LexisNexis® Legal Newsroom
Swine Flu Spread Will Trigger Difficult Legal Questions for Employers Says Noted Pillsbury Attorney

Business managers following swine flu’s (H1N1 influenza) spread and monitoring government advisories should prepare to handle the difficult legal issues likely to be triggered in an escalating epidemic or worst-case pandemic scenario, says New York litigation partner Kenneth W. Taber, head of Pillsbury’s...

Featured Blogger – Donald Mango – ERM Did Not Fail in 2008, Part I: A Year of Significant Loss

The profound financial damage that began last year has left the insurance industry looking for answers. Diligent underwriting and conservative investment strategies were not enough to prevent natural and financial catastrophes from bleeding balance sheets. Both firm leadership teams and key stakeholders...

Featured Blogger – Donald Mango – ERM Did Not Fail in 2008, Part II: Expectations and ERM

Did Enterprise Risk Management (ERM) work: yes or no? Opponents argue that this supposedly advanced thinking on the management of capital failed to keep balance sheets healthy through the economic crisis. Insurers losing more than 30 percent of their capital cannot be faulted for concluding that ERM...

Featured Blogger – Donald Mango – ERM Did Not Fail in 2008, Part III: Managing Constrained Capital

Going forward, the insurance industry will have to change its thinking. The crutch of excess capital has been kicked from beneath the industry’s arm. Despite some recent successes in capital-raising, the largesse of 2007 and 2008 is unlikely to return in the near future. The insurance industry...

Featured Blogger – Donald Mango – ERM Did Not Fail in 2008, Part IV: The Road Ahead

Fragmented risk management approaches are no longer viable. Threats are too systemic and pervasive to be effectively managed from silos. The world has learned an enduring lesson from the crisis of 2008: a convergence of threats, perceived or otherwise, can impair an entire industry or even economy. ...

Can Insurance Instruments Help With Risk Reduction From Climatic Hazards?

At COP15, the Munich Climate Insurance Initiative (MCII) is urging negotiators to adopt insurance instruments as part of the climate change adaptation strategy within the Copenhagen agreement. Although insurance is generally regarded as a way to meet the costs and consequences of disaster, MCII explains...

Guest View: Insurance for the Cloud

When you hear “cloud computing,” is insurance the first thing that you think of? No? I’m the only one who thinks that way? Well, if you were wondering about the implications of cloud computing on insurance and risks, I co-wrote an article with my colleague, Idan Ivri that addresses...

Suriano Delivers Insurance Top Ten

(Please visit the site to view this video) Costantino P. Suriano, partner with Mound, Cotton, Wollan & Greengrass in New York, delivers what he and others have deemed the top ten risks facing insurance carriers and risk managers. Video by HB Litigation Conferences LLC. More at www.LitigationConferences...

Construction Risk Management: Ten Issues in Construction Contracts

By James P. Bobotek, Pillsbury Winthrop Shaw Pittman In the world of construction, whether you are a lender, owner, contractor, or subcontractor, your success hinges largely on risk management. While there is no substitute for sound business and construction practices (such as proper preconstruction...

HSBC Focuses on Bancassurance in Emerging Markets as Its Competition Changes

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 International Group Inc.'s life insurance...

HSBC Focuses on Bancassurance in Emerging Markets as Its Competition Changes

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 International Group Inc.'s life insurance...

Impact of the New Federal Financial Regulatory Reform Law on Risk Managers and Insurance Brokers

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 greatest importance to risk managers and their brokers, HR 4173: (1) creates...

Business Insurance Law and Practice Guide

Business Insurance Law and Practice Guide is a comprehensive guide for both insurance companies and attorneys who advise businesses of all sizes. It provides detailed treatment of many different types of insurance, including liability, directors' and officers' liability, excess, property, financial...

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

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 exposed for comment at the Spring NAIC Meeting in...

Four Insurance Consumer Protection Bills Sponsored by California Department of Insurance Signed Into Law in 2013

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). AB 32, [ enhanced version available to...