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NAIC adopts 2010 budget
- Edwards Wildman Palmer LLP
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- USA
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- December 10 2009
The National Association of Insurance Commissioners (“NAIC”) adopted a $70.9 million operating budget for 2010 at its winter meeting in San Francisco on Monday, December 7
NAIC Valuation of Securities (E) Task Force adopt assumptions for residential mortgage-backed securities
- Edwards Wildman Palmer LLP
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- USA
- -
- December 8 2009
On December 2, 2009, the NAIC Valuation of Securities (E) Task Force adopted final assumptions ("the Assumptions") for the financial model used in determining risk based capital ("RBC") for insurer owned residential mortgage-backed securities ("RMBS"
NAIC announces new cooperation agreement with Brazil
- Edwards Wildman Palmer LLP
- -
- Brazil, USA
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- December 8 2009
On Saturday, December 5, 2009, the National Association of Insurance Commissioners (“NAIC”) announced that U.S. insurance regulators entered into a Memorandum of Understanding (“MoU”) with the Agencia Nacional de Saude Suplementar (ANS), Brazil’s Insurance Regulator for Health Plans and Health Insurance, during the NAIC Winter Meeting
Last week in DC: the healthcare reform debate
- Edwards Wildman Palmer LLP
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- USA
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- December 7 2009
The Senate returned from Thanksgiving break last week and resumed consideration of its healthcare reform bill in earnest, debating and voting on several amendments to the legislation
House committee passes legislation creating federal insurance office, but without regulatory power
- Edwards Wildman Palmer LLP
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- USA
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- December 4 2009
The House Financial Services Committee passed a revised version of the Federal Insurance Office Act, H.R. 2609, earlier this week
Partial repeal of the insurance antitrust exemption introduced as amendment to Senate healthcare bill
- Edwards Wildman Palmer LLP
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- USA
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- December 4 2009
Senator Patrick Leahy (D-VT) filed an amendment to the Patient Protection and Affordable Care Act (H.R. 3590) (the “PPACA”) on December 1, 2009, that would repeal the exemption from federal antitrust laws for the health insurance and medical malpractice insurance industries
Texas to hold public hearing regarding use of discretionary clauses in insurance contracts
- Edwards Wildman Palmer LLP
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- USA
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- December 3 2009
The Texas Department of Insurance ("TDI") has planned a public hearing for Wednesday, December 9, 2009, on whether the TDI should adopt a rule banning the use of discretionary clauses in insurance contracts
House committee completes action on financial regulatory reform legislation, stage set for floor vote next week
- Edwards Wildman Palmer LLP
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- USA
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- December 3 2009
The House Financial Services Committee completed its work on a large scale financial regulatory overhaul on Wednesday, when the committee voted to approve the final piece of the Administration’s reform proposal systemic risk legislation
NY appellate court affirms motion court’s dismissal of complaint seeking defense costs under directors' and officers' errors and omission policy for investigations that resulted in disgorgement of improperly acquired funds
- Edwards Wildman Palmer LLP
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- USA
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- December 2 2009
On December 1, 2009, the New York Appellate Division, First Department, unanimously affirmed Justice Marcy S. Friedman’s March 10, 2009 Decision and Order (entered March 13, 2009, Supreme Court, New York County), dismissing Millennium’s complaint as against defendant Select Insurance Company
California federal court rules that “insured v. insured” exclusion does not preclude insurer’s payments of defense costs in claim brought jointly by insureds and non-insureds
- Edwards Wildman Palmer LLP
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- USA
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- December 1 2009
The United States District Court for the Northern District of California, applying California law, has held that an “insured v. insured” clause exclusion in a D&O policy for claims asserted by an insured against an insured did not preclude the insurer from paying for the entire defense costs incurred by insured and non-insured claimants
Current Search
- Jurisdiction - USA
- Workarea - Insurance & Reinsurance
- Author - Helen Clark