In This Issue:

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Read More Privacy & Cybersecurity Newsletter – August 2018

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

Wednesday, September 12, 2018
8:00 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:…
Read More Join Us – Locke Lord invites you to the Boston Regional Education Day – September 12

The National Association of Insurance Commissioners (“NAIC”) voted earlier this week to establish a Cannabis Insurance Working Group (“Working Group”) to address insurance issues affecting the legalized cannabis industry. California Insurance Commissioner Dave Jones was appointed chair of the Working Group. Commissioner Jones stated, “Cannabis businesses face insurance availability and…
Read More NAIC Establishes Cannabis Insurance Working Group

Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Summer 2018 National Meeting in Boston, MA.

Sunday, August 5, 2018
5:30 pm – 7:30 pm (Eastern)

Earls Kitchen & Bar
Prudential Center
800 Boylston Street, Unit 107
Boston,
Read More REMINDER: You’re Invited – NAIC Summer Meeting Cocktail Reception – August 5

On Tuesday, the Senate passed a four month extension of the National Flood Insurance Program (“NFIP”). President Trump has already signed the extension, which extends authorization for the NFIP and allows it to continue borrowing funds through the end of the 2018 hurricane season. The extension, which passed the Senate…
Read More National Flood Insurance Program Extended Through November

On July 18, 2018 Maria T. Vullo, New York Financial Services Superintendent, announced the adoption of certain amendments to Insurance Regulation 187, which requires insurers to establish standards and procedures for agent recommendations to consumers with respect to annuity contracts and life insurance policies to best address the insurance…
Read More Best Interest of the Consumer

As reported here, the NAIC adopted a model law for the protection of the data and systems used by the insurance industry, and South Carolina became the first state to enact legislation based on the NAIC model.  In doing so, however, the South Carolina legislature created some uncertainty by…
Read More South Carolina Department clarifies confusing change in its new Insurance Data Security Act

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 update their form employment contracts and settlement agreements.
Read More Reminder: Key Provisions of New York’s Sexual Harassment Law Take Effect Today

Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Summer 2018 National Meeting in Boston, MA.

Sunday, August 5, 2018
5:30 pm – 7:30 pm (Eastern)

Earls Kitchen & Bar
Prudential Center
800 Boylston Street, Unit 107
Boston,
Read More You’re Invited – NAIC Summer Meeting Cocktail Reception – August 5

A recent S.D.N.Y. opinion authored by Judge Daniels, IN RE: TERRORIST ATTACKS ON SEPTEMBER 11, 2001, 2018 WL 3323159, in an ongoing multidistrict litigation, concluded that reinsurer-plaintiffs seeking to recover damages from aiders and abettors of the 9/11 terrorists are entitled to recoup amounts paid under reinsurance contracts.  In…
Read More S.D.N.Y. Opinion Supports Right to Recover Reinsurance Damages and Interest Dating Back to Terrorist Attacks in 9/11 Litigation