Reporting Developments Affecting the Insurance and Reinsurance Industries

 

UK High Court Rules on Business Interruption Insurance Test Case

On September 15, 2020, the UK’s High Court issued its highly-anticipated ruling on the “test ‎case” for COVID-19 business interruption insurance coverage. The case was brought by the UK ‎Financial Conduct Authority (FCA) on behalf of several policyholders – many small and medium ‎sized enterprises (SMEs) – to determine how the Court would rule on several different policy ‎wordings for business interruption insurance in relation to losses arising out of the COVID-19 ‎pandemic. ‎

Read More

NEW PROGRAM ADDED: Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19

The summer is coming to an end…and so is our Summer Speaker Series! Join us for the final program in our series on issues impacting the insurance industry as we move to the next phase of COVID-19. One hour of CLE is approved in CA, IL, TX and NY. Other states are pending.

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 31, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. 

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 28, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 27, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.

Read More

Illinois Department of Insurance Adopts Rule Mandating Prior Notification of Dividends or Distributions by Captive Insurance Companies

The Illinois Department of Insurance has adopted a new rule, 50 Ill. Adm. Code 1305, Prior Notification of Dividends or Distributions.  Illinois Public Act 100-1118, effective November 27, 2018, added a new section to Article VIIC of the Illinois Insurance Code, Domestic Insurance Companies, namely, section 123C-26 [215 ILCS 5/123C-26] which mandates that captive insurance companies shall notify the Director when issuing dividends or distributions to policyholders [215 ILCS 5/123C-26.A] and which mandates that the Director approve that issuance and adopt rules to implement the approval process [215 ILCS 5/123C26.B].

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 26, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. 

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 25, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. 

Read More

COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (August 24, 2020)

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. 

Read More
Loading

InsurTech

Topics

Archives

Email the Editor

Click here to Email the Editor

Locke Lord LLP

For the latest information about our Firm visit lockelord.com