The Illinois Department of Insurance has issued a notice of proposed amendments to the Insurance Data Reporting Requirements Regulation (50 Ill. Adm. Code 4203).

The proposed amendments update data collection procedures dealing with mailing reports to the Department to conform to the current electronic submission methods. The definition of several…
Read More Illinois Department of Insurance Proposes Amendments to the Insurance Data Reporting Requirements Regulation

California’s wildfire season has been a long and grueling one this year, scorching both the northern and southern halves of the state.  Although some of the fires are still burning, eventually the state’s winter rains will come and douse the remaining embers.  In the coming months we will see people…
Read More California Wildfires: Carriers See A State Ablaze

Colorado Governor, John Hickenlooper, has picked Michael Conway as the interim Colorado Insurance Commissioner beginning January 1, 2018.  Michael Conway started at the Colorado Division of Insurance in March 2016.   He most recently served as Deputy Commissioner for Consumer and Compliance Services.  Mr. Conway previously worked in the Insurance Unit…
Read More Interim Insurance Commissioner Appointed in Colorado

Title: Dissecting the Amendments to Florida’s Viatical Settlement Act – Plus, a brief update on Delaware’s Amended Viatical Settlements Act
Date: Wednesday, December 20, 2018
Time: 12:00 pm Central / 1:00 pm Eastern

This program will discuss the 2017 amendments to Florida’s Viatical Settlement Act that became…
Read More Reminder – You are invited to a Complimentary CLE Webinar for Clients and Friends of Locke Lord LLP

A Cornhusker by birth, I’ve always had a special affinity for Nebraska, and particularly Omaha, where I was raised. My only regret is that I was neither old nor rich enough to participate in Mr.Buffet’s original partnership. Notwithstanding the frequent kvetching about the arbitration process, it is still the most…
Read More NEBRASKA: A Good Home for Berkshire Hathaway, but not for Reinsurance Agreements

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:

  1. Are We Covered by the EU GDPR?

…
Read More Insurance and Reinsurance Newsletter – December 2017

At its recent December 11th meeting in Corpus Christi, Texas, the Governing Committee of the Texas FAIR Plan Association (TFPA) is reported to have approved an assessment for its insurance company members of over $64 million in relation to a currently estimated $90 million gross loss for the TFPA from…
Read More Insurers Brace for a Texas-sized Assessment for FAIR Plan Members

At the NAIC’s Innovation and Technology Task Force meeting held last week in Hawaii, the American Insurance Association (“AIA”) urged state insurance regulators to adopt legislation that would create “sandboxes” wherein certain regulatory requirements would be waived for insurers looking to pilot innovative insurance products, services and technologies. AIA asserted…
Read More American Insurance Association Urges NAIC to Create Regulatory “Sandboxes”

You are invited to a Complimentary Webinar for Clients and Friends of Locke Lord LLP

Title: Dissecting the Amendments to Florida’s Viatical Settlement Act – Plus, a brief update on Delaware’s Amended Viatical Settlements Act
Date: Wednesday, December 20, 2018
Time: 12:00 pm Central / 1:00 pm…
Read More Please Join Us for a Locke Lord Webinar – Dissecting the Amendments to Florida’s Viatical Settlement Act – December 20

The 2017 United States Atlantic hurricane season, which officially ended on November 30, was the most expensive ever according to one report. Disaster modelers Chuck Watson and Mark Johnson concluded that total damages for the season, which included Hurricanes Harvey, Irma and Maria, topped $202 billion. The staggering financial losses…
Read More 2017 Hurricane Season the Costliest on Record