InsurTech Weekly Roundup – March 29, 2019
While you were off changing the industry, you may have missed these important developments
Read Moreby Benjamin Sykes | Mar 29, 2019 | InsurTech | European Union, United Kingdom, United States
While you were off changing the industry, you may have missed these important developments
Read Moreby Kathleen Swan | Mar 26, 2019 | InsurTech | Bermuda, European Union, Hong Kong, United Kingdom, United States
You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read Moreby Benjamin Sykes | Mar 22, 2019 | InsurTech, Life Insurance & Annuities | European Union, United Kingdom, United States
While you were off changing the industry, you may have missed these important developments
Read MoreMar 22, 2019 | Excess and Surplus Lines | Bermuda, European Union, United Kingdom, United States
Montana amended its insurance code to revise certain definitions and update certain provisions relating to surplus lines insurance effective March 7, 2019; the amendments can be found here. Section 33-2-301(3)(t)(i) of the Montana insurance code amended its definition of “surplus lines insurance” to include inland marine insurance.
Read Moreby Zachary Lerner | Mar 18, 2019 | Excess and Surplus Lines, New York Developments | Bermuda, European Union, United Kingdom, United States
One of the hallmarks of surplus lines regulation throughout the United States is the “diligent search” requirement whereby the surplus lines broker (or retail producer) must attempt to place insurance coverage in the admitted market before exporting such coverage to an eligible, unauthorized surplus lines insurer.
Read Moreby Zachary Lerner | Mar 13, 2019 | Excess and Surplus Lines | Bermuda, European Union, United Kingdom, United States
Locke Lord is pleased to announce the launch of its newest blog series, the LL Surplus Lines Series!
Read Moreby Benjamin Sykes | Mar 1, 2019 | InsurTech | European Union, United Kingdom, United States
While you were off changing the industry, you may have missed these important developments.
Read Moreby Benjamin Sykes | Feb 22, 2019 | InsurTech | European Union, United Kingdom, United States
While you were off changing the industry, you may have missed these important developments
Read Moreby John Emmanuel | Dec 12, 2018 | Brexit, Industry Developments, Regulatory, Reinsurance | United Kingdom, United States
The U.S. Department of the Treasury and the Office of the U.S. Trade Representative announced on December 11, 2018 that they intend to sign a new Bilateral Agreement between the U.S. and the U.K. on Prudential Measures Regarding Insurance and Reinsurance (“Covered Agreement”).
Read Moreby Tom Bohac | Sep 6, 2017 | Hurricane Harvey, Reinsurance, Texas Developments | United Kingdom, United States
Hurricane Harvey has caused significant exposure for those owning habitational accounts in London’s direct and facultative (“D&F”) market. Habitational coverage insures commercial residential properties, and each habitational account could cover hundreds of properties.
Read More