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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
|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Florida Surplus Lines Service Office ("FSLSO") issued Bulletin 2016-03 today, April 14, 2016, stating that Florida has withdrawn from the Nonadmitted Insurance Multi-State Agreement ("NIMA") effective June 1, 2016.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.
|Fourth Circuit Holds Insurance Fraud Investigators are Not Exempt from Overtime Pay, Creating Circuit Split|
William Robert Gignilliat, Chris Lauderdale; Jackson Lewis P.C.;
April 15, 2016, previously published on April 5, 2016Disagreeing with a sister circuit, the U.S. Court of Appeals for the Fourth Circuit has held that insurance fraud investigators were misclassified as exempt from overtime pay under the administrative exemption of the Fair Labor Standards Act, signaling that it will construe the exemption narrowly....
|Automakers Reach out to Auto Insurers on Recalls|
Sutherland Asbill Brennan LLP;
April 14, 2016, previously published on April 13, 2016Two associations representing the largest automakers in the world have asked the auto insurance industry to assist them by reminding insureds of recalls when they renew their policies. The Alliance of Automobile Manufacturers and the Association of Global Automakers made their request in letters to...
|Florida Cabinet Extends Insurance Commissioner Application Time|
Colodny Fass P.A.;
April 14, 2016, previously published on March 29, 2016The process to select a new Florida Insurance Commissioner was extended for approximately one month after debate at the Florida Cabinet meeting today, March 29, 2016.