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Like other contracts, insurance policies are divided into parts, and most of the parts appear under headings or captions.

Insurance is a strange business. The less promised product insurance companies deliver, and the more slowly they deliver it, the more money they make. The "product" in question is not insurance policies, but payouts on claims

At the Fall 2022 US National Meeting of the National Association of Insurance Commissioners ("NAIC"), the Statutory Accounting Principles (E) Working Group met on December 13.

I just returned from my first trip to Las Vegas. Keep in mind I have spent my professional life helping others avoid risks, and I am generally risk averse by nature. However, I couldn't help trying to beat the odds and win against the house (I hope the casino owners enjoy my money).

In a major departure from prior precedent, New York Governor David A. Paterson announced on September 22, 2008, that the New York State Insurance Department (the “Department”) would start regulating certain types of credit default swaps (CDSs) as insurance.

The court addressed the Bureau's reading of RESPA. The court also ruled on PHH's arguments concerning the constitutionality of the CFPB's structure and the applicability of limitations periods to CFPB administrative enforcement actions.

The Florida Legislature is poised to consider a wide variety of property insurance legislation during its regular legislative session, which convened on March 3, 2009.

The broad exemption historically applied to surplus lines insurance under Florida law was recently called into question by the decision of the Florida Supreme Court (Court) in Essex Insurance Company v. Mercedes Zota (Case No. SC06-2031).

In "Ali v. Federal Insurance Company", the United States Court of Appeals for the Second Circuit, applying both New York and Pennsylvania law, held that coverage under excess directors and officers liability insurance policies was not triggered.

On 9 October 2013 the International Association of Insurance Supervisors announced its commitment to developing global insurance capital standards by 2016.

Getting claims paid can be difficult and often, the larger the claim, the more difficult it can be. In many cases, it seems like there is an invisible "seven-digit" exclusion written into all insurance policies.

Two companion decisions by the state's highest court held that, in addition to recovering policy proceeds, policyholders may recover consequential damages resulting from an insurer's breach of a policy, at least in certain circumstances where the insurer is found to have breached its duty of good faith and fair dealing and the damages were foreseeable and quantifiable.

Over the last several years, the world's leading arbitral institutions have adopted new rules, recognizing that the growth in international arbitration has been accompanied by the increasing complexity and sophistication of disputes.

A year after the enactment of Resolutions 223/2010 and 224/2010 by the Brazilian National Private Insurance Council ("CNSP"), Brazilian insurance regulators are pointing out that the number of local reinsurers (licensed to carryout reinsurance in Brazil) has doubled from 6 to 12.

U.S. life carriers engaging in "asset intensive reinsurance transactions" should consider new requirements for reporting and actuarial testing...

On December 22, 2017, the president signed into law Public Law 115-97, informally known as the "Tax Cuts and Jobs Act" (the "Tax Reform Act" or the "Act").

The National Association of Insurance Commissioners (NAIC) recently approved enhanced disclosure and attestation requirements obligating property and casualty (P&C) insurers to regularly disclose and attest to their use of nontraditional reinsurance contracts generally known as "finite reinsurance."

Broadly, the proposed reduction in reporting requirements will be welcome, especially for transactions classified as "private securitisations" (although the detail of such changes will not be available for some time).