New York Associate Zachary Lerner and Hartford Associate Alexandra Cavaliere co-authored an Insurance Journal article detailing the technological advances in the insurance industry, specifically the rise of insurtech. Lerner and Cavaliere examine the challenges and opportunities insurtech poses for surplus lines.

To read the full article, click here.
Read More Surplus Lines: Insurtech and Technological Opportunities, Challenges

On Monday, the Centers for Medicare and Medicaid Services (“CMS”) released (1) the Notice of Benefit and Payment Parameters for 2019 final rule (“Final Rule”), (2) the Final Annual Issuer Letter and (3) guidance on hardship exemptions and transitional policies. Some of the more significant developments contained in the documents…
Read More CMS Uses Regulatory Levers to Chip Away at Affordable Care Act Protections

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 – April 2018

On April 10, the Texas General Land Office (“GLO”) released a draft of the State of Texas Plan for Disaster Recovery: Hurricane Harvey – Round 1 (the “State Action Plan”). The State Action Plan outlines the GLO’s proposed use of $5.024 billion in Community Development Block Grant Disaster Recovery (“CDBG-DR”)…
Read More Texas General Land Office Releases Hurricane Harvey State Action Plan

Independent insurance sales agents have been treated as independent contractors (ICs) for decades. But recently, class action lawyers have begun to target insurance companies with claims that carriers have misclassified these sales agents as ICs instead of employees. These lawsuits allege that insurance companies have violated wage and hour, employee…
Read More Independent Contractor Misclassification: Class Action Lawyers Now Targeting the Insurance Industry

Both bodies of the Georgia General Assembly have passed a bill that would allow Georgia-domiciled insurers to divide into one or more parts. HB 754 would allow domestic insurers to draft a detailed plan of division and submit that plan to the Commissioner for approval. HB 754 would not require…
Read More Georgia Domestic Division Bill Advances Through General Assembly

Third party vendors, outsource providers, and cloud providers are critical to the operations of all organizations. Yet they also introduce a significant cybersecurity risk. Locke Lord’s Privacy & Cybersecurity group will present a complimentary, in-depth review of the key regulatory requirements for vendor cybersecurity, followed by a presentation of a…
Read More Join Us – Addressing Cybersecurity Risk in Vendor Management

Earlier this month, the Captive Insurance Agency Amendment Act of 2017 (DC LB 420) had its first reading before the District of Columbia Council. If enacted, LB 420 would increase the number of insurance products available for purchase through DC’s Captive Insurance Agency. LB 420 would also allow captive insurers…
Read More Amendment to D.C. Captive Statute Introduced

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

Sunday, March 25, 2018
5:30 pm – 7:30 pm (Central)

Hyatt Regency Milwaukee
Vue Rooftop Ballroom
333 West Kilbourn Avenue
Milwaukee, Wisconsin
Read More You’re Invited – NAIC Spring Meeting Cocktail Reception – March 25

As we reported here, March 1, 2018 brings a new transition date, with a new set of compliance obligations for Covered Entities subject to the Cybersecurity Regulation of the New York Department of Financial Services.  By March 1, Covered Entities will need to have complied with the Risk Assessment…
Read More The March 1 Deadline for NY DFS Cyber Compliance: One Week to Go!