The U.S. Senate Committee on Banking, Housing and Urban Affairs recently approved Roy Woodall’s nomination to serve a six-year term as a voting member of the Financial Stability Oversight Council (“FSOC”).
Read More Senate Committee Approves Roy Woodall’s Nomination to FSOC
Topics
UK: Court of Appeal Rules on the Meaning of “Claim” and When Liability Accrues Under an Indemnity Policy
By Troutman Pepper Locke on
The Court of Appeal has overturned a High Court judgment on the meaning of an arbitration clause and clarified the meaning of “claim” in a public liability policy. …
Read More UK: Court of Appeal Rules on the Meaning of “Claim” and When Liability Accrues Under an Indemnity Policy
Tennessee Continues Push to Attract Captive Insurers
By Troutman Pepper Locke on
Posted in Regulatory, United States
As we previously reported here, Tennessee recently amended its captive insurance laws in an effort to increase its attractiveness as a domiciliary state. …
Read More Tennessee Continues Push to Attract Captive Insurers
New Accounting Guidance Will Affect Health Insurers Subject to Federal Fee Under the Patient Protection and Affordable Care Act
By Troutman Pepper Locke on
In July 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-06. …
Read More New Accounting Guidance Will Affect Health Insurers Subject to Federal Fee Under the Patient Protection and Affordable Care Act
UK: CII responds to FSA discussion paper on regulatory reform
By Troutman Pepper Locke on
Posted in Regulatory, United Kingdom
On 6 September 2011, the Chartered Insurance Institute (CII) submitted its response to the Financial Services Authority’s (FSA) discussion paper titled “The Financial Conduct Authority: Approach to Regulation”. …
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Ten Years Later – The Insurance Industry’s Fight Against Terrorism
EAPD’s Vincent Vitkowsky authored an article that is part of Business Insurance’s special edition about the impact and ramifications of 9/11 on the insurance industry. …
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Healthcare Update: CMS Unveils Final Rule on E-Prescribing; Appeals Court Throws Out Two Challenges to Healthcare Law; Ways and Means Committee Democrats Begin to Discuss Medicare Cuts
By Troutman Pepper Locke on
CMS UNVEILS FINAL RULE ON ELECTRONIC PRESCRIBING PROGRAM
The Centers for Medicare and Medicaid Services (CMS) recently released its final rule to amend the Medicare electronic prescribing incentive program. Established in 2008, the Medicare e-prescribing incentive program allows eligible providers to earn incentives related to their e-prescribing actions, and also includes penalties beginning in 2012 if they do not meet e-prescribing thresholds. …
Read More Healthcare Update: CMS Unveils Final Rule on E-Prescribing; Appeals Court Throws Out Two Challenges to Healthcare Law; Ways and Means Committee Democrats Begin to Discuss Medicare Cuts
California Amends its Data Breach Notification Statute
By Troutman Pepper Locke on
Posted in Privacy/Data Security/Cyber Risk, United States
On August 31, 2011, California Governor Edmund G. Brown, Jr., signed into law Senate Bill 24. The new law, which goes into effect January 1, 2012, amends the California data breach notification statute, Section 1798.82 of the California Civil Code, to require specific content in notices to affected individuals. …
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Complimentary Webinar: Chinese Reverse Mergers: Insurance & Auditor Angles
By Troutman Pepper Locke on
Posted in D&O Liability, Hong Kong
This 60-minute webinar will be presented by EAPD attorneys Mary-Pat Cormier and Greg Pendleton and Lister Lo Lui & Choy partner Kenneth Choy on September 21, 2011. …
Read More Complimentary Webinar: Chinese Reverse Mergers: Insurance & Auditor Angles
NAIC Comments on OPM’s Proposed Guidelines for Multi-State Plans under PPACA Exchanges
By Troutman Pepper Locke on
In its August 2011 letter to the U.S. Office of Personnel Management (“OPM”), the National Association of Insurance Commissioners (“NAIC”) raised concerns over OPM’s proposed guidelines for Multi-State Plans promulgated pursuant to the Patient Protection and Affordable Care Act (“PPACA”).1 These guidelines were drafted in response to OPM’s charge under PPACA that it contract with at least two health plans which must be automatically sold on all state Exchanges. …
Read More NAIC Comments on OPM’s Proposed Guidelines for Multi-State Plans under PPACA Exchanges