Regulatory | Insurance & Reinsurance

Use It or Lose It?: FTC Warns Companies Against Conditioning Warranty Coverage on Use of Specified Parts or Services

by Jon Gillum, Lauren Fincher | Apr 19, 2018 | Regulatory, Service Contracts and Warranties | United States

On April 10, 2018, the FTC announced that its staff sent warning letters to six major companies that market and sell automobiles, cellular devices, and video gaming systems in the United States. The FTC expressed concerns with the companies’ promotional and warranty materials that require consumers to use specified parts or service providers to keep their warranties intact.

CMS Uses Regulatory Levers to Chip Away at Affordable Care Act Protections

by Aaron Igdalsky | Apr 13, 2018 | Federal Legislative Developments, Regulatory | United States

On Monday, the Centers for Medicare and Medicaid Services (“CMS”) released (1) the Notice of Benefit and Payment Parameters for 2019 final rule (“Final Rule”), (2) the Final Annual Issuer Letter and (3) guidance on hardship exemptions and transitional policies.

Insurance and Reinsurance Newsletter – April 2018

Apr 13, 2018 | Aviation and Aerospace, Privacy/Data Security/Cyber Risk, Regulatory, Reinsurance | United States

Locke Lord’s Insurance & Reinsurance Newsletter provides topical snapshots of recent developments in the fast-changing world of insurance. For further information on any of the subjects covered in the newsletter, please contact one of the members of our Insurance team.

Texas General Land Office Releases Hurricane Harvey State Action Plan

by Raj Bandla | Apr 12, 2018 | Hurricane Harvey, Regulatory, Texas Developments | United States

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”).

Join Us – Addressing Cybersecurity Risk in Vendor Management

by Andrew Shindler, Molly McGinnis Stine, Patrick Hatfield, Theodore Augustinos, Thomas Smedinghoff | Mar 28, 2018 | Privacy/Data Security/Cyber Risk, Regulatory | United States

Third party vendors, outsource providers, and cloud providers are critical to the operations of all organizations. Yet they also introduce a significant cybersecurity risk.

You’re Invited – NAIC Spring Meeting Cocktail Reception – March 25

Mar 2, 2018 | Regulatory | United States

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.

The March 1 Deadline for NY DFS Cyber Compliance:
One Week to Go!

by Theodore Augustinos | Feb 22, 2018 | Industry Developments, New York Developments, Privacy/Data Security/Cyber Risk, Regulatory | United States

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.

NAIC Holds Public Hearing on Reinsurance Collateral Provisions of Covered Agreement

by John Emmanuel | Feb 22, 2018 | Industry Developments, Regulatory, Reinsurance | United States

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”).

NY DFS Cybersecurity Compliance Certificate Required Today; Additional Requirements Looming

by Theodore Augustinos | Feb 15, 2018 | Industry Developments, New York Developments, Privacy/Data Security/Cyber Risk, Regulatory | United States

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, unless an exemption applies.

State Ahead: The NAIC’s Plan for Staying Ahead of a Rapidly Evolving Industry

by Aaron Igdalsky, Alexandra Cavaliere | Feb 8, 2018 | Industry Developments, Regulatory | United States

On February 7, the NAIC released “State Ahead,” the organization’s strategic plan for the next three years.

Topic: Regulatory

Use It or Lose It?: FTC Warns Companies Against Conditioning Warranty Coverage on Use of Specified Parts or Services

CMS Uses Regulatory Levers to Chip Away at Affordable Care Act Protections

Insurance and Reinsurance Newsletter – April 2018

Texas General Land Office Releases Hurricane Harvey State Action Plan

Join Us – Addressing Cybersecurity Risk in Vendor Management

You’re Invited – NAIC Spring Meeting Cocktail Reception – March 25

The March 1 Deadline for NY DFS Cyber Compliance:
One Week to Go!

NAIC Holds Public Hearing on Reinsurance Collateral Provisions of Covered Agreement

NY DFS Cybersecurity Compliance Certificate Required Today; Additional Requirements Looming

State Ahead: The NAIC’s Plan for Staying Ahead of a Rapidly Evolving Industry

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