A New York Federal Court recently rejected a cedant’s request to vacate an arbitration award on the grounds that it was in manifest disregard of the law or because the umpire failed to disclose his prior representation of the reinsurer. The court determined that the cedant failed to clear the…
Read More No Thanksgiving Vacation for This Arbitration Award
Locke Lord’s Regulatory & Transactional Insurance Practice Group Invites You to a Cocktail Reception & Hors d’oeuvre Buffet during the NAIC Fall 2016 National Meeting in Miami, FL.
Sunday, December 11, 2016
5:30 pm – 7:30 pm
La Côte
Fontainebleau Hotel (conference hotel)
4441 Collins Avenue
Miami Beach, FL
For…
Read More You’re Invited – NAIC Fall Meeting Cocktail Reception – December 11
Red Chalk Group presents this first of its kind event dedicated to the $1+ trillion insurance marketplace and designed for senior executives to engage leading industry and Blockchain experts as they address top-of-mind issues.
Tuesday, November 8, 2016
8:00 AM – 4:30 PM
UBS Tower
Conference Center on 2nd Floor…
Read More Please Join Us – Blockchain Insurance Summit
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.
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Read More Locke Lord’s Insurance & Reinsurance Newsletter – September 2016
This article examines some potential issues for UK re/insurers following the referendum vote for the UK to end its membership in the EU.
Prolonged period of uncertainty but “business as usual”?
One of the most significant concerns is that Brexit will bring about a prolonged and indefinite period of uncertainty…
As we have previously reported here, the United States National Flood Insurance Program (“NFIP”) is set to expire in September 2017, at which point surplus lines insurers may find themselves with an opportunity to fill a rapidly-evolving market. The NFIP was enacted in 1968 to offer flood insurance to…
Representatives of the U.S. and E.U. continued negotiations of a potential bilateral agreement regarding regulation of insurance and reinsurance in Washington D.C. on May 24th and 25th. Following the meeting, the parties issued a joint statement, stating that “Both sides agreed to continue in good faith to pursue an…
Read More U.S.-E.U. Insurance Regulatory Negotiations Continue
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:
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Read More Locke Lord’s Insurance & Reinsurance Newsletter – May 2016
A recent report entitled “Promoting UK Cyber Prosperity: Public-Private Cyber-Catastrophe Reinsurance” issued by Long Finance examines the potential effects of cyber-catastrophe events on the economy. The report, available here, recommends the creation of a public-private cyber-catastrophe reinsurance scheme, or an extension to the existing terrorism pool, in order to…
Read More Recommendation for Cyber-Catastrophe Scheme to promote UK Cyber Competitiveness
New York Superintendent of Financial Services Benjamin M. Lawsky’s chief of staff will take over leadership of the Department of Financial Services after Lawsky’s departure next week. Mr. Lawsky recently announced that he is leaving the DFS to start his own firm. Anthony Albanese, chief of staff to Benjamin M.
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