Reporting Developments Affecting the Insurance and Reinsurance Industries

 

LL Surplus Lines Series (Entry 5): 2019 WSIA Spring Surplus Lines Law Group Meeting Recap and Summary of Trends

The Surplus Lines Law Group held its spring meeting on Friday, April 5 in Biloxi, Mississippi. A number of presentations were given at the meeting, including updates on the trends around the nation with respect to the diligence search requirement, international tax and cybersecurity issues, as well as a presentation by this author as to the challenges surrounding placing group insurance coverage on a surplus lines basis (including unique hurdles applicable to risk purchasing groups).

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Although They Did Not Enter a Reinsurance Lottery, They Won The Jackpot

A California Court of Appeal recently affirmed a trial court’s denial of an insurer’s motion to ‎compel arbitration, finding that the trial court had the authority to decide the issue of the ‎enforceability of an arbitration agreement, and that the arbitration agreement at issue, which had ‎not been filed with the California Insurance Commission, was void.‎

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