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|Colorado High Court Nixes Use of Lone Pine Orders to Streamline Colorado Fracking Litigation|
Elayna M. Fiene, Cathleen H. Heintz, Carl J. Pernicone; Wilson Elser Moskowitz Edelman & Dicker LLP;
May 15, 2015, previously published on May 6, 2015On April 20, 2015, the Colorado Supreme Court issued a ruling interpreting Rule 16 of the Colorado Rules of Civil Procedure and implicating the scope of a trial court’s inherent authority to manage the cases before it. In Antero Resources v. Strudley, the issue decided by the Court was...
|Senator Warren's Investigation of Sales Incentives Offered By Annuity Writers|
Matthew J. Gaul; Dentons Canada LLP;
May 15, 2015, previously published on May 1, 2015On April 28, Senator Elizabeth Warren, a member of the Senate Banking Committee, launched a public inquiry that could have wide-ranging impacts on the insurance industry. Senator Warren sent a letter to the CEOs of the 15 largest US annuity writers, requesting information on the incentives they...
Bruce E. Baty, Kara Baysinger, Matthew J. Gaul, Daniel Marino; Dentons Canada LLP;
May 14, 2015, previously published on April 17, 2015The National Association of Insurance Commissioner’s Center for Insurance Policy and Research (CIPR) recently released the findings of its study on telematics-supported usage-based insurance (UBI). The study examines the fundamental transformation that telematics technology and UBI are having...
|Louisiana Insurers Conference Issues Urgent Call for Insurance Industry Opposition on Tax Credit Reduction Bill (HB 819)|
Colodny Fass P.A.;
May 14, 2015, previously published on May 04, 2015The Louisiana Insurers Conference is asking insurance industry members and interested parties to contact members of the Louisiana House of Representatives' Ways and Means Committee ("Committee") and urge them to oppose HB 819 relating to Tax Credits before the bill is taken up at the...
|Florida's Citizens Property Insurance Board Ends 1-in-100 Assessment Risk with Approval of 2015 Reinsurance Package|
Colodny Fass P.A.;
May 14, 2015, previously published on April 30, 2015In a brief meeting held this morning, April 30, 2015, Florida's Citizens Property Insurance Corporation's ("Citizens") Board of Governors ("Board") approved a multi-layered 2015 Hurricane Season risk transfer program for Citizens' Coastal Account consisting of mandatory Florida...
|New Indexed Universal Life illustrations Model: Heading for Consensus (Minus New York)|
Bruce E. Baty, Kara Baysinger, Matthew J. Gaul; Dentons Canada LLP;
May 14, 2015, previously published on April 3, 2015Regulators and industry representatives who have been grappling with new rules concerning Indexed Universal Life Insurance (IUL) illustrations for the past year came together in person on March 26 at the Life Actuarial Task Force (LATF) as part of the National Association of Insurance Commissioners...
|Insurance Coverage Considerations for Unmanned Aircraft Systems|
Tyrone R. Childress, Jeffrey J. Immel, Rebecca MacPherson; Jones Day;
May 13, 2015, previously published on April 2015On February 23, 2015, the Federal Aviation Administration ("FAA") issued new proposed regulations for the operation and certification of small unmanned aircraft systems ("sUAS"), popularly referred to as "drones." Although the proposed rules do not require that sUAS...
|Maryland Court of Appeals Interprets Insurance Policy in Favor of Insurer and Concludes that Underinsured Motorist Provisions Were Not Ambiguous|
Jhanelle A. Graham; Semmes, Bowen & Semmes A Professional Corporation;
May 13, 2015, previously published on April 2015In Linda Connors, Individually etc., v. Government Employees Insurance Co., the Court of Appeals of Maryland decided a case involving a dispute between an insurance company and two (2) of its insureds, regarding the method to calculate the proceeds owed to the insureds pursuant to the underinsured...
|2015 Post-Season Florida Insurance Report|
Fred W. Baggett, Agustin G. Corbella, Hayden R. Dempsey, Leslie Y. Dughi, Ashlee T. Falco; Greenberg Traurig, LLP;
May 13, 2015, previously published on May 6, 2015Republicans fared well in the election cycle that preceded the 2015 Florida Legislative Session. Despite a tight race, Republican Governor Rick Scott won re-election as did the other three GOP Cabinet members. Additionally, Republicans took six House seats from the Democrats, regaining the...
|Focus On International Standards|
Bert Adams, Eric A. Arnold, B. Scott Burton, James R. Dwyer, Eric R. Fenichel; Sutherland Asbill & Brennan LLP;
May 13, 2015, previously published on May 13, 2015The influence of international standards on the direction of insurance regulation in the United States has dominated public discussion about insurance regulation during recent years. Nowhere was that more evident than in Washington, D.C., last week. On May 5, the 6th Annual U.S.-EU Insurance...