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The insurance regulatory framework in the United States has a rich history that dates back to the 19th century

With M&A activity for life insurers or blocks of in-force business poised for a possible spike, acquirers of life businesses should consider factors that are peculiar to

After months of discussion, the State of California recently adopted a comprehensive set of regulations governing reinsurance transactions.

There is no doubt that the current global financial crisis is taking its toll on nearly every industry.

The US District Court for the Northern District of Illinois ruled that proposed investments in life settlements by a single purchaser (as opposed to investors in a pooled transaction) are not securities for purposes of SEC Rule 10b-5’s prohibition against manipulative or deceptive practices.

In an important decision for the insurance industry in Nevada, on April 24, 2008, Duane Morris LLP, through partner Dominica Anderson, was successful in obtaining a ruling from the federal district court in Las Vegas that insurer Great American Insurance Company has the right to reimbursement for settlement monies it paid for work done by its insured, Distinctive Homes, and for other non-covered items (e.g., defects that do not constitute "property damage," i.e., "physical injury to tangible pro

As with many industries, the insurance sector has become increasingly more complex and internationally connected over the past decade.

2009 saw several local regulators step up efforts to contravene "grey market practices," that is activities prohibited by local law but previously engaged in by many foreign companies.

Thus far in 2025, property & casualty runoff and legacy transactions activity has remained resilient across a range of loss portfolio transfers (LPTs), adverse development covers (ADCs), and portfolio sales.

The National Association of Insurance Commissioners (NAIC) Statutory Accounting Principles Working Group (SAPWG) met remotely on July 30, as part of the NAIC's all-virtual 2020 Summer National...

On December 7, 2008, the plenary session of the National Association of Insurance Commissioners adopted its Reinsurance Regulatory Modernization Framework Proposal.

Insurance companies, sponsors and other interested parties should take note of key developments concerning investments by insurers at the National Association of Insurance Commissioners' (NAIC)...

NAIC recently adopted an Insurance Data Security Model Law that follows the risk assessment-based approach of the New York DFS Cybersecurity Regulation.

The Court of Appeals of New York, the state's highest court, ruled on two separate cases contemporaneously on February 19, 2008, that extra-contractual consequential damages may be awarded for an insurer's breach of a commercial property insurance policy

In a recent case, a divided Pennsylvania intermediate appellate court vacated a jury verdict for policyholders and remanded the case back to the trial court for further proceedings.

As a general matter, non-US reinsurers must post 100% collateral for reinsurance assumed from a US ceding company in order for the ceding company to receive credit for reinsurance on its statutory financial statements.

Plaintiff Companion Property and Casualty Insurance Company ("Companion") participated in a fronted insurance program with two reinsurers, Redwood and Freestone.

Just as reinsurers were heading towards the end of a relatively benign hurricane season, Hurricane Sandy, which has already tragically claimed at least 13 lives in the US in addition to 66 lives in the Caribbean, has brought much of the US East Coast to a virtual standstill.