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On March 24, Locke Lord lawyers Brian Casey, Benjamin Sykes and Daron Janis, along with Mitch Wein, Senior Vice President of Research and Consulting at Novarica, will look at new regulatory developments in analytics, data usage, and data security that have the potential to affect insurer technology strategy.
Read More Locke Lord Lawyers to Speak on Regulatory Developments in Analytics, Data Usage, and Data Security

Given increasing reliance on “managing general agents”, managing general underwriters, program administrators or managers, brokers, agents, coverholders, and other entities delegated insurer underwriting authority (collectively “Delegated Underwriting Authority Enterprises” or “DUAEs”), AM Best is seeking to implement a new “Performance Assessment” to evaluate the ability of DUAEs to provide services to their insurance partners.
Read More AM Best Seeks to Implement New Methodologies to Assess Underwriting Performance of Delegated Underwriting Authority Enterprises

The NAIC Innovation and Technology (EX) Task Force met December 4th and discussed and adopted model law language amendments to the Unfair Trade Practices Act (#880) pertaining to anti-rebating. The adopted amendments permit the offer or provision by insurers or producers, by or through employees, affiliates or third party representatives, of value-added products or services at no or reduced cost when such products or services are not specified in the policy of insurance if the product or service relates to the insurance coverage and meets certain other specified criteria.
Read More NAIC Adopts Amendments to the Unfair Trade Practices Act Model Pertaining to Anti-Rebating

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 – Fall 2020

While much remains to be decided after a tumultuous Election Night 2020, the five elected ‎Insurance Commissioner positions on the ballot this year appear to have been filled as ‎expected, with four incumbents retaining their positions and the one vacancy on its way to ‎being held by the candidate of the same party as the departing commissioner.‎…
Read More Incumbent Insurance Commissioners Survive Election Night 2020

The summer is coming to an end…and so is our Summer Speaker Series! Join us for the final program in our series on issues impacting the insurance industry as we move to the next phase of COVID-19. One hour of CLE is approved in CA, IL, TX and NY. Other states are pending.
Read More NEW PROGRAM ADDED: Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19

As we enter the next phase of life under COVID-19, new issues are emerging for the insurance industry. Locke Lord lawyers will tackle some of the issues over the next month. Sign up for each program that interests you below. We look forward to sharing time with you as we navigate the new normal. One hour of CLE for each program is approved in CA, IL, TX and NY. Other states are pending.
Read More Join Locke Lord for a Complimentary Summer Speaker Series on Issues Impacting the Insurance Industry as We Move to the Next Phase of COVID-19

Kent C. Sullivan, Commissioner of the Texas Department of Insurance (TDI) issued Order No. 2020-6384 on July 3, 2020, approving an amended Plan of Operation of the Surplus Lines Stamping Office of Texas (SLSOT).
Read More Texas Adopts Amendments to Surplus Lines Stamping Office Plan of Operation with Enhanced Department of Insurance Oversight