Insurance Law

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Sutherland Asbill & Brennan LLP Legal Alert: NAIC Releases Draft White Paper on Corporate Governance; At Odds With Existing Bodies of U.S. Law
Posted on 13 Jul 2011 by Sutherland Asbill & Brennan LLP

By Earl Zimmerman, Partner, Sutherland Asbill & Brennan LLP This Legal Alert addresses the “ White Paper on High-Level Corporate Governance Principles for Use in U.S. Insurance Regulation ” ( click the link to download), which was... Read More

Force-Placed Insurance: Another Multi-Billion Dollar Industry Caught in the Regulatory Cross Hairs
Posted on 6 May 2013 by Karen C. Yotis

By Karen C. Yotis, Esq. Forced-placed insurance (FPI), which is sometimes referred to as 'lender-placed insurance,' is a specialty product that is intended to insure properties when standard property coverage is allowed to lapse. During the... Read More

LexisNexis® Insurance Law Community Podcast featuring Susan Voss, President of the National Association of Insurance Commissioners
Posted on 8 Apr 2011 by LexisNexis Legal Business Community Staff

On this edition, LexisNexis Insurance Law Community Manager Karen Yotis talks with Susan E. Voss, Commissioner of the Iowa Insurance Division and President of the NAIC, discusses the recent commissioners conference, health care reform issues, financial... Read More

Four Insurance Consumer Protection Bills Sponsored by California Department of Insurance Signed Into Law in 2013
Posted on 31 Dec 2013 by LexisNexis Insurance Law Newsroom Staff

During 2013 Governor Jerry Brown signed four bills that the California Department of Insurance (CDI) sponsored during the legislative year. The bills are: AB 32 (Chapter 608, Statutes of 2013) authored by Assembly Speaker John Pérez (D-Los Angeles... Read More

China: Chinese Consider Revising Plan for a Super Regulator
Posted on 20 May 2010 by M. Machua Millett

By M. Machua Millett, Associate, Edwards Angell Palmer and Dodge LLP China is considering reviving its plan to set up a super regulator in order to make the government's oversight of the financial sector more efficient and expedient and improve... 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

State Net Capitol Journal Legislative Updates: Florida Adopts Interstate Insurance Product Regulation Compact
Posted on 19 Jun 2013 by State Net

BUSINESS: In FLORIDA, Gov. Scott signs HB 383, which adds the Sunshine State to those that have adopted the Interstate Insurance Product Regulation Compact, which serves as a central point of electronic filing for insurance products like life insurance... Read More

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part III
Posted on 21 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English This is the last of three parts concerning Ceres' recently released Climate Risk Disclosures by Insurers: Evaluating Insurer Responses to the NAIC Climate Disclosure Survey . We already have... Read More

Ceres and a Series of Serious Thoughts About the NAIC Climate Disclosures - Part II
Posted on 20 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English We wrote yesterday to introduce Ceres' report on the disclosure of climate risks by insurers and considered its first Recommendation to Regulators concerning mandatory and public disclosures... Read More

Foley & Lardner: Congress Imposes New Rules for Taxation and Regulation of Surplus Lines Insurers
Posted on 7 Sep 2011 by Foley & Lardner LLP

By Mary Kay Martire, Partner, Foley & Lardner LLP On July 21, 2011, a portion of the Dodd-Frank Act known as the Nonadmitted and Reinsurance Reform Act (15 U.S.C. § 8201, et seq.) (NRRA) took effect. NRRA is one example of the continuing trend... Read More

Ballard Spahr Legal Alert: Court Denies Pennsylvania Insurance Department’s Move to Liquidate Two Long-Term Care Insurers
Posted on 14 May 2012 by Ballard Spahr LLP

By Douglas Y. Christian, Damian L. DiNicola, and Benjamin M. Schmidt, Attorneys, Ballard Spahr LLP The Commonwealth Court of Pennsylvania has rejected the efforts of the Pennsylvania Insurance Department (PID) to liquidate two long-term care insurance... Read More

Absolute Immunity – Insurance Criminal May Not Sue State Officers
Posted on 9 Jan 2013 by Barry Zalma

By Barry Zalma, Attorney and Consultant States are called upon to enforce sanctions against insurance agents and brokers who violate the law and defraud the public. In doing so they act as both police agencies and administrative agencies dealing... Read More

How the Office of National Insurance Act of 2010 Threatens State Insurance Regulation
Posted on 28 Sep 2010 by Karl Rubinstein

By Karl L. Rubinstein 1 Title V of the new Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) is named the “Federal Insurance Office Act of 2010.” Several provisions of Title V---foreshadow massive federal... Read More

A Founder’s Keynote Address: Jerry Bell’s Remarks at the Association of Insurance Compliance
Posted on 15 Nov 2010 by Karen C. Yotis

By Karen C. Yotis As one of the founders of the Association of Insurance Compliance Professionals, Jerry Bell –whose career in the insurance industry dates back to 1953—was one of the keynote speakers at the AICP’s recent annual meeting... Read More

Ceres and a Series of Serious Thoughts about the NAIC Climate Disclosures - Part I
Posted on 18 Oct 2011 by J. Wylie Donald

By J. Wylie Donald, Partner, McCarter & English Ceres released last month the first analysis of the insurer climate change disclosures submitted to state regulators pursuant to the National Association of Insurance Commissioners rule. The report... Read More