Insurance Reinsurance - Locke Lord LLP

Time 2020-10-16 15:04:07

Web Name: Insurance Reinsurance - Locke Lord LLP

WebSite: http://www.insurereinsure.com

ID:84205

Keywords:

Reinsurance,Insurance,Locke,

Description:

In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. Read More Multiple developments occurred in the last few weeks throughout the United States relaxing diligent search standards in the surplus lines marketplace. Read More For September we have provided a monthly recap of insurance regulatory COVID-19 updates. Moving forward updates will be published on a weekly basis. Read More We don’t expect many of you to remember a 1950’s song (as most weren’t yet born!), What’s ‎Behind the Green Door.*  The vocalist, Jim Lowe, was certainly not thinking about insurance when ‎he sang it, but in the insurance world we see a parallel if we consider that there is a “green door” ‎between insurance and reinsurance. Read More On September 15, 2020, the UK’s High Court issued its highly-anticipated ruling on the “test ‎case” for COVID-19 business interruption insurance coverage. The case was brought by the UK ‎Financial Conduct Authority (FCA) on behalf of several policyholders – many small and medium ‎sized enterprises (SMEs) – to determine how the Court would rule on several different policy ‎wordings for business interruption insurance in relation to losses arising out of the COVID-19 ‎pandemic. ‎ Read More The summer is coming to an end…and so is our Summer Speaker Series! Join us for the final program in our series on issues impacting the insurance industry as we move to the next phase of COVID-19. One hour of CLE is approved in CA, IL, TX and NY. Other states are pending. Read More In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time.  If you have any questions on the subject matter below, do not hesitate to reach out.  The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic.  Read More In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. Read More In conjunction with the Locke Lord COVID-19 task force, we are reviewing, analyzing, and compiling regulatory updates to provide clients easy access to information during this unprecedented time. If you have any questions on the subject matter below, do not hesitate to reach out. The information below relates to state and federal bulletins, emergency orders, pending/enacted legislation, and other related actions taken in response to the COVID-19 pandemic. Read More The Illinois Department of Insurance has adopted a new rule, 50 Ill. Adm. Code 1305, Prior Notification of Dividends or Distributions.  Illinois Public Act 100-1118, effective November 27, 2018, added a new section to Article VIIC of the Illinois Insurance Code, Domestic Insurance Companies, namely, section 123C-26 [215 ILCS 5/123C-26] which mandates that captive insurance companies shall notify the Director when issuing dividends or distributions to policyholders [215 ILCS 5/123C-26.A] and which mandates that the Director approve that issuance and adopt rules to implement the approval process [215 ILCS 5/123C26.B]. Read More

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