We are happy to provide the 2018 edition of our Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. The website provides you with the ability to
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Excess and Surplus Lines
NAIC’s Center for Insurance Policy and Research Hosts Webinar About the Insurance Needs of the Cannabis Industry
By Troutman Pepper Locke on
On Wednesday, the NAIC’s Center for Insurance Policy and Research hosted a webinar entitled “Weeding Through the Unique Insurance Needs of the Cannabis Industry.” The webinar kicked off with comments from Dave Jones, Commissioner of the California Department of Insurance. Commissioner Jones reiterated the California Department’s commitment to supporting the…
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Surplus Lines: Insurtech and Technological Opportunities, Challenges
By Zachary Lerner & Troutman Pepper Locke on
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.
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Insurance and Reinsurance Newsletter – December 2017
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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New Insurance Platforms Arguably Require Producer Licenses
New York Associate Zachary Lerner authored a Law360 article on commission sharing, referral fee and producer licensing issues. Within the article, Mr. Lerner identifies important issues for insurers and producers to consider, both in the admitted and surplus lines insurance markets, with respect to the sharing of commissions and whether…
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NAPSLO Merges with AAMGA to form Wholesale and Specialty Insurance Association (WSIA)
By Zachary Lerner on
The insurance world has its share of industry organizations, and a new one has arrived.
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You don’t need a weather man to know which way the wind blows* (*Bob Dylan)
By skellyricher on
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…
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Texas Legislature Passes Domestic Surplus Lines Insurance Company Legislation
By Christopher Martin & Jon Gillum on
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.
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Texas Considers Domestic Surplus Lines Insurance Company Legislation
The Texas Legislature is currently considering the authorization of domestic surplus lines insurance companies in Texas. If approved, Texas would join at least 10 other states with similar domestic surplus lines insurance company laws. The proposed legislation is currently working through the Texas House and Senate and appears to be…
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Group P&C Insurance: Admitted And Surplus Lines Issues
By Zachary Lerner & Troutman Pepper Locke on
Posted in Excess and Surplus Lines, United States
New York Associate Zach Lerner authored a Law360 article on group property and casualty insurance. Within the article, Lerner identifies some of the important issues for insurers and producers to consider, both in the admitted and surplus lines insurance markets, as to the regulation of LRRA and permissible state insurance…
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