As previously reported here, Bermuda held its first general election since 2003 on December 18, 2007. As a result, Bermuda Premier Ewart Brown of the Progressive Labour Party (“PLP”) was officially elected by public vote as Premier, a position he originally obtained through an internal party battle a year ago.
Read MoreAs we previously discussed here, the move to change the rules governing collateral requirements for foreign reinsurers has been gaining momentum in a number of U.S. states. New York started the trend last October, when its Superintendent of Insurance, Eric Dinallo, introduced a draft regulation that seeks to eliminate the existing collateral requirements imposed on foreign and alien reinsurers operating in New York.
Read MoreOn November 28, 2007, Nebraska Governor Dave Heineman announced his appointment of Ann Frohman as the Director of the Nebraska Department of Insurance (the “Department”). Frohman served as the Department’s Deputy Commissioner since January 2004.
Read MoreAs reported previously in this space here and here, OFC legislation (entitled the “National Insurance Act”) was resubmitted in the House and Senate earlier this year. While testimony from the NAIC and various trade organizations was taken by the House Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises on October 3 and October 30, the current consensus is that no OFC legislation will be passed this year.
Read MoreOn InsureReinsure.com, we strive to provide information about issues involving the insurance and reinsurance world and we rarely deal with criminal proceedings but there are instances, however, when alleged criminal activities become relevant to our industry.
We have blogged regularly about Richard (“Dickie”) Scruggs and the Scruggs Katrina Group, a group of attorneys representing thousands of policyholders in Katrina-related coverage disputes with their insurance companies.
Read MoreScott Kipper has been selected to replace Joel Ario as the administrator of Oregon’s Insurance Division of the Department of Consumer and Business Services (“DCBS”). As previously reported here, Joel Ario left the Insurance Division to become the insurance commissioner of the Commonwealth of Pennsylvania. Kipper’s appointment will be effective on December 27.
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