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HTMLFlorida Office of Insurance Regulation Issues 2015 Workers' Compensation Annual Report
Colodny Fass P.A.;
Legal Alert/Article
January 22, 2016, previously published on January 15, 2016
The Florida Office of Insurance Regulation ("OIR") has released the 2015 Workers' Compensation Annual Report to the Florida Legislature.

 

HTMLU.S. House Insurance Subcommittee Hears Testimony on Creation of 'More Robust' Private Market Flood Insurance
Colodny Fass P.A.;
Legal Alert/Article
January 22, 2016, previously published on January 13, 2016
Relying on the state-based insurance regulatory system to oversee the delivery of property insurance coverage for flood insurance by private insurers would be the best way for Congress to move federal government expenditures and activities towards investments in resiliency and sustainability...

 

HTMLPrice Optimization: 2015 Year in Review and a Look Ahead
Eric A. Arnold, Thomas W. Curvin, John S. Pruitt, Stephen E. Roth, Phillip E. Stano; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
January 20, 2016, previously published on January 20, 2016
2015 saw approximately one-third of U.S. states1 join the first state, Maryland, in issuing guidance to property and casualty insurers with respect to price optimization; action by the National Association of Insurance Commissioners (NAIC) in approving a white paper on price optimization; and...

 

HTMLNAIC Issues 2012/2013 Auto Insurance Report
Colodny Fass P.A.;
Legal Alert/Article
January 19, 2016, previously published on January 11, 2016
The National Association of Insurance Commissioners ("NAIC") released its2012/2013 Auto Insurance Database Report today, January 11, 2016.

 

HTMLExcise Tax Refund Opportunity for Foreign Reinsurers for Retrocession Policies
Richard J. Fidei, Fred E. Karlinsky, Marvin A. Kirsner; Greenberg Traurig, LLP;
Legal Alert/Article
January 19, 2016, previously published on January 7, 2016
The IRS has decided to back off its position that the 1 percent excise tax is due on a policy of reinsurance where a foreign reinsurer reinsures a policy of reinsurance issued by another foreign reinsurer (referred to in the industry as a retrocession policy). Foreign reinsurers who have previously...

 

HTMLExpectations for the Property & Casualty Insurance Industry in 2016
Sutherland Asbill Brennan LLP;
Legal Alert/Article
January 18, 2016, previously published on January 15, 2016
The Insurance Information Institute has released the results of a survey of property and casualty insurance industry leaders. A majority of executives anticipate no increase in profitability for workers compensation, personal auto, homeowners, or commercial lines in 2016. Rather, executives expect...

 

HTMLChristmas Comes Early to Crum & Forster in East Bridge Lofts Action - $2 Million Coverage Ruling Reversed & Forster In East Bridge Lofts Action - $2 Million Coverage Ruling Reversed
Suzanne E. Hogg; Carlock, Copeland & Stair, LLP;
Legal Alert/Article
January 18, 2016, previously published on January 4, 2016
After ruling against Crum & Forster in November 2015 and ordering the insurer to pay $2 million of a $55 million judgment to its insured, South Carolina District Court Judge Richard Gergel reversed his ruling, in an order on the insurer’s motion to reconsider.

 

HTMLRegulation of Autonomous Vehicles Likely to Remain at State Level
Sutherland Asbill Brennan LLP;
Legal Alert/Article
January 15, 2016, previously published on January 14, 2016
The United States Transportation Secretary, Anthony Foxx, has stated that there is no plan to implement national legislation governing autonomous vehicles. Mr. Foxx made the statement while speaking to the media at the CES technology trade show. He stated that federal regulation of safety and model...

 

HTMLATL Trucking Ltd. v Vancouver Fraser Port Authority, 2015 FC 420 ("ATL") and Goodrich Transport Ltd. v Vancouver Fraser Port Authority, 2015 FC 520 ("Goodrich")
Dionysios Rossi, Graham Walker; Borden Ladner Gervais LLP;
Legal Alert/Article
January 12, 2016, previously published on December 10, 2015
Goodrich, and the interlocutory decision in ATL, arose from a decision by the Vancouver Fraser Port Authority, also known as Port Metro Vancouver ("PMV"). PMV is a Canadian port authority established and governed by the provisions of the Canada Marine Act, SC 1998, c 10 and Letters Patent...

 

HTMLFlorida Insurance Commissioner Kevin McCarty To Resign Effective May 2, 2016
Colodny Fass P.A.;
Legal Alert/Article
January 12, 2016, previously published on January 5, 2016
Florida Insurance Commissioner Kevin McCarty announced his resignation today, January 5, 2016, it was reported today by major statewide political media.

 


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