In 2014, the Florida Legislature enacted a law that makes significant changes to the way insurance agencies are licensed in Florida. The new law amends Florida’s insurance agency licensure law, and is intended to streamline the licensing process... Read More
By William T. Barker, Partner, SNR Denton Chapter 10 reviews the role of statutes in insurance bad faith litigation. Such litigation has been primarily a creature of the common law. But state insurance regulators also developed model statutes prohibiting... Read More
The Summer 2015 Meeting of the National Association of Insurance Commissioners (the “NAIC”), which concluded on August 18, saw further developments on issues that Duane Morris has been following . This Alert discusses the controversy over... Read More
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
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
Beginning in 2013, we have issued a series of Alerts on the controversy regarding the use of captive insurance companies to finance reserves for certain type of life insurance policies (so-called "XXX or AXXX reserves," which are widely believed... Read More
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
The Summer 2015 Meeting of the National Association of Insurance Commissioners (the "NAIC") saw further developments on issues that Duane Morris has been following . We previously reported on the controversy over confidentiality of the details... Read More
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
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
By Andrew Oberdeck , Senior Counsel, Foley & Lardner LLP Several states have recently added provisions to their insurance rehabilitation and liquidation acts which address the rights of parties to certain derivatives transactions with an insurance... Read More
The now iconic song of 1969 aptly describes the insurance regulatory activity we are seeing in the summer of 2013. During the last two weeks of July, the International Association of Insurance Supervisors (IAIS) announced new standards for regulation... Read More
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
Fred E. Karlinsky, Richard J. Fidei, Trevor B. Mask, and Benjamin J. Zellner of the law firm of Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb have written an in-depth commentary comprised of a round-up of the ten most important developments in... Read More