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How the Office of National Insurance Act of 2010 Threatens State Insurance Regulation

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 intrusion into the insurance industry and a likely...

How Dodd-Frank Undermines Reinsurance and Endangers American Policyholders

By Karl L. Rubinstein As I discussed in my article of September 28, 2010 1 , Title V of the new Dodd-Frank Bill foreshadows a federal takeover of insurance regulation. When effective next year, it will not only subordinate state insurance laws to international treaties relating to “prudential...

Fidei and Fohl on 2010 in Review: Ten Key Insurance Regulatory Topics That Shaped the Year

By Richard J. Fidei and Elizabeth M. Fohl, Attorneys, Colodny, Fass, Talenfeld, Karlinsky & Abate In their commentary “Ten Key Insurance Regulatory Topics That Shaped the Year,” Richard J. Fidei and Elizabeth M. Fohl of of Colodny, Fass, Talenfeld, Karlinsky & Abate highlight...

FSOC Proposed Rulemaking on Fed Supervision of Nonbank Financial Companies: Critics Submit Comments and Ask Who is Speaking on Behalf of the Insurance Industry

By Daphne Frydman and Eric Arnold, Partners, Sutherland Asbill & Brennan LLP Proposed rulemaking by the Financial Stability Oversight Council (FSOC) and the Board of Governors of the Federal Reserve to advance the regulatory process of implementing Section 113 of Dodd-Frank have various raised...

Sutherland Legal Alert: New York State Senate Passes Domestic Excess Lines Bill

By John Pruitt and Justin Kitchens, Sutherland Asbill & Brennan LLP The New York State Senate has passed a bill authorizing the formation and licensing of New York domestic excess lines insurance companies. [1] The bill would allow such companies to write insurance in New York on the same basis...

Regulation Of Insolvency – New Appleman on Insurance Law Library Edition, Chapter 98

By Kristen J. Brown Abstract * * * This chapter examines the powers and remedial options afforded to state insurance commissioners for their regulation of insurance company insolvency. State laws arm insurance commissioners with broad intervention powers and various degrees of intervention options...