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Sort by:  | Reminder to File Your BEA Reports
Amber S. Mills, Neil R. ("Nick") Pearson; Edwards Wildman Palmer LLP;
Legal Alert/Article May 9, 2013, previously published on May 2013 Several Bureau of Economic Analysis (“BEA”) reports will be due later this month, on May 31st, including a 5-year Benchmark Survey of Foreign Direct Investment. U.S. companies with foreign affiliates should ensure their compliance departments are working to timely file applicable...
| | New Jersey and Indiana Join New York and Florida in Relaxing Credit for Reinsurance Collateral Requirements
Karen L. Booth, Neil R. (Nick) Pearson; Edwards Wildman Palmer LLP;
Legal Alert/Article June 23, 2011, previously published on June 2011 New Jersey and Indiana have enacted legislation granting their insurance commissioners discretion to reduce the amount of collateral required from unauthorized and unaccredited reinsurers in order for domestic cedents to receive full financial statement credit for reinsurance.
| | First Director of Federal Insurance Office Named
Neil R. (Nick) Pearson; Edwards Wildman Palmer LLP;
Legal Alert/Article June 22, 2011, previously published on June 2011 Illinois Insurance Commissioner Michael T. McRaith, has been selected by the Secretary of the Treasury as the first Director of the Federal Insurance Office (FIO), which was created by the Dodd - Frank financial reform legislation instituted last year. He begins his new duties in June. Commissioner...
| | New York Amends Credit for Reinsurance Regulation, Relaxing Unauthorized Reinsurer Collateral Requirements
Karen L. Booth, Neil R. (Nick) Pearson; Edwards Wildman Palmer LLP;
Legal Alert/Article March 11, 2011, previously published on March 2011 The New York State Insurance Department (NYID) recently promulgated a Tenth Amendment to New York Regulations 17, 20 and 20-A (11 NYCRR 125) (the Amendment), effective January 1, 2011, which authorizes the NYID Superintendent (the Superintendent) to reduce the amount of collateral required for...
| | NAIC To Move Forward With Insurer Climate Risk Disclosure Survey
Alan J. Levin, Neil R. (Nick) Pearson, Nick Sage; Edwards Angell Palmer & Dodge LLP;
Legal Alert/Article April 5, 2010, previously published on March 26, 2010 We have reported previously on the NAIC's preparations to implement its Insurer Climate Risk Disclosure Survey (the "Survey").
|  | New York Releases Proposed Amendment to Regulation No. 20 Relaxing Collateral Requirements for Unauthorized Reinsurers and Prohibiting Arbitration
Neil R. (Nick) Pearson, Mohana P. Terry; Edwards Angell Palmer & Dodge LLP;
Legal Alert/Article February 27, 2009, previously published on January 2009 On December 24, 2008, the New York State Insurance Department ("NYSID") released Proposed Tenth Amendment to Regulation No. 20 (11 NYCRR 125) Credit for Reinsurance from Unauthorized Reinsurers (the "Proposal").
| | The New York Insurance Department Will No Longer Approve D&O Policies Lacking "Duty-to-Defend" Coverage Feature
John F. McCarrick, Neil R. (Nick) Pearson, Maurice Pesso, Peter de Boisblanc; Edwards Angell Palmer & Dodge LLP;
Legal Alert/Article January 16, 2009, previously published on December 15, 2008 The New York Insurance Department has long prided itself for being an activist state regulator for insurance business underwritten in the world's financial capital.
| | New York to Regulate Credit Default Swaps As Insurance
Neil R. (Nick) Pearson, Pamela S. Robertson, Susan E. Siebert; Edwards Angell Palmer & Dodge LLP;
Legal Alert/Article October 19, 2008, previously published on September 2008 The New York Insurance Department (the "NYID") has announced that effective January 2009 it will regulate credit default swaps ("CDS") as insurance contracts. Institutions selling credit protection under CDS contracts in New York will have to be licensed by the NYID as insurers.
| | New York to Regulate Credit Default Swaps As Insurance
Neil R. (Nick) Pearson, Susan E. Siebert, Pamela S. Robertson; Edwards Angell Palmer & Dodge LLP;
Legal Alert/Article October 1, 2008, previously published on September 2008 The New York Insurance Department (the "NYID") has announced that effective January 2009 it will regulate credit default swaps ("CDS") as insurance contracts. Institutions selling credit protection under CDS contracts in New York will have to be licensed by the NYID as insurers.
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