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Results: 1-10 of 47

EU sanctions against Iran - extended for insurers, reinsurers and brokers

  • Herbert Smith Freehills LLP
  • -
  • European Union, Iran
  • -
  • April 2 2012

The EU's on-going concern about Iran's nuclear program has led to the implementation of further measures designed to bring economic pressure to bear upon the Iranian regime

EU sanctions on Iran

  • Hogan Lovells
  • -
  • European Union, Iran
  • -
  • August 9 2010

On 26 July 2010, the European Union ("EU") adopted a set of new wide-reaching sanctions against Iran, which are of particular interest to companies in the financial services (including insurance), oil and gas, and transportation sectors

New York Department of Financial Services looks at non-US reinsurers’ compliance with Iran sanctions law

  • Steptoe & Johnson LLP
  • -
  • Iran, USA
  • -
  • July 2 2013

For a state regulator, the New York Department of Financial Services ("DFS" or the "Department") has demonstrated an unusual interest in enforcing

New OFAC sanctions in the insurance industry

  • Edwards Wildman Palmer LLP
  • -
  • Iran
  • -
  • April 27 2011

On April 26, 2011 the Office of Foreign Assets Control ("OFAC") reported that another insurance company has been sanctioned for violating the Iranian Transactions Regulations

The Iran Threat Reduction Act insurers and reinsurers beware

  • Eversheds LLP
  • -
  • Iran, Syria, USA
  • -
  • September 27 2012

The Iran Threat Reduction and Syria Human Rights Act, the latest in an ever expanding arsenal of US-based long-arm jurisdiction statutory instruments, was passed into law on 10 August 2012, following extensive negotiation in the US legislature

California Department of Insurance settles suit over Iran investments

  • Barger & Wolen LLP
  • -
  • Iran, USA
  • -
  • February 6 2012

On January 27, the California Department of Insurance (“DOI”) issued a news release that it had reached a settlement in its lawsuit that sought to require insurers to disclose investments in companies doing business with Iran

Iran's shipping industry suffers as foreign insurers withhold coverage

  • Edwards Wildman Palmer LLP
  • -
  • Iran
  • -
  • July 28 2010

According to a recent article in the Washington Post, "Tehran's ability to ship vital goods has been significantly curtailed as some of the world's most powerful Western insurance companies cut off Iranian shippers out of fear that they could run afoul of U.S. laws, the insurers say."

Federal legislative update Iran sanctions

  • Jorden Burt LLP
  • -
  • Iran, USA
  • -
  • December 22 2009

A recent bill passed by the U.S. House of Representatives that expands U.S. economic sanctions targeted at Iran’s refined petroleum resources could have significant implications for the insurance and reinsurance industry

New York initiates investigations into possible violations of the latest U.S. sanctions against Iran

  • Edwards Wildman Palmer LLP
  • -
  • Iran, USA
  • -
  • July 12 2013

The New York Department of Financial Services ("DFS") has recently begun a string of new investigations into possible violations by non-U.S

New Iran sanctions target petroleum and financial services industries

  • Arent Fox LLP
  • -
  • Iran, USA
  • -
  • July 1 2010

Both the petroleum industry and financial services industry need to closely examine their international operations in light of new Iranian sanctions that will be signed into law today by President Barack Obama