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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

On February 7, the NAIC released “State Ahead,” the organization’s strategic plan for the next three years. Michael F. Consedine, NAIC CEO, stated that “an important part of State Ahead is making the organization more nimble and efficient, allowing us to use our wealth of data and technology…
Read More State Ahead: The NAIC’s Plan for Staying Ahead of a Rapidly Evolving Industry

Please join BDO USA, LLP, Locke Lord LLP, and Sandler O’Neill + Partners, L.P. for a complimentary breakfast briefing. This event will highlight key considerations in a successful M&A transaction or capital raising transaction in today’s economic climate for the insurance industry.

A panel discussion will follow discussing tax reform…
Read More You’re Invited – Insurance M&A and Capital Raising Roundtable

A press release issued by the New York Department of Financial Services on January 22, 2018 found here reminds Covered Entities (including banks, insurers and producers, and others regulated by DFS) of their obligation to file a compliance certificate under the new, New York DFS Cybersecurity Regulation on February 15,…
Read More Cybersecurity Reminder and Heads Up from NY DFS: File Cybersecurity Reg Compliance Certificates, and Prepare for Cybersecurity Questions in Exams

On February 15, many insurance companies, producers and others with New York DFS licenses and other authorizations (except for certain entities and employees who have filed for an exemption) will need to file a compliance certificate as required by the New York Department of Financial Services Cybersecurity Regulation.  As described…
Read More Less than One Month To Go!

Title: Dissecting the Amendments to Florida’s Viatical Settlement Act – Plus, a brief update on Delaware’s Amended Viatical Settlements Act
Date: Wednesday, December 20, 2018
Time: 12:00 pm Central / 1:00 pm Eastern

This program will discuss the 2017 amendments to Florida’s Viatical Settlement Act that became…
Read More Reminder – You are invited to a Complimentary CLE Webinar for Clients and Friends of Locke Lord LLP

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.

In This Issue:

  1. Are We Covered by the EU GDPR?

…
Read More Insurance and Reinsurance Newsletter – December 2017

At its recent December 11th meeting in Corpus Christi, Texas, the Governing Committee of the Texas FAIR Plan Association (TFPA) is reported to have approved an assessment for its insurance company members of over $64 million in relation to a currently estimated $90 million gross loss for the TFPA from…
Read More Insurers Brace for a Texas-sized Assessment for FAIR Plan Members

At the NAIC’s Innovation and Technology Task Force meeting held last week in Hawaii, the American Insurance Association (“AIA”) urged state insurance regulators to adopt legislation that would create “sandboxes” wherein certain regulatory requirements would be waived for insurers looking to pilot innovative insurance products, services and technologies. AIA asserted…
Read More American Insurance Association Urges NAIC to Create Regulatory “Sandboxes”

You are invited to a Complimentary Webinar for Clients and Friends of Locke Lord LLP

Title: Dissecting the Amendments to Florida’s Viatical Settlement Act – Plus, a brief update on Delaware’s Amended Viatical Settlements Act
Date: Wednesday, December 20, 2018
Time: 12:00 pm Central / 1:00 pm…
Read More Please Join Us for a Locke Lord Webinar – Dissecting the Amendments to Florida’s Viatical Settlement Act – December 20