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Article
Delaware Governor Signs Law Creating Streamlined And Inexpensive Regulatory Regime For Dormant Captive Insurance Companies
The bill defines a dormant captive insurance company as one that (1) did not contract for any direct premium or reinsurance premium for a full calendar year, (2) is not obligated as an insurance company under any contract of insurance or reinsurance during any year it is a dormant captive, and (3) has provided written notice to the Commissioner of its intent to be a dormant captive.
United StatesInsurance
Carlton Fields
Article
Free Webinar: ¿Seguro? Opportunities And Risks For (Re)Insurers In Latin America In 2010 And Beyond
The Insurance and Reinsurance Department of Edwards Angell Palmer & Dodge is holding a 60 minute complimentary webinar entitled "¿Seguro? Opportunities and Risks for (Re)Insurers in Latin America in 2010 and Beyond" on Tuesday, February 23, 2010 at 10:00
United StatesInsurance

Edwards Angell Palmer & Dodge LLP

New Mexico Adopts NAIC Credit For Reinsurance Model Regulation

Effective July 24, 2018, New Mexico adopted the NAIC Credit for Reinsurance Model Regulation. New Mexico adopted the Model Rule as "part of a broad effort to modernize reinsurance regulation ...

United StatesInsurance

New York Federal Court Denies Cedent's Motion For Reconsideration In Reinsurance Dispute Regarding Expense Provisions

This case was previously reported by us on April 30, 2018. As we previously reported, on March 20, 2018, a New York federal court largely denied the motions for summary judgment of both plaintiff...

United StatesInsurance

New York Federal Court Denies Cedent's Motion For Reconsideration In Reinsurance Dispute Regarding Expense Provisions

This case was previously reported by us on April 30, 2018.

United StatesInsurance

Reinsurance And Insurance Litigation

A discussion on a legal suit involving a Cayman-based reinsurer seeking to enforce and collect upon guarantees provided by both defendants.

United StatesInsurance

Rhode Island Makes Technical Changes To Its Credit For Reinsurance Regulation

Rhode Island adopted the NAIC Credit for Reinsurance Model Regulation in 2014.

United StatesInsurance

Brexit: Implications For The Insurance And Reinsurance Industry

Even in the scenario of a full exit, assuming relevant equivalency decisions are taken by EU authorities for the UK, cross-border reinsurance should generally remain unaffected.

European UnionInsurance

Council Of EU Mandate To Negotiate Agreement With US On Reinsurance

On April 21, 2015, the Council of the EU published a press release announcing that it has issued a mandate to the European Commission to negotiate an agreement with the US on reinsurance.

European UnionInsurance

Early Retiree Reinsurance Program Becomes Effective June 1, 2010

The Department of Health and Human Services ("HHS") has issued interim final rules relating to the Early Retiree Reinsurance Program introduced by the Health Care Reform Acts.

United StatesEmployment and HR

Goodwin Procter LLP

FHFA Notice On Lender-Placed Insurance Practices

On November 5, the FHFA directed Fannie Mae and Freddie Mac to prohibit servicers from being reimbursed for expenses associated with captive reinsurance arrangements.

United StatesFinance and Banking

SEC, CFTC Decline To Issue Interpretation For Classification Of A Reinsurance Participation Agreement

The SEC and the CFTC declined to issue a joint interpretation on whether a particular agreement is classified as a swap, security-based swap, or mixed swap.

United StatesFinance and Banking

Hogan Lovells Cadwalader

CLM Features Part 1 Of White And Martin's 2-Part Series On Avoiding Charges Of Unfair Claim Settlement Practices

Paul White (Partner-Los Angeles) and Jennifer Martin (Partner-Dallas) co-authored the two-part series "A Deep Dive on Bad Faith – Avoiding Charges of Unfair Claim Settlement Practices on Third-Party Liability Claims,"...

United StatesInsurance

Wilson Elser Moskowitz Edelman & Dicker LLP

Connecticut Insurance Department Issues Two Bulletins

The Connecticut Insurance Department recently issued two bulletins, both of which mandate financial reporting by insurers to the Department.

United StatesInsurance

Court Compels Discovery Of Reinsurance Allocation Information

In an action involving claims under facultative reinsurance for the reinsurance of asbestos risks, the reinsurer sought discovery of documents concerning the allocation of losses among the reinsurers...

United StatesInsurance

Court Construes Reinsurance Participation Agreement, Rejects Venue Objection, and Confirms Arbitration Award

O'Connell Landscape Maintenance, Inc. (O'Connell) and Applied Underwriters Captive Risk Assurance Co. (AUCRA) entered into a reinsurance participation agreement (RPA).

United StatesInsurance

Court Declines To Determine Whether Reinsurance Syndicate For Which A Company Fronted Should Be Involved In An Arbitration

The parties in this case presented to a court the issue of whether a reinsurance syndicate for which Federal Insurance acted as "a front" was a real party in interest and should be involved in an arbitration between Federal Insurance and its reinsured.

United StatesInsurance

Court Finds Arbitration Award That Included Attorney's Fees Was Not A Manifest Disregard Of The Law

The court confirmed an arbitration award entered in favor of Astanza Design, LLC against Giemme Stile, S.p.A. and Giemme USA, LLC (Giemme) in which the arbitrator awarded both damages and attorneys' fees to Astanza in a dispute arising from the parties' agreement that Astanza was to serve as the exclusive representative for Giemme's furniture sales to the LDS Church.

United StatesInsurance

Court Tosses Time-Barred Rico Claims Alleging Captive Reinsurance Kickback Scheme

Plaintiffs asserted class claims for RICO violations based on allegations that Bank of America referred borrowers to private mortgage insurance providers in exchange for kickbacks...

United StatesInsurance

Cuba after Castro: The next Bermuda?

After Fidel Castro's death, could Cuba become the next Bermuda? There is no doubt that Bermuda holds a unique place in the insurance industry. More than 1,6000 insurance companies, with more than $200 billion in assets, and accepting more than $37 billion in premiums annually are registered in the self-governing British colony.

United StatesInsurance

Duane Morris LLP

Showing 21–40 of 583 results

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