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HTMLNAIC Task Force Continues Work on Insurance Data Security Model Law
John S. Pruitt, Cynthia R. Shoss, Mary Jane Wilson-Bilik, John Allen Zumpetta; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 7, 2016, previously published on June 6, 2016
On May 24 and 25, the National Association of Insurance Commissioners (the NAIC) Cybersecurity (EX) Task Force (the Task Force) hosted a meeting in which state insurance commissioners and interested parties were invited to provide comments to and voice concerns about the current draft of the...

 

Adobe PDFThe Federal Reserve Board’s ANPR with Respect to Capital Requirements for Supervised Institutions Significantly Engaged in Insurance Activities
Maureen Emmert Adolf, Brian Barrett, John S. Pruitt, Cynthia R. Shoss; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
June 7, 2016, previously published on June 7, 2016
On June 3, 2016, the Board of Governors of the Federal Reserve System (FRB), approved an advance notice of proposed rulemaking (ANPR)1 regarding two potential regulatory capital frameworks for institutions under the FRB’s supervision that are significantly engaged in insurance activities....

 

HTMLDeloitte Predicts Changes to Auto Insurance Due to “the Future of Mobility”
Sutherland Asbill Brennan LLP;
Legal Alert/Article
June 6, 2016, previously published on June 3, 2016
Deloitte has released a white paper analyzing trends and potential future changes in auto insurance. Two key trends addressed are the rise of autonomous vehicles and the shift from individual vehicle ownership toward the sharing economy. Members of Deloitte’s actuarial practice modeled how...

 

HTMLNAIC Task Force Hosts Insurance Data Security Model Law Meeting
Sutherland Asbill Brennan LLP;
Legal Alert/Article
May 31, 2016, previously published on May 27, 2016
On May 24 and 25, the National Association of Insurance Commissioners (the “NAIC”) Cybersecurity (EX) Task Force (the “Task Force”) hosted a meeting in which state insurance commissioners and interested parties were invited to provide comments to and voice concerns about the...

 

HTMLThe Federal Reserve Board Outlines Approach For Capital Rules For Federally Supervised Insurance Groups
Maureen Emmert Adolf, Brian Barrett, John S. Pruitt, Cynthia R. Shoss; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 27, 2016, previously published on May 27, 2016
At the NAIC’s tenth International Insurance Forum, Daniel K. Tarullo, a member of the Board of Governors of the Federal Reserve System (FRB), outlined the FRB’s plans for

 

Adobe PDFNAIC Report: 2016 Spring National Meeting
Frederick R. Bellamy, Ling Ling, John S. Pruitt, Cynthia R. Shoss, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 25, 2016, previously published on May 24, 2016
The National Association of Insurance Commissioners (NAIC) held its 2016 Spring National Meeting from April 1 through April 6 in New Orleans, Louisiana. As host, Louisiana provided beautiful weather and bountiful great food. The Spring National Meeting was also highlighted by spirited discussions...

 

HTMLUnclaimed Property Primer for Health and Property & Casualty Insurance
Wilson G. Barmeyer, Holly H. Smith, Phillip E. Stano, Steuart H. Thomsen, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 17, 2016, previously published on May 17, 2016
Unclaimed Property: It’s not just about life insurance. The same contingency-fee unclaimed property auditors that targeted unclaimed life insurance proceeds are now turning their focus to other types of insurance, including health insurance and property & casualty insurance (P&C). For...

 

HTMLBasic-Supplemental Life Insurance Plan Pricing Structure Upheld in ERISA Class Action
Wilson G. Barmeyer, Carol T. McClarnon, Phillip E. Stano, Steuart H. Thomsen, Gail L. Westover; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 5, 2016, previously published on May 4, 2016
An employee benefit plan that includes an alleged subsidization component for its basic and supplemental options is neither prohibited by the Employee Retirement Income Security Act of 1974 (ERISA) nor a violation of the plan sponsor or service provider’s fiduciary duties, a federal district...

 

HTMLFlorida Withdraws from NIMA Effective June 1, 2016
Jennifer C. Erdelyi; Colodny Fass, P.A.;
Legal Alert/Article
April 27, 2016, previously published on April 14, 2016
The Florida Surplus Lines Service Office ("FSLSO") issued Bulletin 2016-03 today, April 14, 2016, stating that Florida has withdrawn from the Nonadmitted Insurance Multi-State Agreement ("NIMA") effective June 1, 2016.

 

HTMLCBS News' 60 Minutes to Feature Florida Chief Financial Officer Jeff Atwater and Insurance Commissioner Kevin McCarty this Sunday
Colodny Fass P.A.;
Legal Alert/Article
April 27, 2016, previously published on April 15, 2016
Florida's Chief Financial Officer Jeff Atwater and Insurance Commissioner Kevin McCarty will be featured during an episode of CBS News' feature television program 60 Minutes this Sunday, April 17, 2016.

 


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