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The Texas Department of Insurance (“TDI”) has released its 2018 Biennial Report to the 86th Texas Legislature.  Every two years and pursuant to Texas Insurance Code section 32.022, TDI releases a report on insurance areas that the Department has identified for priority attention in the upcoming Texas legislative session.  The…
Read More Texas Department of Insurance Announces New Legislative Priorities

The Texas Commissioner of Insurance has announced the repeal and replacement of provisions Chapter 15 Texas Administrative Code related to the regulation of surplus lines insurance.  The proposed new rules were originally published in June, 2018 and have been adopted with modification.  According to the December 10, 2018 adopting release,…
Read More Texas Revamps Surplus Lines Regulations

Raymond G. Farmer will continue as the Director of the South Carolina Insurance Department as announced recently by South Carolina Governor Henry McMaster. Mr. Farmer has served as the Director of Insurance in South Carolina since 2012 when he was appointed by then Governor Nikki Haley. He was previously the…
Read More Raymond G. Farmer to Continue as Director of the South Carolina Insurance Department

Tennessee Governor-Elect Bill Lee has reappointed Julie Mix McPeak as the Tennessee Insurance Commissioner. Julie Mix McPeak has served as the Insurance Commissioner in Tennessee since 2011 and was previously the Executive Director of the Kentucky Office of Insurance.

View the full press release.
Read More Julie Mix McPeak Reappointed as Tennessee Insurance Commissioner by Governor-Elect Bill Lee

The U.S. Department of the Treasury and the Office of the U.S. Trade Representative announced on December 11, 2018 that they intend to sign a new Bilateral Agreement between the U.S. and the U.K. on Prudential Measures Regarding Insurance and Reinsurance (“Covered Agreement”).

In its press release, the U.S. Treasury…
Read More US Treasury Announces New Covered Agreement on Insurance and Reinsurance Regulation with UK

When the National Council of Insurance Legislators (“NCOIL”) holds its Annual Meeting in Oklahoma City later this week, it will consider a proposed resolution entitled the “Resolution Asserting McCarran-Ferguson Reverse Preemption over the Supervision of Insurance Companies by the Federal Reserve Board and its Examiners” (“Proposed Resolution…
Read More NCOIL to Consider Resolution Asserting McCarran-Ferguson Reverse Preemption over the Supervision of Insurance

On November 23, the European Data Protection Board released guidelines for public comment (the “Guidelines”) on the territorial scope of the General Data Protection Regulation (“GDPR”).  Specifically, the Guidelines address the applicability of GDPR Articles 3 and 27.

Article 3(1) – Establishment Criteria

GDPR Article 3(1) states that the GDPR…
Read More European Data Protection Board Releases Guidelines on the Territorial Scope of the GDPR

On September 20, 2018 the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) issued “OFAC Advisory to the Maritime Petroleum Shipping Community” to alert the shipping industry participants, including insurers, as to sanctions risks relating to petroleum shipments to or from Syria.  OFAC’s Syria Sanctions Program is…
Read More OFAC Advisory to Maritime Shipping Industry

As we noted last week in our QuickStudy 2018 Statewide Elections: A Mixed Bag for Insurers?, elections for Governor of Florida and Georgia and Georgia Insurance Commissioner were too close to call. The outcomes of these races were important to insurers, reinsurers, consumers, policyholders and others involved in the…
Read More Midterm Elections—Florida and Georgia Update

All eyes have been focused on the federal mid-term elections and the impact on the U.S. House and Senate. Post-mortems by the pundits have begun. See Locke Lord’s take on the mid-terms. The divided government in Washington, D.C. may well stymie efforts to regulate the insurance industry at the federal…
Read More 2018 Statewide Elections: A Mixed Bag for Insurers?