Topic: Reinsurance

Complimentary Invitation to CCIA Delta Tax Webinar – May 22, 2018

Chris Flanagan, Partner at Locke Lord LLP, and Jim Sabella, CPA and Tax Partner at Dixon Hughes Goodman LLP, will present a webinar on Tax Reform: Implications for Insurers and Reinsurers. This webinar is sponsored by CCIA Delta and hosted by 202works, and will provide key insights into the new tax structure that was signed into law for the 2018 tax season.

Read More

Back to the Future

Prior to the 1990’s Bellefonte Reinsurance Co. v. Aetna Cas. & Sur. Co., 903 F.2d910 (2d Cir. 1990) (“Bellefonte”) decision, the insurance/reinsurance industry operated under the assumption that expenses in addition to loss, unless explicitly excluded, were included coverages under facultative reinsurance certificates.

Read More

NAIC Holds Public Hearing on Reinsurance Collateral Provisions of Covered Agreement

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”). 

Read More

Revised California Reinsurance Regulations Allow California Domestics to Cede 100% of Business to Affiliates and Intercompany Pools

California’s reinsurance regulations (Cal. Code Regs. tit. 10, §§ 2303 – 2303.29) were amended effective the first of this year. The revisions included changes to update the regulations to comport with current law and current Department of Insurance practice.

Read More

Behind the Curtain

In Golon, Inc. v. Selective Insurance Company of the Southeast, et al., a Pennsylvania federal court recently held that an insurer must produce information about its reinsurance program in an action in which the insured plaintiff alleged its insurer engaged in bad faith in refusing to settle an underlying negligence case.  The underlying case involved a motor vehicle accident resulting in the death of a child in which the insured’s employee pled guilty to vehicular homicide.

Read More

InsurTech

Topics

Archives

Email the Editor

Click here to Email the Editor

Locke Lord LLP

For the latest information about our Firm visit lockelord.com