Join Us – Locke Lord invites you to the Boston Regional Education Day – September 12
Join Locke Lord, AIRROC and Pro. for the Boston Regional Education Day
Read MoreReporting Developments Affecting the Insurance and Reinsurance Industries
NAIC Establishes Cannabis Insurance Working Group
The National Association of Insurance Commissioners (“NAIC”) voted earlier this week to establish a Cannabis Insurance Working Group (“Working Group”) to address insurance issues affecting the legalized cannabis industry. California Insurance Commissioner Dave Jones was appointed chair of the Working Group.
Read MoreREMINDER: You’re Invited – NAIC Summer Meeting Cocktail Reception – August 5
Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Summer 2018 National Meeting in Boston, MA.
Read MoreNational Flood Insurance Program Extended Through November
On Tuesday, the Senate passed a four month extension of the National Flood Insurance Program (“NFIP”). President Trump has already signed the extension, which extends authorization for the NFIP and allows it to continue borrowing funds through the end of the 2018 hurricane season.
Read MoreBest Interest of the Consumer
On July 18, 2018 Maria T. Vullo, New York Financial Services Superintendent, announced the adoption of certain amendments to Insurance Regulation 187, which requires insurers to establish standards and procedures for agent recommendations to consumers with respect to annuity contracts and life insurance policies to best address the insurance needs and financial objectives of the consumer.
Read MoreReminder: Key Provisions of New York’s Sexual Harassment Law Take Effect Today
New York State and New York City recently passed several anti-harassment laws in the wake of the #MeToo movement that will soon require employers to provide annual sexual harassment prevention training to all workers, distribute a comprehensive sexual harassment prevention policy, and update their form employment contracts and settlement agreements.
Read MoreMassachusetts Life Settlement Legislation Fails for Third Time
For the third consecutive term, a bill which would have eased restrictions on the life settlement industry in Massachusetts will not be adopted by the State’s Legislature.
Read MoreYou’re Invited – NAIC Summer Meeting Cocktail Reception – August 5
Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Summer 2018 National Meeting in Boston, MA.
Read MoreS.D.N.Y. Opinion Supports Right to Recover Reinsurance Damages and Interest Dating Back to Terrorist Attacks in 9/11 Litigation
A recent S.D.N.Y. opinion authored by Judge Daniels, IN RE: TERRORIST ATTACKS ON SEPTEMBER 11, 2001, 2018 WL 3323159, in an ongoing multidistrict litigation, concluded that reinsurer-plaintiffs seeking to recover damages from aiders and abettors of the 9/11 terrorists are entitled to recoup amounts paid under reinsurance contracts.
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