Jurisdictions

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Connecticut Governor Dan Malloy announced today his appointment of Thomas Leonardi as the new Insurance Commissioner of the Connecticut Department of Insurance.  Leonardi currently serves as the Chairman and CEO of Northington Partners, Inc., an insurance specialty venture capital and investment banking firm, where he has worked with insurance companies on strategic, investment, capital raising and financial advisory matters. …
Read More New Connecticut Insurance Commissioner Announced Today

In a comment letter to the U.S. Department of Health and Human Services, the American Hospital Association has asked that the final medical loss ratio (MLR) rules under the Patient Protection and Affordable Care Act be changed.  The AHA would like all capitated payments to be classified as medical claims, including the entire cost of providing delivery plus the associated administrative overhead. …
Read More AHA Letter Calls for Medical Loss Ratio Rule Changes

Edwards Angell Palmer & Dodge LLP continues its live blogging from the PLUS D&O Symposium. There were several interesting points discussed during the first panel discussion this morning. …
Read More Live Blog: D&O Symposium Thursday Panel I – Regulatory Change Simplified: A Review of Key D&O Regulatory Issues

Several captive insurance company domiciles in the United States reported growth in 2010.  The Vermont Department of Banking, Insurance, Securities and Health Care Administration reported it licensed 33 new captive insurance companies in 2010, bringing the total of number of Vermont licensed captives to 911.  The new captives included nineteen pure captives, nine special purpose financial captives, four risk retention groups and one industrial insured captive. …
Read More United States’ Jurisdictions Report Captive Insurance Company Growth in 2010