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HTMLU.S. Federal Reserve Board to Study Potential Effects Of Revised Regulatory Capital Framework On Insurance Holding Companies
Claude Mueller, Wes Strickland; Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
October 6, 2014, previously published on September 30, 2014
The U.S. Federal Reserve Board ("FRB") announced today, September 30, 2014, that it will begin a quantitative impact study ("QIS") to evaluate the potential effects of its revised regulatory capital framework on savings and loan holding companies, as well as nonbank financial...

 

HTMLFlorida Citizens Board of Governors Meeting Recap--September 24, 2014
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
October 6, 2014, previously published on September 30, 2014
Florida's Citizens Property Insurance Corporation ("Citizens") Board of Governors ("Board") met on September 24, 2014, preceeded by five Citizens committees on September 23--all of which convened in Winter Park, Florida.

 

HTMLTenth Circuit Affirms Indemnification Award Involving Incident At Wyoming Well
Sutherland Asbill Brennan LLP;
Legal Alert/Article
October 3, 2014, previously published on September 29, 2014
In 2001, an owner and operator of oil and gas wells entered into a master services agreement with a contractor for work on a Wyoming well. The agreement contained an indemnity provision whereby the contractor agreed to indemnify the owner “from and against all claims, damages, losses...

 

HTMLHomeowner's Policies Do Not Cover Auto Accidents
Carlock Copeland Stair LLP;
Legal Alert/Article
October 3, 2014, previously published on September 26, 2014
The appellate courts in Georgia have confirmed that homeowner’s policies clearly do not provide coverage for damages arising from the use of a motor vehicle, regardless of who owned or was operating the vehicle. Although most homeowner’s policies plainly exclude coverage for such...

 

HTMLCyber Liability Insurance: Where’s the Beef?
Daniel Harary, Heidi A. Lawson; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
Legal Alert/Article
October 2, 2014, previously published on September 30, 2014
“Cyber liability insurance” is often used to describe a range of insurance policies, in the same way that the word cyber is used to describe a broad range of information security related tools, processes and services. Everyone is talking about the need for “stand alone”...

 

HTMLAmid Transparency Criticism, International Association of Insurance Supervisors Publishes Risk-Based Insurance Capital Standard, Higher Loss Absorbency Development Principles
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 30, 2014, previously published on September 29, 2014
Directed by the Financial Stability Board to develop a risk-based global insurance capital standard within the Common Framework for the Supervision of Internationally Active Insurance Groups ("Comframe"), the International Association of Insurance Supervisors ("IAIS") published...

 

HTMLComparing Apples to Oranges
Sarah B. Cole; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
September 30, 2014, previously published on September 1, 2014
What is an “underinsured” motor vehicle in Delaware? Up until a short time ago, if all applicable policies of bodily injury liability coverage available totaled less than the amount of the claimant’s own uninsured/underinsured motorist coverage, that claimant would be deemed...

 

HTMLHouse Bill 373 Enacted To Control Level Of Workers’ Compensation Insurance Premiums By Making Significant Changes In Medical Reimbursements Allowable Under Healthcare Payment System.
Paul V. Tatlow; Marshall Dennehey Warner Coleman & Goggin, P.C.;
Legal Alert/Article
September 29, 2014, previously published on October 1, 2014
The summary to House Bill 373 gives the following reasons behind its enactment:

 

HTMLArgentinian Congress Passes New Supply Law that Could Affect Rights of Canadian Companies Doing Business in Argentina
Anelize Aguiar, Jeffrey D. Horswill, Max Portner; Davis LLP;
Legal Alert/Article
September 26, 2014, previously published on September 25, 2014
On September 18, 2014, the House of Deputies, the lower house of the Argentinian Congress, approved a controversial “supply” bill by a vote of 130 to 105. The bill, known as Law N° 26.991 or New Regulation of Production and Consumption Relations, had already been approved by the...

 

HTMLFlorida's Citizens Property Insurance To End 2004-2005 Emergency Assessment Two Years Early
Colodny Fass Talenfeld Karlinsky Abate Webb P.A.;
Legal Alert/Article
September 26, 2014, previously published on September 24, 2014
Assessments to Florida property insurance policyholders used for debt service following the devastating 2004-2005 hurricane seasons will end two years early under a recommendation approved by Citizens Property Insurance Corporation's ("Citizens'") Board of Governors at its meeting in...

 


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