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Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Summer 2017 National Meeting in Philadelphia, PA.

Monday, August 7, 2017
5:30 pm – 7:30 pm (Eastern)

Hard Rock Café Philadelphia
1113-31 Market Street
Philadelphia, PA

For more information,
Read More You’re Invited – NAIC Spring Meeting Cocktail Reception – August 7

Michael Yaworsky has been appointed as Chief of Staff for the Florida Office of Insurance Regulation. The appointment is effective Monday, July 24, 2017. Mr. Yaworsky previously serviced as Legal Counsel for the Georgia Office of Insurance and Safety Fire Commission and prior to that served as General Counsel for…
Read More New Chief of Staff Appointed to the Florida Office of Insurance Regulation

The Massachusetts Joint Committee on Financial Services recently held a hearing on legislation that would require motor vehicle insurers to check an applicant’s driving history before providing a premium quote. House Bill 3682, titled “an act relative to fair and accurate motor vehicle insurance quotes,” is sponsored by the Committee’s…
Read More Massachusetts Legislation on Motor Vehicle Insurance Quotes

The Illinois Department of Insurance recently adopted amendments to three parts of the insurance holding company systems regulations (50 Ill. Adm. Code 651, 653, 655).

Changes to Part 651 pertain to acquisitions of Illinois domestic insurance companies. Article VIII ½ of the Illinois Insurance Code (Insurance Holding Company Systems) was…
Read More Illinois Department of Insurance Adopts Amendments to Insurance Holding Company Systems Regulations

Connecticut Governor Dannel P. Malloy recently signed House Bill 7183 (the “Act”), which makes various changes to the state’s insurance laws. The Act, among other changes, creates a new section of the insurance code pursuant to which a dormant captive insurer may apply for a certificate of dormancy from the…
Read More Connecticut Enacts Omnibus Insurance Law

Governor Dannel P. Malloy recently signed Senate Bill 260 (“SB 260”) into law. SB 260 authorizes the Office of Policy and Management, the Department of Motor Vehicles and the Department of Emergency Services and Public Protection to establish a pilot program pursuant to which certain municipalities may permit manufacturers to…
Read More Connecticut Enacts Senate Bill 260; Establishes Task Force to Study Autonomous Vehicles

The Massachusetts Supreme Judicial Court has ruled that under a policy with a duty to defend, “the insurer’s duty to defend does not require it to prosecute affirmative counterclaims on behalf of its insured.”  The Court, its Mount Vernon Fire Ins. Co. v. VisionAid, Inc. decision with a 5-2 vote,…
Read More Massachusetts Supreme Judicial Court Holds a Duty to Defend Does Not Extend to Affirmative Counterclaims

Dave Jones, California Insurance Commissioner took an aggressive stand on Climate Change in a Press Release issued June 21, 2017, stating that if any “…climate denying politicians of red states who threaten to sue me, I will happily defend my obligation as California’s Insurance Commissioner to make sure insurers are…
Read More You don’t need a weather man to know which way the wind blows* (*Bob Dylan)

With the adoption of new legislation supported by the Texas Department of Insurance, Texas has formally eliminated its $300 million minimum premium volume exemption from otherwise required Enterprise Risk Report filings for Texas licensed insurers.  Texas now joins other states in requiring the solvency and enterprise risk evaluation filings for…
Read More Texas Eliminates Enterprise Risk Report Small Insurer Exemption

The Texas Legislature has passed legislation authorizing domestic surplus lines insurance companies in Texas, which may lead to an influx of new insurance company applications for licensure and redomestication to Texas applications as insurer groups seek to take advantage of the increasingly liberalized Texas rules governing its surplus lines market.
Read More Texas Legislature Passes Domestic Surplus Lines Insurance Company Legislation