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Results: 1-10 of 1,062

Connecticut and Maine issue state regulatory pronouncements

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 2 2009

The Connecticut Insurance Department recently issued a Bulletin (Number FS-4AR-08) relating to the 2008 and 2009 financial filing requirements by accredited reinsurers

Synthetic annuities in today’s market

  • Jorden Burt LLP
  • -
  • USA
  • -
  • December 31 2008

Two realities may be combining to increase the level of public receptivity to annuitization in the form of a guaranteed stream of income over either a stipulated period or life

Treaty tips: keeping an eye on “losses”

  • Jorden Burt LLP
  • -
  • USA
  • -
  • December 31 2008

Losing sight of fundamental treaty definitions as a reinsurance arrangement changes over time can result in unexpected consequences

Midwest Employers Cas. Co. vs. Legion Ins. Co. the saga continues towards trial

  • Jorden Burt LLP
  • -
  • USA
  • -
  • May 4 2009

As reported in our previous posts on November 19, 2007 and July 8, 2008, Midwest Employers Casualty Company ("Midwest") sued Legion Insurance Company ("Legion"), in connection with 43 separate reinsurance certificates issued by Midwest to Legion between 1994 and 2001

Reinsurance guarantors’ appeal dismissed for lack of appellate jurisdiction

  • Jorden Burt LLP
  • -
  • USA
  • -
  • April 28 2009

The Third Circuit has determined it lacked jurisdiction to hear the appeal of parties disputing their obligations in connection with certain reinsurance guarantees

State regulatory rulings relating to risk pooling trust and TRIA

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 14 2009

The New York State Insurance Department's Office of General Counsel issued an opinion concluding that a New York domestic insurer may enter into a reinsurance agreement with an Illinois-based risk pooling trust and obtain credit for that reinsurance so long as the New York insurer holds funds provided by the trust in accordance with certain New York insurance law requirements

Reinsurer liable under workers’ compensation policy

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 21 2009

PEO Services provided SMJ Environmental with laborers to perform asbestos removal at construction sites

Congress takes second look at Homeowners' Defense Act

  • Jorden Burt LLP
  • -
  • USA
  • -
  • September 7 2009

On May 21, 2009, Representative Ron Klein (D-FL) introduced the Homeowners’ Defense Act of 2009 (H.R. 2555), which would provide federal support for state-sponsored insurance programs created to assist homeowners in the event of natural catastrophes

IRS provides guidance regarding life insurance contracts

  • Jorden Burt LLP
  • -
  • USA
  • -
  • September 7 2009

In Notice 2009-47, the IRS requests comments on a proposed safe harbor regarding the application of Internal Revenue Code (IRC) Sections 7702 (definition of life insurance) and 7702A (definition of modified endowment contracts) to life insurance contracts that continue after an insured attains age 100

Insurance regulatory reform update

  • Jorden Burt LLP
  • -
  • USA
  • -
  • September 7 2009

Market events over the last year have escalated the debate over the best form of regulation of insurance companies, insurance agencies, and insurance producers

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