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On June 4, 2012, Connecticut Governor Dannel P. Malloy signed into law Public Act 103 and Public Act 139, both of which follow model laws recently put forth by the National Association of Insurance Commissioners (“NAIC”). …
Read More Connecticut Enacts NAIC Model Laws Regarding Enterprise Risk and Collateral Reduction for Alien Reinsurers

The California State Senate has unanimously passed SB 1216 and SB 1448, both of which follow model laws recently put forth by the National Association of Insurance Commissioners (“NAIC”). …
Read More California Senate Advances NAIC Model Laws Regarding Enterprise Risk and Collateral Reduction for Alien Reinsurers

June 13, 2012
Edwards Wildman Palmer LLP
750 Lexington Avenue
New York, New York  10022

Edwards Wildman Speakers:  Thomas F. Bush, Mark Everiss, E. Paul Kanefsky, Vincent J. Vitkowsky, Laurie A. Kamaiko, Brian J. Green, Neil R. (“Nick”) Pearson, Brent R. Austin, Patrick J. Gennardo
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Read More EDWARDS WILDMAN NEW YORK SEMINAR: 11th Annual Half-Day Insurance and Reinsurance Seminar – Wednesday, June 13, 2012

NEW HHS REPORTING RULE WILL HELP DEFINE “ESSENTIAL HEALTH BENEFITS”
On June 1, the U.S. Department of Health and Human Services (HHS) released a proposed rule that would require the three largest small-group health insurance issuers in each state to report detailed benefit information to HHS, as well as prescription drug coverage information and any limits on the benefits offered. …
Read More Healthcare Update: New HHS Reporting Rule Will Help Define “Essential Health Benefits”; CMS Ends Marketing Outreach for High-Risk Pools

On May 31, 2012, in an anticipated opinion, the Florida Supreme Court resolved five certified questions from the United States Court Appeals for the Eleventh Circuit in a case styled Chalfonte Condominium Apartment Association, Inc. v. QBE Insurance Corporation, Case. No. SC09-441.  The case involves Hurricane Wilma damage sustained to Boca Raton, Florida condominium property owned by the insured. …
Read More Florida Supreme Court Answers Certified Questions from Eleventh Circuit In Anticipated Hurricane Related Bad Faith Opinion

The U.S. Re Under 40s Group’s next event will take place on May 31 at Edwards Wildman’s New York office.  The event, co-sponsored by Edwards Wildman and WeiserMazars, will include a panel discussion about the current Professional Liability Market. …
Read More REMINDER – THURSDAY EVENING at 6:00 pm in New York – Join the U.S. Re Under 40s Group for its next Educational Event – Developments & Trends in Professional Liability – Cyber, D&O and E&O

The U.S. Re Under 40s Group’s next event will take place on May 31 at Edwards Wildman’s New York office.  The event, sponsored by WeiserMazars, will include a panel discussion about the current Professional Liability Market. …
Read More Join the U.S. Re Under 40s Group on May 31 for its next Educational Event – Developments & Trends in Professional Liability – Cyber, D&O and E&O

CMS DELAYS DATA COLLECTION UNDER SUNSHINE ACT
In a May 3 notice on its official blog, the Centers for Medicare & Medicaid Services (CMS) announced that it will not require data collection under the Physician Payments Sunshine Act, part of the Patient Protection and Affordable Care Act (PPACA), until January 1, 2013. …
Read More Healthcare Update: CMS Delays Data Collection Under Sunshine Act; New Rules to Ease Burdens on Providers; MA Bills Target Healthcare Costs; CMS Proposes Medicaid Payment Increase; New Bill Proposes Repeal of SGR

The Financial Crimes Enforcement Network (“FinCEN”), a bureau of the U.S. Department of the Treasury, and the California Insurance Department (the “Department”) announced that they signed a Memorandum of Understanding (“MOU”) that will allow the FinCEN and the Department to share important information enabling both parties to coordinate and heighten efforts aimed at rooting out fraud and protect consumers and the insurance industry from criminal acts. …
Read More The U.S. Treasury and the California Insurance Department Signed a Memorandum of Understanding Regarding Information Sharing

N.J. State Senator Nicholas Scutari (D-22nd Dist.) introduced Senate Concurrent Resolution No. 105 (the “Resolution”), which is critical of a proposed amendments by the New Jersey Department of Banking and Insurance (the “Department”) affecting the personal injury protection (“PIP”) regulations promulgated under the Automobile Insurance Cost Reduction Act of 1998 (the “Act”). …
Read More Resolution Critical of the New Jersey Department of Banking and Insurance Amendments to the Personal Injury Protection Regulations Introduced to the New Jersey State Senate