InsurTech Weekly Roundup – April 12, 2019
While you were off changing the industry, you may have missed these important developments
Read MoreTopic: State Legislative Developments
LL Surplus Lines Series (Entry 5): 2019 WSIA Spring Surplus Lines Law Group Meeting Recap and Summary of Trends
The Surplus Lines Law Group held its spring meeting on Friday, April 5 in Biloxi, Mississippi. A number of presentations were given at the meeting, including updates on the trends around the nation with respect to the diligence search requirement, international tax and cybersecurity issues, as well as a presentation by this author as to the challenges surrounding placing group insurance coverage on a surplus lines basis (including unique hurdles applicable to risk purchasing groups).
Read MoreLL Surplus Lines Series (Entry 4): Nebraska Becomes Latest State to Adopt Domestic Surplus Lines Legislation
On March 12, 2019, Nebraska joined the small but growing number of states to adopt “domestic” surplus lines legislation. Illinois was the first state to adopt domestic surplus lines legislation in 1998 but the trend only gained traction over the last few years.
Read MorePrivacy & Cybersecurity Newsletter – January 2019
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 MoreMichigan Governor-elect Appoints Director of the Department of Insurance and Financial Services
Michigan Governor-elect Gretchen Whitmer has appointed Anita Fox as Director of the Department of Insurance and Financial Services. Anita Fox will replace Patrick M. McPharlin who has served as the Director since May 2015.
Read MoreNew York Department of Financial Services Superintendent to Step Down
Maria T. Vullo announced today that she will be stepping down as Superintendent of the New York Department of Financial Services effective February 1, 2019.
Read MoreTexas Department of Insurance Announces New Legislative Priorities
The Texas Department of Insurance (“TDI”) has released its 2018 Biennial Report to the 86th Texas Legislature. Every two years and pursuant to Texas Insurance Code section 32.022, TDI releases a report on insurance areas that the Department has identified for priority attention in the upcoming Texas legislative session.
Read MoreRaymond G. Farmer to Continue as Director of the South Carolina Insurance Department
Raymond G. Farmer will continue as the Director of the South Carolina Insurance Department as announced recently by South Carolina Governor Henry McMaster. Mr. Farmer has served as the Director of Insurance in South Carolina since 2012 when he was appointed by then Governor Nikki Haley.
Read MoreJulie Mix McPeak Reappointed as Tennessee Insurance Commissioner by Governor-Elect Bill Lee
Tennessee Governor-Elect Bill Lee has reappointed Julie Mix McPeak as the Tennessee Insurance Commissioner. Julie Mix McPeak has served as the Insurance Commissioner in Tennessee since 2011 and was previously the Executive Director of the Kentucky Office of Insurance.
Read MoreMidterm Elections—Florida and Georgia Update
As we noted last week in our QuickStudy 2018 Statewide Elections: A Mixed Bag for Insurers?, elections for Governor of Florida and Georgia and Georgia Insurance Commissioner were too close to call.
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