As previously reported here and here, in June President Obama appointed Roy Woodall to the Financial Stability Oversight Council (FSOC) as the voting member with insurance expertise required by Dodd-Frank. …
Read More Senate Confirms Woodall as Voting Member of FSOC

Governor Rick Perry announced the appointment of Eleanor Kitzman as the Texas Commissioner of  Insurance, effective August 15, 2011.  Ms. Kitzman has most recently served as the Executive Director of the South Carolina Budget and Control Board and was a past director of the South Carolina Department of Insurance. …
Read More Eleanor Kitzman Appointed as Texas Insurance Commissioner

In a market bulletin released on 31 March 2011, Lloyd’s set out its revised Claims Management Principles and Minimum Standards (click here for a copy of the bulletin). The revision is part of Lloyd’s Claims Transformation Project in order to “facilitate and increase the competitive advantage from the efficient handling of claims on their merits“. …
Read More UK: Lloyd’s Publishes its Revised Claims Management Principles and Minimum Standards

The U.S. District Court for the District of Massachusetts recently held that an exclusion for liability arising out of the physical abuse of anyone in the “care” of the insured applied to claims against a clinic on behalf of a patient of the clinic who was beaten by her adoptive parents. …
Read More Federal Court in Massachusetts Rules That Abuse and Molestation Exclusion Applies To Claims Against Child Services Clinic

On February 1, 2011, New York Governor Andrew Cuomo unveiled a proposed 2011-2012 executive budget. As part of the Executive Budget, the Governor submitted a bill merging the Insurance and Banking Departments and the Consumer Protection Board into a single state agency, to be known as the Department of Financial Regulation. InsureReinsure.com is following and reporting the latest developments. Click here to see what we’ve posted.

Read More New York Insurance and Banking Merger

The United States District Court for the Northern District of California recently granted in part and denied in part motions to dismiss a class action brought by a class of purchasers of mortgage pass-through certificates.
Read More Court Denies Wells Fargo’s Motion to Dismiss on Statute of Limitations Grounds

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Read More International Public Company D&O: Status & Trends – Canada

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Read More Complimentary EAPD Webinar: The Foreign Corrupt Practices Act and International Anti-Corruption for the Insurance Industry