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HTMLThe 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;
Legal Alert/Article
May 27, 2016, previously published on May 27, 2016
At 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

 

Adobe PDFNAIC Report: 2016 Spring National Meeting
Frederick R. Bellamy, Ling Ling, John S. Pruitt, Cynthia R. Shoss, Mary Jane Wilson-Bilik; Sutherland Asbill & Brennan LLP;
Legal Alert/Article
May 25, 2016, previously published on May 24, 2016
The 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...

 

HTMLUnclaimed 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;
Legal Alert/Article
May 17, 2016, previously published on May 17, 2016
Unclaimed 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...

 

HTMLBasic-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;
Legal Alert/Article
May 5, 2016, previously published on May 4, 2016
An 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...

 

HTMLFlorida Withdraws from NIMA Effective June 1, 2016
Jennifer C. Erdelyi; Colodny Fass, P.A.;
Legal Alert/Article
April 27, 2016, previously published on April 14, 2016
The 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.

 

HTMLCBS News' 60 Minutes to Feature Florida Chief Financial Officer Jeff Atwater and Insurance Commissioner Kevin McCarty this Sunday
Colodny Fass P.A.;
Legal Alert/Article
April 27, 2016, previously published on April 15, 2016
Florida'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.

 

HTMLEnacted Today, HB 931 Mandates Revisions to Florida's Citizens Property Insurance Takeout Program by January 1, 2017
Colodny Fass P.A.;
Legal Alert/Article
April 27, 2016, previously published on April 14, 2016
Signed 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.

 

HTMLFourth Circuit Holds Insurance Fraud Investigators are Not Exempt from Overtime Pay, Creating Circuit Split
William Robert Gignilliat, Chris Lauderdale; Jackson Lewis P.C.;
Legal Alert/Article
April 15, 2016, previously published on April 5, 2016
Disagreeing 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....

 

HTMLAutomakers Reach out to Auto Insurers on Recalls
Sutherland Asbill Brennan LLP;
Legal Alert/Article
April 14, 2016, previously published on April 13, 2016
Two 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...

 

HTMLFlorida Cabinet Extends Insurance Commissioner Application Time
Colodny Fass P.A.;
Legal Alert/Article
April 14, 2016, previously published on March 29, 2016
The 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.

 


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