News & Analysis as of

Risk Management Insurance Industry

Mayer Brown

Climate and Resiliency (EX) Task Force

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The Climate and Resiliency (EX) Task Force (“CRTF”) of the US National Association of Insurance Commissioners (“NAIC”) met on August 11, 2025 at the NAIC’s Summer 2025 National Meeting in Minneapolis, Minnesota. In addition...more

Mayer Brown

Big Data and Artificial Intelligence (H) Working Group

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During the Summer 2025 National Meeting of the US National Association of Insurance Commissioners (“NAIC”) in Minneapolis, Minnesota, the Big Data and Artificial Intelligence (H) Working Group (“BDAI WG”) met on August 12,...more

J.S. Held

When the Smoke Clears: Business Interruption Claims from Wildfire Evacuations Without Physical Damage

J.S. Held on

Over the past three to four summers, the insurance industry has seen a significant increase in wildfire evacuation claims (also known as civil authority). The Insurance Bureau of Canada ranked the summer of 2024 as the...more

Skadden, Arps, Slate, Meagher & Flom LLP

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

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

Mitchell, Williams, Selig, Gates & Woodyard,...

National Association of Insurance Commissioners (NAIC) Summer 2025 Meeting Summary

The Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) Summer 2025 National Meeting which was held in Minneapolis, MN. We have prepared a...more

Cozen O'Connor

When Algorithms Deny: AI and the New Frontier of Bad Faith

Cozen O'Connor on

As industries across the board adopt artificial intelligence (AI), insurers have likewise recognized its potential to enhance efficiency in claims administration. Yet with this opportunity comes tension: consumers expect both...more

Eversheds Sutherland (US) LLP

Highlights from the NAIC Summer 2025 National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2025 Summer National Meeting from August 10 – 14 in Minneapolis, Minnesota, where “Minnesota Nice” was on full display, even by the protestors who...more

Woodruff Sawyer

Insuring Global Clinical Trials: Navigating Risks Across Borders

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In part three of our three-part webinar series on Risk Management for Your Life Sciences Company, we focus on insurance for foreign clinical trials and provide updates on the clinical trial requirements of various countries....more

Cozen O'Connor

South Florida Wildfires Status & Subrogation Risk Analysis

Cozen O'Connor on

Two wildfires in the Everglades near the Broward County border remain fully uncontained, causing widespread smoke, degraded air quality, and reduced visibility across South Florida. Current Situation Overview - Two...more

McDermott Will & Schulte

NAIC Summer National Meeting: Financial Condition (E) Committee advances formation of new Reciprocal Exchanges (E) Working Group...

Earlier this year, noting “the recent increase in the number of reciprocal exchanges being formed and challenges in assessing the fairness and reasonableness of attorney-in-fact fees being charged to the newly formed...more

Morgan Lewis

Protecting the Goal: Insurance Considerations for the World Cup and Other Major Events

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With the 2026 Men’s World Cup and Winter Olympics approaching, businesses that sponsor, organize, host, or otherwise profit from live events should bear in mind that all major sporting and entertainment performances face...more

Mayer Brown Free Writings + Perspectives

Generative AI Applications in Financial Services

Generative artificial intelligence (AI) is reshaping the financial services sector, moving from pilot projects into scaled enterprise adoption.  CB Insights’ latest report addresses 100 actual applications of generative Al in...more

Skadden, Arps, Slate, Meagher & Flom LLP

PRA Announces Reform to the UK Insurance Special Purpose Vehicles Regulatory Framework

- What is new: The PRA has published a policy statement finalising reforms to the UK insurance special purpose vehicles regulatory framework, including changes to funding, grace periods, authorisation and contract...more

Kilpatrick

5 Key Takeaways | Faulty Intelligence: Responding to an AI Incident

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Kilpatrick’s Greg Silberman recently led a session at the 21st annual KTIPS (Kilpatrick Townsend Intellectual Property Seminar) on “Faulty Intelligence: Responding to an AI Incident”, focusing on how legal, security, and...more

Phelps Dunbar

New Florida Law May Spur Changes in Builder Insurance and Liability

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Starting July 1, Florida law will require builders of newly constructed homes to provide a mandatory 1-year warranty against material construction defects. The new statute, Section 553.837, Florida Statutes, establishes...more

Conyers

Trusts in Insurance Structures

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Conyers has recently seen a significant increase in the use of trusts in the structuring of insurance transactions entered into by Cayman Islands licensed insurers in addition to their continued use in structuring the...more

Buckingham, Doolittle & Burroughs, LLC

Representations & Warranties Insurance: What You Need to Know

If you are selling a business or acquiring one, particularly in the middle market or large-cap space, you will likely hear the term representation and warranties insurance (RWI). It is a common tool in mergers and...more

Conyers

AM Best Proposes Changes to Its Rating Criteria

Conyers on

In a recent market briefing delivered to the Cayman Islands’ (re)insurance industry, global credit ratings agency AM Best announced its proposal to change its criteria for rating cell companies including Segregated Portfolio...more

Thomas Fox - Compliance Evangelist

AI Today in 5: August 11, 2025, The ACHILLES Project Episode

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In...more

J.S. Held

The Growing Importance of the Chief Intellectual Property Officer: A Strategic Imperative for the Knowledge Economy

J.S. Held on

Discussion in the corporate boardroom is evolving rapidly. As the global economy has fundamentally shifted from one driven by tangible assets to one powered by intangible value, a new C-suite position has earned a seat at the...more

Conyers

The Prudential Solvency Regime of the Cayman Islands

Conyers on

The Cayman Islands Monetary Authority (CIMA) set out its approach to group (or consolidated) supervision in a November 2023 regulatory policy update (the Regulatory Policy). CIMA defines consolidated supervision as: “a...more

Thomas Fox - Compliance Evangelist

AI Today in 5: August 8, 2025, The Don’t Wait Episode

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the AI Today In...more

Vinson & Elkins LLP

Practice Leader Insights From V&E's Ben Higson

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In this Law360 U.K. Expert Analysis series, practice group leaders share thoughts on keeping the pulse on legal trends, tackling difficult cases and what it takes to make a mark in their area. In this installment, Ben Higson,...more

Ward and Smith, P.A.

Getting in the Weeds on Managing Cannabis Operations Risks Through Insurance

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At its core, risk management involves identifying, assessing, and mitigating potential risks to minimize losses and ensure business continuity. A routinely used and universally accepted risk management resource that...more

Goldberg Segalla

Navigating the Time-Limited Policy Limits Demand: Best Practices for Insurers and Defense Counsel

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In the evolving landscape of insurance litigation, the time-limited, policy limits demand has emerged as a high-stakes challenge for insurers, defense counsel, and claims professionals alike. These demands – often issued...more

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