Locke Lord is a proud sponsor of The Insurance Forum on November 2, 2022 in Chicago. The program is offered in person and virtually. Locke Lord Partner Patrick Byrnes will moderate, and Senior Counsel Kenneth Suh and Associate Alexander Cox will serve as panelists, for “BIPA – The Familiar Face of Biometric Data Regulation.”
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Locke Lord Named Inside P&C 2022 Legal Services Provider of the Year
By Troutman Pepper Locke on
Posted in Uncategorized
Locke Lord has been named 2022 Legal Services Provider of the Year by Inside P&C. Inside P&C celebrates achievements and exceptional talent from the U.S. wholesale, specialty and reinsurance markets.
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The Rise of the Domestic Surplus Lines Insurer
By Zachary Lerner & Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
Zachary Lerner, Partner in Locke Lord’s New York office, authored an article in the New York Law Journal discussing the rise of the Domestic Surplus Lines Insurer (DSLI), key benefits of pursuing the formation or purchase of a DSLI and the associated challenges.
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September 2022 Privacy & Cybersecurity Newsletter: Ch-ch-ch-changes – CA, NY DFS, and NFTs
By Troutman Pepper Locke on
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.
Read More September 2022 Privacy & Cybersecurity Newsletter: Ch-ch-ch-changes – CA, NY DFS, and NFTs
The NAIC Adopts the Pet Insurance Model Act
By Troutman Pepper Locke on
Posted in United States
The National Association of Insurance Commissioners (“NAIC”) has recently passed the Pet Insurance Model Act (the “Act”). The NAIC’s passing of the Act follows a continued increase in annual premiums in connection with pet insurance policies.
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Big Data for Insurers: Clarity about the New Connecticut Requirements
The Connecticut Insurance Department issued a revised Notice to All Entities and Persons Licensed by the Connecticut Insurance Department concerning the Usage of Big Data and Avoidance of Discriminatory Practices (available here). The Notice, issued April 20, 2022, reminds “all entities and persons licensed by the Department that the Department continues to expect such entities and persons to use technology and Big Data in full compliance with anti-discrimination laws and have completed the [annual] data certification….”…
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Privacy & Cybersecurity Newsletter – July 2022
By Troutman Pepper Locke on
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.
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Texas Supreme Court Reverses Stop Loss Insurance Categorization Premium Tax Ruling
On June 17, 2022, the Texas Supreme Court released an opinion in Hegar v. Health Care Serv. Corp. (No. 21-0080) (Jun 17, 2022) regarding whether the Comptroller properly taxed an insurer based on premiums it received from sales of stop-loss insurance policies under Texas Insurance Code Chapters 222 and 257.
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Connecticut Modifies Its Captive Insurance Laws
By Troutman Pepper Locke on
Effective July 1, 2022, House Bill 5506 (the “Bill”) amends various provisions of Connecticut’s captive insurance laws. Notably, the Bill lowers the capital and surplus requirements for various types of captive insurers.
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NAIC Insurance Data Security Model Law Update: Vermont Becomes 21st State
Posted in Privacy/Data Security/Cyber Risk, United States
Vermont Governor Scott signed the Vermont Insurance Data Security Law (available here) (the “VIDSL”), becoming the 21st state to adopt a cybersecurity statute based on the National Association of Insurance Commissioners Insurance Data Security Model Law (NAIC Model 668). …
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