Cheryl A. Possenti: Lawyer with Goldberg Segalla LLP

Cheryl A. Possenti

Partner
Buffalo,  NY  U.S.A.
Phone716.566.5444

Peer Rating
 4.6/5.0
AV® Preeminent

Client Rating

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Experience & Credentials Ratings & Reviews
 

Practice Areas

  • Product Liability
  • Class Action Litigation
  • Regulatory Compliance
 
Contact InfoTelephone: 716.566.5444
Fax: 716.566.5401
http://www.goldbergsegalla.com/attorneys/cheryl-possenti
 
University State University of New York at Albany, B.A., 1978
 
Law SchoolState University of New York at Buffalo School of Law, J.D., 1982 Buffalo Law Review, Senior Editor
 
Admitted1983, New York; U.S. District Courts for the Western and Northern Districts of New York
 
Memberships 

Professional Affiliations
•DRI, Product Liability Committee and Children's Products Specialized Litigation Group, past chair and current panel counsel liaison
•New York State Bar Association, Torts, Insurance and Compensation Law Section
•Bar Association of Erie County; Negligence Committee and Health Law Committee
•Western New York Trial Lawyers Association
•Society of Product Licensors Committed to Excellence, served on the Board of Directors

 
BornYonkers, New York, December 9, 1957
 
Biography

Frederick Pomerantz focuses his practice on serving the corporate and commercial needs of highly regulated industries, with 30 years of experience representing insurance companies in transactional and related regulatory matters. Throughout his legal career, many insurance companies have come to rely on Fred not only as their client relationship manager but also as a trusted advisor to their board and management.

Fred also has handled the organization and licensure of insurers, reinsurers, and related entities, including producers, risk retention groups, and risk purchasing groups. He has directed insurance company mergers, acquisitions, reorganizations, redomestications and divestitures, and U.S. branch domestications.

Fred also has assisted with insurance product development; drafted policy wordings, reinsurance contracts, and cut-through endorsements; and prepared rate and form filings. On behalf of insurers and producers, he has attended regulatory hearings and meetings in Alabama, California, Florida, Indiana, Kentucky, Louisiana, New York, South Dakota, Wisconsin, and other states. In addition, he has provided insurance regulatory guidance for insurance agents and retail and wholesale brokers and their directors and officers.

A significant portion of his practice involves the counseling of Latin American, Asian, and French insurers and reinsurers with respect to insurance laws in all 50 states that impact their operations. He recently lectured to a group of visiting insurance regulators from the People's Republic of China at a program sponsored by St. John's College of Risk Management. Fred has provided counsel on U.S. investment laws, holding company compliance, online insurance transactions, and the applicability of the federal excise tax and/or federal tax treaties to policies of worldwide coverage issued by alien insurers and reinsurers. His practice has addressed changes in global and U.S. reinsurance collateralization rules, financial service integration issues, and proposed federal regulation of the insurance industry.

Fred has served on the boards of directors of one life insurance company and two property-casualty insurance companies in New York. He is a former Northeast Region Director of the Federation of Regulatory Counsel (FORC), a peer-review membership organization of only 150 insurance regulatory attorneys worldwide, and is a member of several of its committees, including the Admissions Committee and the By-laws Review Committee. Fred has also held prominent leadership positions with the Association of Insurance and Reinsurance Runoff Companies and the New York State Bar Association. He possesses an AV rating from Martindale-Hubbell.

A frequent author on insurance regulation and other topics, Fred has published articles in major insurance trade journals in the United States, Argentina, Japan, and the United Kingdom. He has organized seminars and webinars on a variety of topics, including e-commerce, Superstorm Sandy, and federal insurance issues including the Nonadmitted and Reinsurance Reform Act, the role of the Federal Insurance Office in state and international insurance regulatory affairs, and the role of climate change on regulation of the insurance industry worldwide. Fred has been a guest speaker and panelist at meetings of the Federation of Regulatory Counsel, the Surplus Lines Law Group, and the Association of Insurance Compliance Professionals, and has lectured to clients around the world.

Fred's community involvement has included serving on the board of trustees of a prominent Great Neck, NY, religious institution. He has also been active in his local Boy Scouts troop and with the Great Neck Police Athletic League.

