We are happy to provide the 2021 edition of our Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. The website provides you with the ability to click on the states and territories of interest to view the updates.
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New York Department of Financial Services Issues Proposed Guidance for Managing the Financial Risks of Climate Change
New York Department of Financial Services (DFS) released its climate change guidance New York domestic insurers for comment on March 26, 2021. The Guidance, found here, seeks to support domestic insurers in managing the financial risks associated with climate change.
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The Importance of Environmental, Social, and Corporate Governance
Climate change has shown many investors, regulators, and lawmakers that it is a threat to financial stability. Environmental, social, and governance (ESG) has allowed everyone from regulators to consumers to take active steps to solve this problem.
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LL Surplus Lines Series (Entry 29): Illinois Looks to be Latest State to Streamline Diligent Search Requirements, and to Provide Clarity for Group Policies
On February 26, 2021, a bill was introduced in the Illinois General Assembly that among other changes would eliminate the diligent effort requirement for commercial business sourced by a surplus lines producer through a retail insurance producer and would also reduce the requirement for master policies and program business.
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LL Surplus Lines Series (Entry 28): Surplus Lines Compliance Reminder Issued by ELANY, Regarding Group Policies and Use of Binding Authority Agreements
On February 8, 2021, the Excess Line Association of New York (“ELANY”) issued Bulletin No. 2021-05 reminding surplus line insurers and brokers about some often overlooked compliance requirements. Among the topics was the issuance of group policies and use of binding authority agreements.
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COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 26-30, 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.
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COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 19-23, 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 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 19-23, 2020)
COVID-19 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 10-16, 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 Weekly Insurance Regulatory Updates To Keep You Informed During The Lockdown (October 10-16, 2020)
COVID-19 Monthly Insurance Regulatory Updates To Keep You Informed During The Lockdown (September 2020)
For September we have provided a monthly recap of insurance regulatory COVID-19 updates. Moving forward updates will be published on a weekly basis.
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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 31, 2020)