We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 95

Delaware Department of Insurance establishes Captive Bureau
  • Locke Lord LLP
  • USA
  • August 19 2009

On August 4, 2009, Delaware Insurance Commissioner Karen Weldin Stewart announced that the Department of Insurance (the "Department") has established the new Bureau of Captive and Financial Insurance Products (the "Bureau") to dedicate more resources to the regulation of captives and make the regulatory process more efficient


Governor Paterson announces appointment of New York Superintendent of Insurance
  • Locke Lord LLP
  • USA
  • August 18 2009

On August 14, 2009, Governor Paterson announced the appointment of James J. Wrynn to serve as Superintendent of the New York State Insurance Department (the “Department”


Amended Massachusetts security regulations and extension of effective date
  • Locke Lord LLP
  • USA
  • August 18 2009

On August 17, 2009, the Massachusetts Office of Consumer Affairs and Business Regulation (the “OCABR”) issued a press release announcing important amendments to 201 CMR 17.00: Standards for the Protection of Personal Information of Residents of the Commonwealth (the “Regulations”), and a third extension of its effective date from January 1, 2010 to March 1, 2010


Administration’s final regulatory reform proposal released
  • Locke Lord LLP
  • USA
  • August 17 2009

The Obama Administration unveiled the final portion of its sweeping financial regulatory reform effort last week, when the Treasury Department released its over-the-counter (OTC) derivatives proposal


Bipartisan agreement on healthcare reform remains elusive; Democrats considering splitting bill into two pieces
  • Locke Lord LLP
  • USA
  • August 21 2009

The first half of the month-long congressional recess has significantly dimmed hopes for a bipartisan agreement on healthcare reform in the Senate, due to contentious, rancorous town hall meetings and new polls suggesting eroding public support for the Democrats’ healthcare reform proposals


New York issues proposed regulation to establish minimum standards for determining reserve liabilities and nonforfeiture values for preneed life insurance
  • Locke Lord LLP
  • USA
  • August 21 2009

The New York Insurance Department issued proposed Regulation No. 192 (11 NYCRR) (the “Proposed Regulation”) establishing minimum reserve and nonforfeiture standards for preneed life insurance policies (i.e. policies that provide a prearrangement agreement for goods and services to be provided upon the death of the insured


Chinese drywall senators seek expansion of federal assistance for impacted homeowners
  • Locke Lord LLP
  • USA
  • August 24 2009

Florida Senator Bill Nelson recently sent a letter to President Obama asking the administration to streamline federal assistance available to homeowners with allegedly tainted Chinese drywall


Michigan's House Insurance Committee advances “bad faith” legislation
  • Locke Lord LLP
  • USA
  • August 25 2009

On August 19, 2009, Michigan's House Insurance Committee advanced the package of "bad faith" bills (House bills 4244, 4844, 4858, 5020, 5144-5151) by voting to toughen penalties for insurance companies that deny or delay valid claims


Second Circuit upholds dismissal for advisor who recommended Bayou Group hedge fund
  • Locke Lord LLP
  • USA
  • July 21 2009

In a highly anticipated decision, the United States Court of Appeals for the Second Circuit affirmed last week that investment advisor Hennessee Group LLC could not be liable on the claims asserted by one of its clients for recommending that the client invest in a hedge fund that turned out to be nothing more than a Ponzi scheme perpetrated by Bayou Group LLC


White House proposes SEC registration and oversight of private equity, venture capital and hedge fund advisors
  • Locke Lord LLP
  • USA
  • July 21 2009

The White House proposed legislation to Congress last week that would require investment advisors to private equity, venture capital and hedge funds with more than $30 million in assets under management to register with the Securities and Exchange Commission (SEC