Representative Matters

Honors

•Martindale-Hubbell Peer Review Rating: AV Preeminent
International Lawyers Directory

News
Frederick J. Pomerantz Joins Goldberg Segalla, Strengthens Insurance Regulatory Team
July 8, 2014

publication & presentation

Presentations/Publications

Panelist, “Surplus Lines Regulation After the Nonadmitted and Reinsurance Reform Act” and “FIO for the P&C Compliance Professional,” Association of Insurance Compliance Professionals Annual Conference, September 14-17, 2014
Co-Author, “ Do Lloyd's TCF Rules Harm US Coverholders? ” Global Reinsurance, July 23, 2014
Co-Author, “Commissioner Kobylowski: NJ's Robust Regulatory Agenda,” AIRROC Matters, Vol. 10, No. 2, Summer 2014
Author, “Despite the Best of Intentions, Paving the Way for the Next Financial Meltdown Part II: Getting Ready,” FORC Journal, Vol. 25, Edition 1, Spring 2014
Co-Author, “A Superstorm Sandy Retrospective: How the Actions of New York Regulators May Shape Responses to Future Natural Disasters,” Property Casualty 360, November 15, 2013
Co-Author, “A Call for Forward-Looking Disaster Risk Evaluation and Greater Private Sector Involvement Amid Surveys, Estimates, and Statistics,” FORC Journal, Vol. 24, Edition 3, Fall 2013
Author, “Use of Hurricane Deductibles in the Northeast States,” FORC Journal, Vol. 24, Edition 2, Summer 2013; Insurance Law 360, February 4, 2013
Co-Author, “New York Department of Financial Services Investigates Life Insurance Industry's Use of Captive Reinsurers While NAIC Approves Use of 'Principle-Based Reserving' to Address 'Redundant Reserves,'” FORC Journal, Vol. 24, Edition 1, Spring 2013
Author, “Post Irene and Sandy: Use of Hurricane Deductibles,” Law360, February 4, 2013
Co-Author, “New York Regulatory Issues in the Wake of Sandy,” FORC Journal, Vol. 23, Edition 4, Winter 2012
Co-Author, “NRRA Grows Up Fast: FIO May Rescue Gaps Left in the Dodd-Frank Act,” AIRROC Matters, Vol. 8, No. 1, Spring 2012; FORC Journal, Vol. 22, Edition 4, Winter 2011
Co-Author, “The Dodd-Frank Act: Is Insurance Modernization on the Horizon,” AIRROC Matters, Vol. 8, No. 1, Spring 2012
Author, “Rhode Island Commutation Plan Filed by GTE Re Upheld by the State's Superior Court,” AIRROC Matters, Vol. 7, No. 2, Summer 2011
Author, “Direct Procurement: Recent Developments in the Law,” FORC Journal, Vol. 22, Edition 2, Summer 2011
Author, “Recent Developments in Rhode Island Commutation Plan Filed By GTE Re,” AIRROC Matters, Vol. 7, No. 1, Spring 2011
Author, “The Dodd-Frank Act: Seven Months Later,” AIRROC Matters Special Edition: Education Summaries, March 3, 2011
Author, “Legislative Update,” AIRROC Matters, Vol. 6, No. 1, Spring 2010
Author, “Complying With New Medicare Reporting Requirements Applicable to Liability Insurers and Self-Insurers,” FORC Journal, Vol. 20, Edition 2, Summer 2009
“Marketing and Sale of Travel Insurance Gets Tougher in New York,” FORC Journal, Vol. 18, Edition 2, Summer 2007
Co-Author, “What Activities Are Permissible By Unlicensed Agents or Brokers in New York?” FORC Journal, March 2005
Author, “Foreign Assets Control Regulations and the Insurance Industry: Applicability of OFAC Rules to Insurance Producers, Managing General Agents, and Programs,” FORC Journal, Vol. 15, Edition 1, March 2004
Author, “Alternatives in a Hard Market,” PLUS Journal, July/August 2002
Author, “The Payment of Referral Fees to Unlicensed Persons in New York,” FORC Journal, Vol. 13, Edition 2, Summer 2002
Author, “Government Regulations Committee Holds Breakfast Seminar on Electronic Commerce in the Insurance Industry,” NYSBA Cover to Cover, Summer 2000

Presentations
Frederick J. Pomerantz a Panelist at Association of Insurance Compliance Professionals Annual Conference
September 14-17, 2014

 
ISLN904350478
 


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Office Information

Cheryl A. Possenti

665 Main Street, Suite 400
BuffaloNY 14203-1425




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