The Illinois Department of Insurance recently adopted amendments to three parts of the insurance holding company systems regulations (50 Ill. Adm. Code 651, 653, 655).

Changes to Part 651 pertain to acquisitions of Illinois domestic insurance companies. Article VIII ½ of the Illinois Insurance Code (Insurance Holding Company Systems) was…
Read More Illinois Department of Insurance Adopts Amendments to Insurance Holding Company Systems Regulations

Connecticut Governor Dannel P. Malloy recently signed House Bill 7183 (the “Act”), which makes various changes to the state’s insurance laws. The Act, among other changes, creates a new section of the insurance code pursuant to which a dormant captive insurer may apply for a certificate of dormancy from the…
Read More Connecticut Enacts Omnibus Insurance Law

You are Invited to a Complimentary Live Webinar sponsored by DocuSign

Title:  Lessons in Digital Transformation: An Overview of eSignature Legal Validity and Case Law
Date: Tuesday, July 11, 2017
Time: 10:00 am PT / 1:00 ET

Under the ABA Model Rules, we can no longer disregard the effects of…
Read More Webinar: Lessons in Digital Transformation: An Overview of eSignature Legal Validity and Case Law

Governor Dannel P. Malloy recently signed Senate Bill 260 (“SB 260”) into law. SB 260 authorizes the Office of Policy and Management, the Department of Motor Vehicles and the Department of Emergency Services and Public Protection to establish a pilot program pursuant to which certain municipalities may permit manufacturers to…
Read More Connecticut Enacts Senate Bill 260; Establishes Task Force to Study Autonomous Vehicles

The Massachusetts Supreme Judicial Court has ruled that under a policy with a duty to defend, “the insurer’s duty to defend does not require it to prosecute affirmative counterclaims on behalf of its insured.”  The Court, its Mount Vernon Fire Ins. Co. v. VisionAid, Inc. decision with a 5-2 vote,…
Read More Massachusetts Supreme Judicial Court Holds a Duty to Defend Does Not Extend to Affirmative Counterclaims

Dave Jones, California Insurance Commissioner took an aggressive stand on Climate Change in a Press Release issued June 21, 2017, stating that if any “…climate denying politicians of red states who threaten to sue me, I will happily defend my obligation as California’s Insurance Commissioner to make sure insurers are…
Read More You don’t need a weather man to know which way the wind blows* (*Bob Dylan)

With the adoption of new legislation supported by the Texas Department of Insurance, Texas has formally eliminated its $300 million minimum premium volume exemption from otherwise required Enterprise Risk Report filings for Texas licensed insurers.  Texas now joins other states in requiring the solvency and enterprise risk evaluation filings for…
Read More Texas Eliminates Enterprise Risk Report Small Insurer Exemption

The Texas Legislature has passed legislation authorizing domestic surplus lines insurance companies in Texas, which may lead to an influx of new insurance company applications for licensure and redomestication to Texas applications as insurer groups seek to take advantage of the increasingly liberalized Texas rules governing its surplus lines market.
Read More Texas Legislature Passes Domestic Surplus Lines Insurance Company Legislation

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The following are summaries some of the key legislative bills that the Georgia General Assembly adopted in its 2017 legislative regular session that affect the insurance industry. The 2017 legislative session, which ended on March 30, 2017, was the first year of the state’s…
Read More Key Insurance Industry Bills Passed by Georgia Assembly in 2017 Legislative Session

The Texas Legislature has passed new legislation that amends key provisions of Texas’s Prompt Pay Statute for insurance claims. Most types of insurance companies writing policies in Texas are required to comply with Texas’s Prompt Pay Statute in Chapter 542 of the Texas Insurance Code, and those that do not…
Read More Texas Legislature Amends Prompt Pay Statute for Insurance Claims