This program will offer an overview of the Employee Retirement Income Security Act of 1974 (“ERISA”). It will examine recent cases involving allegations that an insurer or its affiliate violated a fiduciary duty owed to an ERISA plan it serviced, with an emphasis on cases concerning “revenue sharing” with a mutual fund that the plan offers its participants. It is designed for in-house counsel, human resource managers and benefit specialists who focus on employee benefit matters.
Read More Please Join Us – ERISA Overview – Complimentary Seminar – October 2, 2013

In recent years, the use of captives to help life insurers finance perceived excess XXX and AXXX reserves has accelerated. The NAIC continues to monitor the emerging practice and has drawn considerable attention to the matter through its solicitation of opinions by various players in the industry as well as through the publication of white paper on the matter and actions by the Principle-Based Reserving Implementation (EX) Task Force at the NAIC’s Summer National Meeting. …
Read More FIO Showing Increased Willingness to Intervene on Use of Captives to Finance Perceived Excess Reserves

On August 24th, the Principle-Based Reserving Implementation (EX) Task Force (the “Task Force”) of the NAIC met at the NAIC Summer National Meeting. During the meeting, the Task Force set forth additional charges with respect to the use of captives by life insurers and determined that the NAIC needs to “further assess the solvency implications of life insurer-owned captive insurers and other alternative mechanisms in the context of [Principle-Based Reserving].”…
Read More NAIC Increases Focus on Use of Captives by Life Insurers

HHS SETTLES WITH HEALTH PLAN ON PHOTOCOPIER BREACH

On August 14, the Department of Health and Human Services (HHS) announced that it had reached a $1.2 million settlement with Affinity Health Plan, Inc. (Affinity) to settle potential violations of the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy and Security Rules. …
Read More Healthcare Update: HHS Settles with Health Plan on Photocopier Breach; FTC Allows Georgia Hospital Acquisition to Stand; HHS Awards $67 Million in Grants to “Navigators”

Edwards Wildman Speaker: Robert W. DiUbaldo

12:00 PM – 1:15 PM (Central Time)

Please join us on August 28 from noon to 1:15 pm (Central) for this free webinar. Attorneys from Edwards Wildman Palmer LLP and Surdyk & Baker, engineers from St. John-Mittelhauser & Associates and underwriting and claims professionals from the Catlin Group will discuss the recently enacted Illinois Hydraulic Fracking Regulatory Act and its potential consequences, and will answer your questions. …
Read More REMINDER: COMPLIMENTARY WEBINAR – FRACKING the NEW ALBANY SHALE: Legal and Technical Issues Arising from the Passage of the Illinois Hydraulic Fracturing Regulatory Act (HFRA)

The Solvency Modernization Initiative (E) Task Force – Group Solvency Issues Working Group met on Sunday morning at the 2013 Summer Meeting of the National Association of Insurance Commissioners (NAIC) in Indianapolis, to discuss the status of the discussions with the International Association of Insurance Supervisors (IAIS) and the Financial Stability Board (FSB). …
Read More NAIC Summer Meeting Update: Solvency Modernization Initiative Task Force – Group Solvency Issues Working Group

The Producer Licensing (EX) Working Group met on Sunday morning at the 2013 Summer Meeting of the National Association of Insurance Commissioners (NAIC) in Indianapolis, IN to discuss the recommendations it will make at the Producer Licensing (EX) Task Force meeting, which will be held on Sunday afternoon. …
Read More NAIC Summer Meeting Update: Producer Licensing (EX) Working Group

The Financial Regulation Standards and Accreditation (F) Committee met on Saturday afternoon at the 2013 Summer Meeting of the National Association of Insurance Commissioners (NAIC) in Indianapolis, IN.
Read More NAIC Summer Meeting Update: Financial Regulation Standards and Accreditation (F) Committee