Topic: California Developments

Warning Shot Across the Bow – The CA Dept. of Insurance and Rebating

by Elizabeth Tosaris | Mar 24, 2021 | , |

Insurtech innovations have recently prompted the NAIC to make rebate-friendly amendments to its model act, but the California Department of Insurance is bucking the trend. The NAIC’s amendments expand insurers’ and insurance producers’ ability to offer rebates to insurance customers, but the California Department of Insurance has doubled down on its historical dislike of the practice, even though rebating is largely permitted under California’s insurance laws.

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Privacy & Cybersecurity Newsletter – Winter 2021

Mar 11, 2021 | , , , , | ,

Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.

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California’s New Mini-CFPB Law Largely Parallels Its Federal Cousin

by Brian Casey and Jon Gillum | Feb 8, 2021 | |

Atlanta Partner Brian Casey, Co-Chair of Locke Lord’s Regulatory and Transactional Insurance Practice, and Austin Senior Counsel Jon Gillum co-authored an article for Insurance Journal discussing California’s recently adopted amendments to its financial code, resulting in what is now known as the California Consumer Financial Protection Law (CFPL).

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Privacy & Cybersecurity Newsletter – Fall 2020

Nov 19, 2020 | , , , , | ,

Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.

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LL Surplus Lines Series (Entry 24): Excess Line Association of New York Weighs in on “Surplus Lines Agents”

by Zachary Lerner | Jun 24, 2020 | , , |

On June 16, 2020, the Excess Line Association of New York (“ELANY”) issued Bulletin No. 2020-35, promulgating ELANY’s new issue of “ELANY Elaborates” (the “EE”). This issue of EE (available here) focuses primarily on the classification of “surplus lines agents” in New York and elsewhere.

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Join Locke Lord for a Complimentary Summer Speaker Series

Jun 23, 2020 | , , , , |

As we enter the next phase of life under COVID-19, new issues are emerging for the insurance industry. Locke Lord lawyers will tackle some of the issues over the next few months. Sign up for each program that interests you below. We look forward to sharing time with you as we navigate the new normal. One hour of CLE for each program is approved in CA, IL, TX and NY. Other states are pending.

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LL Surplus Lines Series (Entry 23): Sampling of COVID-19 State and NAIC Insurance Updates Applicable to the Surplus Lines Industry

by Zachary Lerner | May 18, 2020 | , , , , , |

COVID-19 is impacting all facets of the insurance industry, and while the surplus lines market is somewhat inoculated from the impact of various state orders and emergency regulations, many states as well as the National Association of Insurance Commissioners (“NAIC”) are subjecting surplus lines insurers and brokers to their mandates.  This article provides a sample of various state and NAIC requests and orders in recent weeks with applicability to the surplus lines industry, including but not limited to moratoriums on cancellation/nonrenewal, orders to return premium with respect to insurance policies where COVID-19 has altered the nature of the underlying risk, and various data calls.

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California Insurance Commissioner Requests All Insurance Companies Provide Their Insureds with at Least a 60-Day Grace Period to Pay Insurance Premiums

Mar 19, 2020 | , |

On March 18th, as a result of the COVID-19 outbreak, California Insurance Commissioner‎ Ricardo Lara issued a notice (the “Notice”) to all admitted and non-admitted insurance companies, all licensed producers, and other interested parties requesting that all insurance companies provide their insureds with at least a ‎‎60-day grace period to pay insurance premiums so that insurance policies are not ‎cancelled for nonpayment of premium. 

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