Regulatory

Doug Ommen Nominated to Missouri Administrative Hearing Commission

By Troutman Pepper Locke on April 22, 2008

Yesterday, Missouri Governor, Matt Blunt, nominated Doug Ommen to the state’s Administrative Hearing Commission (the “Commission”). The Commission is a neutral, independent, administrative tribunal. The Commission hears cases that are appeals from decisions of other Missouri agencies, as well as cases that an agency or private person brings before the Commission.

Iowa Adopts STOLI Legislation

By Troutman Pepper Locke on April 21, 2008

Posted in Life Insurance & Annuities, Regulatory, United States

Last week, the Iowa Senate unanimously voted (49-0) to pass Senate File 2392 as amended by the Iowa House which, if signed by the Governor, would revise Iowa’s viatical settlements act to address stranger originated life insurance (“STOLI”) transactions.

Examining Proposals on Insurance Regulatory Reform

By Troutman Pepper Locke on April 18, 2008

Posted in Federal Legislative Developments, Industry Developments, Regulatory, United States

On April 16, 2008, the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises held a hearing on proposals on insurance regulatory reform. …
Read More Examining Proposals on Insurance Regulatory Reform

EU: European Commission (the Commission) to examine the use of insurance block exemption regulation

By Troutman Pepper Locke on April 18, 2008

Posted in Antitrust, European Union, Regulatory, United Kingdom

The Commission has begun a public consultation to investigate the functioning of the Insurance Block Exemption Regulation (BER) and the impact on the various insurance markets in the European Union (EU). …
Read More EU: European Commission (the Commission) to examine the use of insurance block exemption regulation

Lloyd’s enters Brazil

By Troutman Pepper Locke on April 17, 2008

Posted in Latin American Developments, Lloyd's, Regulatory, United Kingdom

In February we reported that Lloyd’s was to apply for admission as a reinsurer in Brazil (see the post here: https://www.insurereinsure.com/BlogHome.aspx?entry=479).

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Read More Lloyd’s enters Brazil

U.S. House Bill Aims to Expand Commercial Property Insurance Options for Members of Risk Retention and Risk Purchasing Groups

By Troutman Pepper Locke on April 16, 2008

Posted in Federal Legislative Developments, Industry Developments, Regulatory, United States

United States House Representatives Dennis Moore (D-Kansas) and Deborah Pryce (R-Ohio) have recently introduced H.R. 5792, the Increasing Insurance Coverage Options for Consumers Act of 2008 (the “IICO Act”). …
Read More U.S. House Bill Aims to Expand Commercial Property Insurance Options for Members of Risk Retention and Risk Purchasing Groups

FSA: Insurance in a Wider Financial Context

By Troutman Pepper Locke on April 16, 2008

Posted in Regulatory, United Kingdom

On 8 April Callum MCarthy, Chief Executive of the FSA, addressed the FSA’s annual Insurance Sector Conference on aspects of the wider financial context of the insurance industry.

FSA: International Developments in Insurance Regulation

By Troutman Pepper Locke on April 16, 2008

Posted in Regulatory, United Kingdom

On 8 April Hector Sants, Chief Executive of the FSA, addressed the FSA’s annual Insurance Sector Conference on the subject of international developments in insurance regulation.

UK: Regulatory: Public session held on Market Reform Contract (MRC) for Binders and Lineslips

By Troutman Pepper Locke on April 16, 2008

Posted in Lloyd's, Regulatory, United Kingdom

As was reported in previous blogs, the Market Reform Group (MRG) has been at the forefront of contract certainty reforms.

Competition law White Paper issued: Potential exposure for the insurance industry

By Troutman Pepper Locke on April 16, 2008

Posted in European Union, Regulatory, United Kingdom

On 3 April 2008, the European Commission (The Commission) published its long awaited White Paper (WP) on damages actions for breach of the European Community (EC) antitrust rules. …
Read More Competition law White Paper issued: Potential exposure for the insurance industry

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Regulatory

Doug Ommen Nominated to Missouri Administrative Hearing Commission

Iowa Adopts STOLI Legislation

Examining Proposals on Insurance Regulatory Reform

EU: European Commission (the Commission) to examine the use of insurance block exemption regulation

Lloyd’s enters Brazil

U.S. House Bill Aims to Expand Commercial Property Insurance Options for Members of Risk Retention and Risk Purchasing Groups

FSA: Insurance in a Wider Financial Context

FSA: International Developments in Insurance Regulation

UK: Regulatory: Public session held on Market Reform Contract (MRC) for Binders and Lineslips

Competition law White Paper issued: Potential exposure for the insurance industry

About Troutman Pepper Locke