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|The 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;
May 27, 2016, previously published on May 27, 2016At 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
|Important Court Decision For No-Fault Insurers -- Federal Court Rejects Argument To Limit Insurers’ Right To Seek Judicial Relief From Fraud Schemes|
Jared Facher, William J. Natbony; Cadwalader, Wickersham & Taft LLP;
May 26, 2016, previously published on April 5, 2016We are pleased to inform you of a very favorable recent caselaw development in the no-fault insurance area, in which our firm played a significant role. Specifically, on March 24, 2016, in the case of Liberty Mutual Fire Insurance Company, et al. v. Shapson, et al., the United States District Court...
|NAIC Report: 2016 Spring National Meeting|
Frederick R. Bellamy, Ling Ling, John S. Pruitt, Cynthia R. Shoss, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
May 25, 2016, previously published on May 24, 2016The 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...
|Unclaimed 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;
May 17, 2016, previously published on May 17, 2016Unclaimed 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...
|Basic-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;
May 5, 2016, previously published on May 4, 2016An 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...
|Florida Withdraws from NIMA Effective June 1, 2016|
Jennifer C. Erdelyi; Colodny Fass, P.A.;
April 27, 2016, previously published on April 14, 2016The 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.
|Enacted Today, HB 931 Mandates Revisions to Florida's Citizens Property Insurance Takeout Program by January 1, 2017|
Colodny Fass P.A.;
April 27, 2016, previously published on April 14, 2016Signed by Governor Rick Scott today, April 14, 2016, HB 931 will make several changes to law relating to Florida's Citizens Property Insurance Corporation ("Citizens") effective July 1, 2016.
|CBS News' 60 Minutes to Feature Florida Chief Financial Officer Jeff Atwater and Insurance Commissioner Kevin McCarty this Sunday|
Colodny Fass P.A.;
April 27, 2016, previously published on April 15, 2016Florida'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.
|Conference Addresses Challenges in AV Deployment|
Sutherland Asbill Brennan LLP;
April 20, 2016, previously published on April 19, 2016On April 15, 2016, the University of Michigan Law School hosted Autonomous Vehicles: Legal and Regulatory Hurdles to Deployment. Representatives from the National Highway Traffic Safety Administration (NHTSA), automakers, insurers, and academia discussed the legal challenges autonomous technology...
|Florida Office of Insurance Regulation Advises More Changes to the National Flood Insurance Program Take Effect on April 1, 2016|
Colodny Fass P.A.;
April 19, 2016, previously published on March 31, 2016In a consumer alert issued today, March 31, 2016, Florida Insurance Commissioner Kevin M. McCarty advised that changes to the National Flood Insurance Program ("NFIP") become effective this Friday, April 1.