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Florida amends rating and approval process to exclude certain commercial lines
  • Locke Lord LLP
  • USA
  • May 5 2010

On Friday, April 30, 2010, the Florida Legislature approved S.B. 2176, which excludes the following lines of insurance from the rate filing and approval requirements in Fla. Stat. 627.062(2)(a) and (f


National Flood Insurance Program may be reinstated this week
  • Locke Lord LLP
  • USA
  • April 14 2010

The National Flood Insurance Program (the "NFIP") expired March 28, 2010


House passes surplus lines and reinsurance reform bill
  • Locke Lord LLP
  • USA
  • September 10 2009

On September 9, 2009, the U.S. House of Representatives passed the Non-admitted and Reinsurance Reform Act of 2009, H.R. 2571 (the “NRRA”), marking the third time the House has passed a version of the NRRA


New York expands export list
  • Locke Lord LLP
  • USA
  • September 4 2009

The recently proposed Eleventh Amendment (the “Amendment”) to Regulation 41 (11 NYCRR 27), which governs the standards for excess lines placement, became effective on September 2, 2009


Connecticut Supreme Court finds automobile insurance policy language ambiguous
  • Locke Lord LLP
  • USA
  • September 3 2009

The Connecticut Supreme Court recently reversed a judgment that had been in favor of an automobile insurer in a breach of contract action brought by glass repair companies who had been assigned the rights of the defendant’s insureds


Mark Cuban demands that the SEC pay his legal fees
  • Locke Lord LLP
  • USA
  • September 4 2009

On November 17, 2008, the Securities and Exchange Commission charged Dallas Mavericks' owner, Mark Cuban, with insider trading


The Eleventh Circuit finds subject matter jurisdiction over “F-Cubed” plaintiffs
  • Locke Lord LLP
  • USA
  • September 4 2009

The Eleventh Circuit Court of Appeals has found that the district court has subject matter jurisdiction over securities claims brought by “F-Cubed” plaintiffs i.e., a foreign investors who purchased shares in a foreign company on a foreign stock exchange


New Vermont Captive Insurance Association President
  • Locke Lord LLP
  • USA
  • September 16 2009

Following a nation-wide search, Michael Bemi, Chair of the Vermont Captive Insurance Association (the "VCIA") Board of Directors, recently announced that the VCIA has selected Richard Smith as the new President of the VCIA


Secondhand asbestos lawsuit settled after decision by Tennessee Supreme Court
  • Locke Lord LLP
  • USA
  • September 16 2009

As previously discussed here, and here, the estate of Amanda Satterfield brought suit against Alcoa for her death from mesothelioma at the age of 25


New compensation disclosure requirements proposed for New York insurance producers
  • Locke Lord LLP
  • USA
  • September 15 2009

After months of discussion with industry and consumer groups, the New York Insurance Department (the "Department") released yesterday proposed regulations creating an obligation on the part of insurers to disclose information about producer compensation to purchasers