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NAIC Adopts ORSA Model Act 18 September 2012 Legal News Alert: Insurance & Reinsurance On Wednesday, September 12, 2012, the NAIC adopted the Risk Management and Own Risk and Solvency Assessment Model Act (Model Act). The Model Act was produced by...
New IRS Safe Harbor for Certain Bad-Debt Deductions of Insurance Companies 02 August 2012 Legal News Alert: Insurance & Reinsurance An Internal Revenue Service development this week will be welcome news to many insurance companies. After two years of negotiation between the IRS National Office...
Insurance Industry Developments for Spring 2012 Spring 2012 Legal News: Insurance The Reinsurance Industry Needs to Understand and Comply With the FCPA Written by: Max B. Chester The reinsurance industry has been in existence for several centuries...
Insurance Industry Developments for Fall 2011 29 August 2011 Legal News: Insurance Additional States Enact NAIC Model Qualified Financial Contracts Law By Andrew Oberdeck Several states have recently added provisions to their insurance rehabilitation...
Florida Hearing on Life Insurance Company Claims Settlement Practices 24 May 2011 Legal News Alert: Insurance On Thursday, May 19, 2011, attorneys from Foley & Lardner LLP attended and monitored a public evidentiary hearing in Tallahassee, Florida concerning life insurance...
Insurance Industry Developments for Spring 2011 21 March 2011 Legal News: Insurance IRS Is Aggressively Challenging P&C Loss Reserve Deductions: Companies Should Be Prepared By Dick Riley Starting in 2008 and continuing today, the IRS has...
California Supreme Court Creates Exception to the Foster-Gardner Rule in Ameron 30 November 2010 Legal News Alert: Insurance & Reinsurance Litigation The California Supreme Court has issued a landmark decision that provides a new standard in analyzing whether an insurer’s duty to defend is triggered under a policy...
Insurance Industry Developments for Summer 2010 11 August 2010 Legal News: Insurance What Changes Does the Dodd-Frank Act Bring to the Insurance and Reinsurance Industry? By Robert C. Leventhal On July 15, 2010, the Senate passed the Dodd-Frank...
Health Care Reform Internal and External Appeal Requirements for Group Health Plans 04 August 2010 Legal News Alert: Employee Benefits On July 23, 2010, the IRS, the Employee Benefits Security Administration (EBSA), and the U.S. Department of Health and Human Services (HHS) jointly published a final...
Insurance Industry Developments for Spring 2010 25 March 2010 Legal News: Insurance Florida OIR to Begin Workers’ Compensation Excess-Profits Rulemaking By Thomas J. Maida and Austin B. Neal The Florida Office of Insurance Regulation (OIR) has...