The Illinois House of Representatives has passed a new bill, HB 5534, entitled the Insurance Business Transfer Act (the “IL IBT Act”), to address the current significant limitations that are in place concerning the sale and transfer of blocks of insurance.
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Regulatory
InsurTech NY Spring 2022 Conference
By Troutman Pepper Locke on
Locke Lord is a proud sponsor of InsurTech NY Spring 2022 Conference on March 7 in New York City. Brian Casey is Co-Presenter for the awards.
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Delaware Corporations Can Now Purchase D&O Coverage Through Captives
By Troutman Pepper Locke on
On February 3, 2022, Delaware Governor John Carney signed Senate Bill 203 (the “Bill”) into law, which allows corporations to purchase and maintain directors’ and officers’ (“D&O”) liability insurance through captive insurance companies.…
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New York State Law Regarding Electronic Delivery of Insurance Notices to Take Effect March 22
By Troutman Pepper Locke on
On December 22, 2021, New York State Governor Kathy Hochul signed Senate Bill S653A which amends the New York Insurance Law by adding Section 3458 regarding the electronic delivery of property and casualty insurance notices.
Read More New York State Law Regarding Electronic Delivery of Insurance Notices to Take Effect March 22
State Senate Confirms Gov. Hochul’s Pick to Head NY Department of Financial Services
By Troutman Pepper Locke on
On Tuesday, January 25th, the New York State Senate voted to confirm Adrienne Harris as Superintendent of the New York State Department of Financial Services (the “NY DFS”). Harris had served as acting superintendent of the NY DFS since being nominated for the full-time position by Gov. Kathy Hochul in August of 2021.
Read More State Senate Confirms Gov. Hochul’s Pick to Head NY Department of Financial Services
Privacy & Cybersecurity Newsletter – January 2022
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management.
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Locke Lord Team Represented Convex in Obtaining Reciprocal Reinsurer Status
By Troutman Pepper Locke on
A Locke Lord team led by Zachary Lerner (New York) assisted Convex Insurance UK Limited (CIL) and Convex Re Limited (CRL) in obtaining reciprocal reinsurer status, the first alien insurers to receive such designations in the United States.
Read More Locke Lord Team Represented Convex in Obtaining Reciprocal Reinsurer Status
Privacy & Cybersecurity Newsletter – Summer 2021
Locke Lord’s Privacy & Cybersecurity Newsletter provides topical snapshots of recent developments in the fast-changing world of privacy, data protection, and cyber risk management. For further information on any of the subjects covered in the newsletter, please contact one of the members of our privacy and cybersecurity team.
Read More Privacy & Cybersecurity Newsletter – Summer 2021
Excess and Surplus Lines Law Manual 2021 Update
We are happy to provide the 2021 edition of our Excess and Surplus Lines Law Manual. This edition reflects all of the pertinent changes in the surplus lines laws and regulations of the 50 states and U.S. territories during the past year. The website provides you with the ability to click on the states and territories of interest to view the updates.
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NAIC Spring Meeting – Discussion of Hot Topics and Insurance Regulatory Trends in 2021
By Paige Waters & Troutman Pepper Locke on
Join us for a discussion of hot topics addressed at the Spring 2021 Virtual NAIC Meeting and other 2021 trends, including big data and AI, climate and resiliency, long-term care, delegated entities and annuity best interest model.
Read More NAIC Spring Meeting – Discussion of Hot Topics and Insurance Regulatory Trends in 2021