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HTMLPWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues
Zachary N. Lerner; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 23, 2014, previously published on April 21, 2014
On April 17, 2014, the President’s Working Group on Financial Markets (“PWG”) released its report (the “Report”) to Congress on the state of terrorism risk insurance, as required under the Terrorism Risk Insurance Act (“TRIA”). The PWG is composed of...

 

HTMLInternational Insurance Relations (G) Committee Spring NAIC Meeting
Zachary N. Lerner; Edwards Wildman Palmer LLP;
Legal Alert/Article
April 1, 2014, previously published on March 31, 2014
The International Insurance Relations (G) Committee (the “Committee”) Spring NAIC Meeting focused primarily on providing updates to efforts made in the international sphere by the NAIC. Commissioner Consedine of Pennsylvania gave an update on the International Association of Insurance...

 

HTMLRector Report has NAIC Moving Forward on PBR
Zachary N. Lerner; Edwards Wildman Palmer LLP;
Legal Alert/Article
March 25, 2014, previously published on March 24, 2014
On February 17, 2014, the NAIC Principle-Based Reserving Implementation (EX) Task Force opened for comment a report by Rector & Associates, Inc. (the “Rector Report”) regarding reserve financing transactions. The Rector Report includes a recommendation of Rector & Associates,...