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Insurance Industry › State Regulators

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 6: Prudential Solvency Regimes in the US

Skadden, Arps, Slate, Meagher & Flom LLP on

This chapter of The Encyclopaedia of Prudential Solvency discusses the prudential solvency regime in the United States. The US regulatory framework is defined by its state-based approach, whereby each state’s department of...more

McDermott Will & Schulte

Canaries and coal mines, US insurers and climate change

McDermott Will & Schulte on

Canaries are the most familiar of “sentinel species” – animals (and plants) that can alert us to threats to human health and the environment. Those who know their mining history also know that canaries were first used in...more

Mintz

New York State Department of Financial Services Issues Guidance to Insurers Concerning Climate Change

Mintz on

The New York State Department of Financial Services ("DFS")--one of the primary state regulatory authorities in New York--has now issued guidance to insurers concerning managing the risks associated with climate change. This...more

White and Williams LLP

Insuring Against Climate Change: How Traditional Insurers and Start-Up Companies are Implementing Innovative Technologies to...

White and Williams LLP on

Over the last decade, there has been a global increase in the focus on climate change and the risks and dangers associated with it. And for good reason. Damage from climate-related disasters was in the billions of dollars in...more

Michigan Auto Law

The “Game” of 7 Day Car Insurance Policies continues with 6 Month Policies with Installment Payments

Michigan Auto Law on

“Michigan stops LA Insurance’s sale of 7 day car insurance policies, but will the uninsured driver problem in Detroit improve now that 7 day policies are being replaced with 6 month car insurance with installment payments?” ...more

Carlton Fields

District Court Largely Denies Defendants’ Requested Protective Order On Variety Of Discovery Requests In Consolidated Class...

Carlton Fields on

On November 15, 2017, we reported on two class actions alleging that the “EquityComp” workers’ compensation insurance program marketed and sold by Applied Underwriters (“defendants”) violated California insurance law and...more

Cozen O'Connor

Florida Regulators Approve Policy Language Aimed at Limiting “Assignments of Benefits” Claim Practice

Cozen O'Connor on

Insurance companies that write property risks in Florida are getting in line to request approval from the Office of Insurance Regulation (OIR) for two key policy revisions intended to control losses from a water damage...more

Carlton Fields

State Insurance Regulators Target Insurers' Responses to Cyber-Attacks

Carlton Fields on

Cyber-attacks are becoming increasingly common and destructive, with the recent incidents involving Sony and Anthem Blue Cross Blue Shield serving as cautionary tales. As a result, state insurance regulators are focusing on...more

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