Zachary Lerner is moderating a discussion on insurtech and its impact on the surplus lines industry at the 2018 Fall Surplus Lines Law Group Meeting, hosted by the Excess Line Association of New York (ELANY) on October 12, 2018 in New York. ELANY is a non-profit industry advisory association, charged…
Read More 2018 Fall Surplus Lines Law Group Meeting

The Texas Department of Insurance (TDI) has proposed a new rule and certain amendments to existing rules intended to implement provisions of the Texas Insurance Code that apply to captive insurance companies.

The proposed rule and amendments follow 2015 and 2017 legislative amendments to the Insurance Code, which enacted certain…
Read More Texas Regulators Propose Increased Opportunities for Domestic Captives

The New York Department of Financial Services Cybersecurity Regulations, 23 NYCRR part 500 (the “Cybersecurity Regulations”), require companies subject to the regulations to update their record retention schedule for particular documents mandated by the Cybersecurity Regulations.  In particular, covered entities must have policies and procedures in place for the…
Read More Document Retention Aspects of New York Cybersecurity Regulations

Insurers may soon benefit from reporting revisions to diversify and strengthen investment portfolios and enhance managing Risk Based Capital (“RBC”).  As part of the ongoing National Association of Insurance Commissioners (“NAIC”) Investment Classification Project it is proposed that RBC for NAIC designated mutual funds be based on the underlying holdings…
Read More Investment Project Expected to Yield Portfolio Strengthening and Risk Sensitivity

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.

In This Issue:

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Read More Insurance and Reinsurance Newsletter – September 2018

Texas Department of Insurance (TDI) has recently announced that it will now require online applications for most individual insurance related licenses.

Paper applications will no longer be accepted if an online license application is available.

Not all applications are web-based. Some license types are still required to be submitted using…
Read More TDI to Require Online Applications for Insurance Licenses

Wednesday, September 12, 2018
9:00 am –  5:00 pm Eastern

Locke Lord LLP
111 Huntington Avenue, 9th Floor
Boston, MA

The program will feature updates on some of the biggest trending topics for the insurance industry in 2018:

  • Hurricane Maria: A Caribbean Cat and the Puerto Rico Insurance Experience
  • Insurance

…
Read More Join Locke Lord, AIRROC and Pro. for the Boston Regional Education Day

On August 31, 2018, the California Legislature passed a number of bills addressing various issues related to wildfires that have ravaged the state in recent years.  The following bills relate to insurance in connection with past and future wildfires:

SB-901 addresses a range of wildfire-related issues.  The bill will ease…
Read More California Electric Utilities’ Problems are Above Smokey the Bear’s Pay Grade!

As we reported last on July 11, 2018, New York State and New York City recently passed several anti-harassment laws in the wake of the #MeToo movement that will soon require employers to provide annual sexual harassment prevention training to all workers, distribute a comprehensive sexual harassment prevention policy, and…
Read More Update on Sexual Harassment Laws in New York: Today, Posting and Information Sheets Must be Distributed

Update: the Governor of California, signed Senate Bill 1121 on September 23, 2018, ratifying the amendments described below.

On August 31, 2018, the California State Legislature passed Senate Bill 1121, amending the California Consumer Privacy Act of 2018 (“CCPA”).  The CCPA, which contains the broadest consumer data privacy protections…
Read More California Amends Consumer Data Privacy Act, but Leaves Material Provisions Unchanged and Questions Unanswered