On March 10, 2022, the UK government and the state of Connecticut entered into a formal agreement, dubbed Project “InsurTech Corridor” (the “Project”), that is intended to remove barriers to doing business as an insurtech in each jurisdiction.
United Kingdom
Privacy & Cybersecurity Newsletter – January 2022
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.…
Locke Lord Team Represented Convex in Obtaining Reciprocal Reinsurer Status
By Troutman Pepper Locke on
A Locke Lord team led by Zachary Lerner (New York) assisted Convex Insurance UK Limited (CIL) and Convex Re Limited (CRL) in obtaining reciprocal reinsurer status, the first alien insurers to receive such designations in the United States.…
Insurers in the Mix at COP 26 in Glasgow, Scotland
By Tim Vasil on
Posted in Climate Change, United Kingdom
In addition to the discussion of the future of the energy sector at the 26th United Nations Climate Change Conference of the Parties (”COP26”) taking place in Glasgow, Scotland from October 31 – November 12, 2021, there has also been a discussion of the role of the insurance industry in addressing climate change.…
Privacy & Cybersecurity Newsletter – Fall 2020
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.…
UK High Court Rules on Business Interruption Insurance Test Case
By Ernesto Palomo & Troutman Pepper Locke on
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. …
What Every InsurTech Should Know About Privacy and Cybersecurity
As an early stage or startup InsurTech, you’re highly focused on all the right things: identifying a challenge for the insurance industry, developing an innovative technical solution, making it practical and scalable, getting it funded, and implementing it. The industry for which InsurTech seeks to develop and deliver solutions is awash, however, in requirements and restrictions related to the collection, use, sharing, and protection of data.…
Locke Lord Privacy Lawyer Authors Article in Best’s Review on Regulations Impacting InsurTechs
Ted Augustinos, a member of the steering committee of Locke Lord’s Privacy and Cybersecurity Practice Group, authored an article detailing the stifling effect of privacy and cybersecurity regulations on innovative data usage at insurance companies.…
LL Surplus Lines Series (Entry 5): 2019 WSIA Spring Surplus Lines Law Group Meeting Recap and Summary of Trends
The Surplus Lines Law Group held its spring meeting on Friday, April 5 in Biloxi, Mississippi. A number of presentations were given at the meeting, including updates on the trends around the nation with respect to the diligence search requirement, international tax and cybersecurity issues, as well as a presentation by this author as to the challenges surrounding placing group insurance coverage on a surplus lines basis (including unique hurdles applicable to risk purchasing groups).…
InsurTech Weekly Roundup – March 29, 2019
By Benjamin Sykes & Troutman Pepper Locke on
While you were off changing the industry, you may have missed these important developments…