Insurance Law

Recent Posts

Insurance Commissioner Announces Death Master settlement with Aegon
Posted on 9 Sep 2013 by LexisNexis Insurance Law Newsroom Staff

Insurance Commissioner Dave Jones announced today that the California Department of Insurance has, with other state insurance regulators, reached a settlement agreement with Aegon over the insurer's use of the Social Security Administration's... Read More

N.Y. Insurance Regulator Rejects Industry Standard for Establishing Reserve Requirements
Posted on 24 Sep 2013 by Ballard Spahr LLP

By the Ballard Spahr LLP Insurance and Consumer Financial Services Groups The Superintendent of the New York State Department of Financial Services (DFS), Benjamin M. Lawsky, has informed his fellow state insurance regulators in the National Association... Read More

2011 in Review: 10 Biggest Insurance Regulatory Headliners
Posted on 8 Feb 2012 by LexisNexis Insurance Law Newsroom Staff

By Fred E. Karlinsky, Richard J. Fidei, and Elizabeth M. Fohl, Attorneys, Colodny, Fass, Talenfeld, Karlinsky & Abate Fred E. Karlinsky, Richard J. Fidei, and Elizabeth M. Fohl of the law firm of of Colodny, Fass, Talenfeld, Karlinsky & Abate... Read More

Report to NAIC on Captives: The Controversy About Principle-Based Reserves and Captives Continues
Posted on 2 Apr 2014 by Duane Morris LLP

The use by life insurance companies of captive reinsurance companies to finance XXX and AXXX reserves has been a significant and contentious issue in recent years.[1] Some members of the National Association of Insurance Commissioners (the "NAIC"... Read More

California Announces Death Master settlement with ING
Posted on 22 Aug 2013 by LexisNexis Insurance Law Newsroom Staff

Conduct exam of a second insurer finds MassMutual using Death Master Database properly Insurance Commissioner Dave Jones has announced that the California Department of Insurance has, with other state insurance regulators, reached a settlement agreement... Read More

Another Multistate Settlement Reached in Death Master Case - Genworth Life Insurance Agrees to Business Practice Reforms
Posted on 22 Jan 2014 by LexisNexis Insurance Law Newsroom Staff

The California Department of Insurance has announced that along with other state insurance departments, they have reached a settlement with the Genworth Life Insurance Company over the insurer's use of the Social Security Administration's Death... Read More

S.D.N.Y. Dismisses Plaintiffs’ “Shadow Insurance” Class Action Claims
Posted on 5 Oct 2015 by Foley & Lardner LLP

A federal judge has granted AXA Equitable Life Insurance Company’s motion to dismiss claims brought against it by insureds who alleged that AXA violated New York law by engaging in various “shadow insurance” transactions, [subscribers... 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