New revised Federal Trade Commission (FTC) guidelines for advertisements containing endorsements or testimonials focus attention on “new media” as an advertising venue. The guidelines require transparency and disclosure of any material relationship between the manufacturer and the endorser or poster.
Industry Developments
SEC Tightens Custodial and Audit Requirements for Registered Investment Advisers who Control Client Assets
By Troutman Pepper Locke on
If you are a registered investment adviser who – directly or indirectly – has authority to obtain possession of client funds or securities (“custody”), the SEC has increased your compliance burden beginning March 12, 2010.
REMINDER: Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting
By Troutman Pepper Locke on
Join the U.S. Reinsurance Under 40s Group’s at their next event, “Preserving Liquid Assets” Lecture and Wine Tasting, on February 10 at the offices of Edwards Angell Palmer & Dodge in New York.
…
Read More REMINDER: Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting
House Financial Services Committee Hearing Schedule – February 2010
By Troutman Pepper Locke on
As you know, Congress and the Obama administration have placed significant focus this year upon reform of the financial services industry.
…
Read More House Financial Services Committee Hearing Schedule – February 2010
Free Webinar: ¿Seguro? Opportunities and Risks for (Re)Insurers in Latin America in 2010 and Beyond
The Insurance and Reinsurance Department of Edwards Angell Palmer & Dodge is holding a 60 minute complimentary webinar entitled “¿Seguro? Opportunities and Risks for (Re)Insurers in Latin America in 2010 and Beyond” on Tuesday, February 23, 2010 at 10:00 am (EST).
New Jersey Governor Appoints Insurance Commissioner
By Troutman Pepper Locke on
On January 15, 2010, New Jersey Governor-elect Chris Christie announced that Tom Considine will be the new Commissioner of the New Jersey Department of Banking and Insurance (“DOBI”). Mr. Considine is currently the vice president and government relations counsel for MetLife, a position he rose to since he started at MetLife in 1993. …
Read More New Jersey Governor Appoints Insurance Commissioner
Interim Maryland Insurance Commissioner Named
By Troutman Pepper Locke on
Posted in Industry Developments, United States
Last week Maryland Governor Martin O’Malley announced that Elizabeth “Beth” Sammis has been appointed as Interim Commissioner of the Maryland Insurance Administration (“MIA”). Ms. Sammis will replace Ralph S. Tyler, who announced that he would step down from his position as Maryland Insurance Commissioner to accept the position of Chief Legal Counsel to the federal Food and Drug Administration effective January 8, 2010.
Reports – Minimal Insurance Coverage for Damages from Haitian Earthquake
By Troutman Pepper Locke on
Posted in Industry Developments, Latin American Developments
While the amount of damages and casualties from Tuesday’s magnitude-7 earthquake in Haiti continue to escalate, various reports have indicated that very little of this damage will be covered by insurance. This is because Haiti is the poorest country and one of the smallest insurance markets in the Western Hemisphere.
…
Read More Reports – Minimal Insurance Coverage for Damages from Haitian Earthquake
Vermont Licensed 39 Captives in 2009
By Troutman Pepper Locke on
Posted in Industry Developments, United States
The Vermont Department of Banking, Insurance, Securities and Health Care Administration reported it licensed 39 new captive insurance companies in 2009, bringing the total of number of Vermont licensed captives to 878.
Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting
By Troutman Pepper Locke on
Join the U.S. Reinsurance Under 40s Group’s at their next event, “Preserving Liquid Assets” Lecture and Wine Tasting, on February 10 at the offices of Edwards Angell Palmer & Dodge in New York.
…
Read More Re Under 40s Next Event — “Preserving Liquid Assets” Lecture and Wine Tasting