The New York Department of Financial Services (the “Department”) has made a major step in making it easier for the public to view property and casualty insurance company rate, rule and form filings through a free online database. These filings are used by P&C insurers to, among other things, introduce new products, support rate increases, or make changes to coverages on existing products.
Read More New York P&C Rate, Rule and Form Filings Now Available for On-Line Download
United States
WEBINAR: Solvency II – Capital Requirements, Groups and Third Country Equivalence -Thursday, May 31, 2012
By Troutman Pepper Locke on
Posted in Solvency II, United States
This presentation will be of interest to anyone working in, or advising, an international insurance or reinsurance group. It will also be of interest to reinsurers based outside the European Union with reinsureds based inside the Union. …
Read More WEBINAR: Solvency II – Capital Requirements, Groups and Third Country Equivalence -Thursday, May 31, 2012
California Legislation Relaxing Credit for Reinsurance Collateral Requirements Continues to Advance
By Troutman Pepper Locke on
California’s Senate Insurance Committee recently approved in a unanimous vote SB 1216 (the “Bill”). …
Read More California Legislation Relaxing Credit for Reinsurance Collateral Requirements Continues to Advance
Potential Insurance Implications of the JOBS Act
By Troutman Pepper Locke on
Posted in Federal Legislative Developments, United States
On April 5, 2012, President Obama signed the JOBS (Jumpstart Our Business Startups) Act into law. A primary goal of the legislation is to facilitate the ability of growing companies to raise capital. …
Read More Potential Insurance Implications of the JOBS Act
Healthcare Update: CMS Issues Proposed IPPS Rule; PPACA Expected to Save $200 Billion Through 2016
By Troutman Pepper Locke on
Posted in Healthcare, United States
CMS ISSUES PROPOSED IPPS RULE
On April 24, the Centers for Medicare and Medicaid Services (CMS) issued its proposed Inpatient Prospective Payment Systems (IPPS) rule setting forth hospital payment rate changes for the 2013 fiscal year, which begins October 1, 2012. …
Read More Healthcare Update: CMS Issues Proposed IPPS Rule; PPACA Expected to Save $200 Billion Through 2016
FSOC Issues Rule for “Nonbank SIFIs”
By Troutman Pepper Locke on
Posted in Regulatory, United States
In April 2012, the Financial Stability Oversight Council (“FSOC”) issued its Final Rule (the “Rule”) and interpretive guidance on the regulation of systemically important nonbank financial companies, or what many refer to as SIFIs (i.e., “systemically important financial institutions”). …
Read More FSOC Issues Rule for “Nonbank SIFIs”
Oregon Adopts Captive Legislation
By Troutman Pepper Locke on
Posted in Regulatory, United States
Oregon Governor John Kitzhaber recently signed S.B. 1547 into law, making Oregon the latest state to permit the formation of captive insurance companies. S.B. 1547 allows for the formation of pure captives, association captives, branch captives, and captive reinsurers. …
Read More Oregon Adopts Captive Legislation
Healthcare Update: CMS Announces First ACO Participants; HHS Proposes Delaying ICD-10 Compliance Deadline, Adopts Unique Health Plan Identifier; New York Governor Issues Executive Order for Health Exchange
By Troutman Pepper Locke on
Posted in Healthcare, United States
CMS ANNOUNCES FIRST ACO PARTICIPANTS
On April 10, the Centers for Medicare & Medicaid Services (CMS) announced the first 27 accountable care organizations (ACOs) that will participate in the Medicare Shared Savings Program (MSSP), established under the Patient Protection and Affordable Care Act (PPACA). …
Read More Healthcare Update: CMS Announces First ACO Participants; HHS Proposes Delaying ICD-10 Compliance Deadline, Adopts Unique Health Plan Identifier; New York Governor Issues Executive Order for Health Exchange
Video of Cybersecurity Legislation Panel
Congress will take up cybersecurity legislation the week of April 23. On April 5, Vince Vitkowsky, of Edwards Wildman’s New York office, moderated a panel on Capitol Hill that included, among others, representatives of the House Permanent Select Intelligence Committee, the U. S. Chamber of Commerce, and the Constitution Project. …
Read More Video of Cybersecurity Legislation Panel
AN INVITATION – Lunch & Learn Seminar – Solvency II – Capital Requirements, Groups and Third Country Equivalence
By Troutman Pepper Locke on
Posted in Solvency II, United States
This presentation will be of interest to anyone working in, or advising, an international insurance or reinsurance group. It will also be of interest to reinsurers based outside the European Union with reinsureds based inside the Union. …
Read More AN INVITATION – Lunch & Learn Seminar – Solvency II – Capital Requirements, Groups and Third Country Equivalence