Topics

Subscribe to Topics via RSS

On April 10, the Texas General Land Office (“GLO”) released a draft of the State of Texas Plan for Disaster Recovery: Hurricane Harvey – Round 1 (the “State Action Plan”). The State Action Plan outlines the GLO’s proposed use of $5.024 billion in Community Development Block Grant Disaster Recovery (“CDBG-DR”)…
Read More Texas General Land Office Releases Hurricane Harvey State Action Plan

Independent insurance sales agents have been treated as independent contractors (ICs) for decades. But recently, class action lawyers have begun to target insurance companies with claims that carriers have misclassified these sales agents as ICs instead of employees. These lawsuits allege that insurance companies have violated wage and hour, employee…
Read More Independent Contractor Misclassification: Class Action Lawyers Now Targeting the Insurance Industry

Both bodies of the Georgia General Assembly have passed a bill that would allow Georgia-domiciled insurers to divide into one or more parts. HB 754 would allow domestic insurers to draft a detailed plan of division and submit that plan to the Commissioner for approval. HB 754 would not require…
Read More Georgia Domestic Division Bill Advances Through General Assembly

Third party vendors, outsource providers, and cloud providers are critical to the operations of all organizations. Yet they also introduce a significant cybersecurity risk. Locke Lord’s Privacy & Cybersecurity group will present a complimentary, in-depth review of the key regulatory requirements for vendor cybersecurity, followed by a presentation of a…
Read More Join Us – Addressing Cybersecurity Risk in Vendor Management

Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Spring 2018 National Meeting in Milwaukee, WI.

Sunday, March 25, 2018
5:30 pm – 7:30 pm (Central)

Hyatt Regency Milwaukee
Vue Rooftop Ballroom
333 West Kilbourn Avenue
Milwaukee, Wisconsin
Read More You’re Invited – NAIC Spring Meeting Cocktail Reception – March 25

As we reported here, March 1, 2018 brings a new transition date, with a new set of compliance obligations for Covered Entities subject to the Cybersecurity Regulation of the New York Department of Financial Services.  By March 1, Covered Entities will need to have complied with the Risk Assessment…
Read More The March 1 Deadline for NY DFS Cyber Compliance: One Week to Go!

On February 20, 2018, the National Association of Insurance Commissioners (NAIC) held a public hearing on the reinsurance collateral provisions of the Bilateral Agreement between the United States of America and the European Union on Prudential Measures regarding Insurance and Reinsurance (the “Covered Agreement”).  The Covered Agreement creates a framework…
Read More NAIC Holds Public Hearing on Reinsurance Collateral Provisions of Covered Agreement

As previously warned here, February 15, 2018 is the first annual deadline for individuals and companies licensed or otherwise authorized under the New York Insurance, Banking and Financial Services laws (defined as Covered Entities) to certify compliance with the Cybersecurity Regulation of the New York Department of Financial Services,…
Read More NY DFS Cybersecurity Compliance Certificate Required Today; Additional Requirements Looming