Industry Developments Archives - Page 55 of 56

New York Insurance Superintendent Recommends Alternative Workers’ Compensation Rating System

Sep 19, 2007 | Industry Developments, New York Developments, Regulatory | United States

New York’s Insurance Superintendent, Eric Dinallo, recently issued a report analyzing the workers’ compensation rating system currently in place in New York State. The Report, which was required by the 2007 Workers’ Compensation Reform Act, proposes wholesale changes to the workers’ compensation rating system currently in place.

Ralph S. Tyler Named as Maryland’s New Insurance Commissioner

Sep 11, 2007 | Industry Developments, Regulatory | United States

On September 6, 2007, Maryland Governor Martin O’Malley named Ralph S. Tyler as the new Maryland Insurance Commissioner. Tyler is an attorney with over 30 years of legal experience. He currently serves as Maryland’s Chief Legal Counsel and was City Solicitor from 2004 to 2007.

New Insurance for NASCAR Fans

Aug 23, 2007 | Industry Developments | United States

Sports fans learn to assume certain risks when purchasing advance tickets for sporting events. Uncontrollable events often make it impossible for ticket holders to attend specific events, often leading to the forfeiture of high-priced tickets.

National Insurance Act/Optional Federal Charter Legislation Reintroduced in House

Jul 30, 2007 | Industry Developments, Insolvency, Restructuring and Run-Off | United States

Following up on our post last month, on July 24, 2007, a bipartisan optional federal charter (OFC) bill was proposed in the House by Reps. Melissa Bean (D-IL) and Ed Royce (R-CA), serving as a companion bill to the previously-filed Senate version, both of which are entitled the National Insurance Act of 2007.

LLoyd’s Insurer Launches Nuclear, Biological and Chemical Cover

Jul 12, 2007 | Industry Developments, Terrorism Risk and Insurance | United States

Managing Agency Partners (“MAP”) recently launched one of the broadest forms of terrorism coverage available since 9/11, a physical damage and liability cover that includes nuclear, biological and chemical risks and both first-party and third-party clean up and decontamination costs.

Private Equity Firms Brace for Expected Increase in Litigation

Jul 5, 2007 | Industry Developments | United States

The results of a recent survey conducted by Marsh, a branch of the world’s largest insurance broker Marsh & McLennan, suggest that the private equity sector is bracing itself for a substantial increase in potential lawsuits.

SEC New Rules for Rating Agencies

Jul 3, 2007 | Industry Developments, Regulatory | United States

On June 26, 2007, final Securities and Exchange Commission (“SEC”) rules implementing the Credit Rating Agency Reform Act of 2006 (“Rating Agency Act”) and certain provisions of the Rating Agency Act went into effect.

Congress Begins Move Against General Partners’ Carried Interests

Jul 2, 2007 | Industry Developments | United States

Investment fund managers may be forced to pay higher tax rates on income from their investment funds if a bill introduced in the House of Representatives on Friday, June 22, 2007 becomes law.

Pending Legislation May Change New York Law of No-Prejudice

Jun 27, 2007 | Coverage & Claims, Industry Developments, New York Developments | United States

Both houses of the New York State legislature passed a bill proposing to reverse the longstanding New York rule that an insurer need not establish prejudice in order to disclaim coverage based upon late notice.

New Cover Blurs the Distinction Between War and Terrorism

Jun 27, 2007 | Industry Developments | United States

In the United States, a hotly debated industry issue is the future of the Terrorism Risk Insurance Program . We have recently seen a proposal in a House Bill to extend and expand TRIA.

Topic: Industry Developments

New York Insurance Superintendent Recommends Alternative Workers’ Compensation Rating System

Ralph S. Tyler Named as Maryland’s New Insurance Commissioner

New Insurance for NASCAR Fans

National Insurance Act/Optional Federal Charter Legislation Reintroduced in House

LLoyd’s Insurer Launches Nuclear, Biological and Chemical Cover

Private Equity Firms Brace for Expected Increase in Litigation

SEC New Rules for Rating Agencies

Congress Begins Move Against General Partners’ Carried Interests

Pending Legislation May Change New York Law of No-Prejudice

New Cover Blurs the Distinction Between War and Terrorism

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