InsurTech Weekly Roundup – March 29, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreJurisdiction: United Kingdom
What Every InsurTech Should Know About Accountants
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 MoreInsurTech Weekly Roundup – March 22, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreLL Surplus Lines Series (Entry 3): Revisions to Montana’s Surplus Lines Laws
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 MoreLL Surplus Lines Series (Entry 2): New York to Consider Elimination of Diligent Search Requirement for Certain Commercial Policies
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 MoreLL Surplus Lines Series (Entry 1): Blog Series Launch
Locke Lord is pleased to announce the launch of its newest blog series, the LL Surplus Lines Series!
Read MoreInsurTech Weekly Roundup – March 1, 2019
While you were off changing the industry, you may have missed these important developments.
Read MoreInsurTech Weekly Roundup – February 22, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreUS Treasury Announces New Covered Agreement on Insurance and Reinsurance Regulation with UK
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 MoreLondon Direct and Facultative Market Affected by Harvey
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.
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