Troutman Pepper Locke

Subscribe to Troutman Pepper Locke's Posts

On April 15, 2020, the Texas Department of Insurance (TDI) issued a bulletin encouraging insurers to conduct midterm premium audits of commercial policies where premiums may need to be adjusted as a result of reduced business operations due to the impact of the COVID-19 pandemic.
Read More TDI Encourages Midterm Commercial Policy Audits in Response to COVID-19

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 (April 15th, 2020)

On March 27, 2020, a pair of New York State Assembly members introduced a bill that was aimed at requiring insurance carriers that issued a loss of use or business interruption policy to retroactively cover the losses resulting from Covid-19.
Read More New York Bill to Change Business Interruption Cover for Covid-19 Amended and Clarified

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.
Read More COVID-19 Daily Insurance Regulatory Updates To Keep You Informed During The Lockdown (April 9th, 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 (April 8th, 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 (April 7th, 2020)

We are pleased to present this 20th Anniversary 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.
Read More Excess and Surplus Lines Law Manual 2020 Update

The high court of Maryland has endorsed pro rata allocation under CGL policies in an asbestos bodily injury case, affirming the lower court and stating that “[t]he pro rata allocation approach—a longstanding precedent adopted by the [state intermediate appellate court] and a majority of other jurisdictions—is the correct standard.”…
Read More Maryland Joins State Supreme Courts Endorsing Pro Rata Allocation for Long-Tail Losses

The NAIC has released a COVID-19 Information Request Template (the “Template). The Template preamble explains, “it was developed for purposes of state insurance department use in collecting information from U.S. insurance groups and legal entities (hereafter “companies”) on their preparation for and exposure to the novel coronavirus known as COVID-19.
Read More NAIC Releases COVID-19 Information Request Template