr 2010 by Bradley M. Smith and Neil J. Cantle

Guest View: Accounting for Pricing Risk Given the volatility in the capital markets over recent years, and the consequent adverse developments across the financial services industry, the calls have been raised for more sophisticated risk management... Read More

New Hampshire Restricts STOLI Transactions
Posted on 30 Jun 2010 by InsureReinsure: The Insurance-Reinsurance Blog

New Hampshire Governor John Lynch (D) signed HB 660 into law which enacted life settlement legislation in New Hampshire effective June 14, 2010 (the "Act"). The Act is primarily based on the National Association of Insurance Commissioners'... Read More

Illicit Life Insurance Settlements: a brief summary
Posted on 22 Oct 2008 by Michael Lovendusky

The life insurance marketplace is witnessing an aggressive effort by speculators to undermine insurance principles with illicit life insurance settlements. Senior citizens are purchasing life insurance policies for the sole purpose of selling the death... Read More

American Council of Life Insurers – We Want You!
Posted on 20 Oct 2008 by Karen C. Yotis

I’ve been shamelessly stalking the ACLI for the past three years. Well, they’ve finally seen the light and are participating on the Insurance Law Center. They’ve even agreed to include our cool new flyer in the welcome packets at their... Read More

Guest View: Reaching Across European Borders
Posted on 12 Feb 2010 by Rob Falcon

In 1994, the EU issued its Third Life Directive, which granted companies domiciled in one EU state the authority to sell life insurance products into another. That turned out to be the beginning of big things, as the European cross-border life insurance... Read More

The SEC's Adventures in Wonderland: The Indexed Annuities Regulatory Debate
Posted on 11 May 2009 by Julie Mix McPeak

FREE DOWNLOAD: Appellate briefs On January 16, 2009, the Securities and Exchange Commission ("SEC") published its final Rule 151A, thereby pronouncing indexed annuities may no longer be considered "annuities" eligible for exemption... Read More