Topic: InsurTech

Complimentary Webinar: Methods of Accessing the Non-Admitted Insurance Market in the U.S. for InsurTech Distributors

Locke Lord and InsurTech NY will present a one-hour virtual presentation on June 9 at noon ET addressing current issues facing insurtechs operating in the surplus lines space, including insurers, brokers, distribution partners and other vendors – and their various products – when seeking to access the non-admitted insurance market in today’s increasingly high-tech and digital world.

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Locke Lord and InsurTech NY Present CLE Surplus Lines Webinar for InsurTech Distributors

Locke Lord and InsurTech NY will present a one-hour virtual  presentation on June 9 at noon ET addressing current issues facing insurtechs operating in the surplus lines space, including insurers, brokers, distribution partners and other vendors – and their various products – when seeking to access the non-admitted insurance market in today’s increasingly high-tech and digital world.

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

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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Locke Lord Lawyers to Speak on Regulatory Developments in Analytics, Data Usage, and Data Security

On March 24, Locke Lord lawyers Brian Casey, Benjamin Sykes and Daron Janis, along with Mitch Wein, Senior Vice President of Research and Consulting at Novarica, will look at new regulatory developments in analytics, data usage, and data security that have the potential to affect insurer technology strategy.

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Locke Lord Partners Author 2020 Insurance Year in Review Article for Insurance Journal

Atlanta Partner and Co-Chair of Locke Lord’s Regulatory and Transactional Insurance Practice Brian Casey, Chicago Partner Ben Sykes and New York Partner Zachary Lerner co-authored a two-part article for Insurance Journal discussing the top insurance regulatory developments of 2020, examining a year that brought many changes to the industry.

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NAIC Adopts Amendments to the Unfair Trade Practices Act Model Pertaining to Anti-Rebating

The NAIC Innovation and Technology (EX) Task Force met December 4th and discussed and adopted model law language amendments to the Unfair Trade Practices Act (#880) pertaining to anti-rebating. The adopted amendments permit the offer or provision by insurers or producers, by or through employees, affiliates or third party representatives, of value-added products or services at no or reduced cost when such products or services are not specified in the policy of insurance if the product or service relates to the insurance coverage and meets certain other specified criteria.

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