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Results: 1-10 of 409

California federal court finds that issue of whether commutation terminated certain reinsurance contracts was for the arbitration panel to decide
  • Locke Lord LLP
  • USA
  • February 12 2010

Petitioner Sun Life Assurance Company of Canada ("Sun Life") moved to confirm an arbitration award against Respondents Liberty Mutual Insurance Company, Golden Eagle Insurance Corporation and San Diego Insurance Company


Federal Court enforces service of suit provision in reinsurance treaties, grants liquidator’s motion to remand lawsuit to state court
  • Locke Lord LLP
  • USA
  • February 16 2010

The Liquidator of Midland Insurance Company moved to remand to state court a lawsuit asserted against Dunav Re to recover for claims billed to Dunav Re by Midland under certain reinsurance treaties


Two more dismissals of Securities Act lawsuits against rating agencies
  • Locke Lord LLP
  • USA
  • February 19 2010

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York granted McGraw Hill and Moody's (together, the "Ratings Agencies") motions to dismiss in both Tsereteli v. Residential Asset Securitization Trust 2006-A8 et al. and In re: IndyMac Securities Litigation - but without issuing detailed written opinions


New York Insurance Department sets target date for Insurance Exchange revival (updated)
  • Locke Lord LLP
  • USA
  • February 10 2010

At the Insider Scope conference in London on February 10, 2010, New York Insurance Department (“NYID”) Superintendent James Wrynn announced that the NYID is targeting September 2010 for the publication of its action plan for the launch of the reconstituted New York Insurance Exchange (the “Exchange”


IIABNY to sue New York over producer compensation disclosure regulation
  • Locke Lord LLP
  • USA
  • February 17 2010

The New York Insurance Department published the final version of its regulation regarding the transparency of insurance producer compensation ("Regulation 194") in the New York State Register on February 10, 2010


Last week in DC: the healthcare reform debate February 22, 2010
  • Locke Lord LLP
  • USA
  • February 22 2010

With Congress in recess last week, the White House worked behind the scenes to craft a healthcare reform bill that will be used as a basis for moving forward during the bipartisan healthcare summit scheduled for this week


Rhode Island proposes new service of process regulation
  • Locke Lord LLP
  • USA
  • February 23 2010

The Rhode Island Division of Insurance (the "Division") has scheduled a public hearing for March 2, 2010 to discuss the adoption of Proposed Regulation 114


Medicare secondary payer reporting deadline extended
  • Locke Lord LLP
  • USA
  • February 25 2010

The Centers for Medicare & Medicaid Services ("CMS") has revised the timeline for non-group health plan ("NGHP") reporting under the Medicare secondary payer reporting provisions of Section 111 of the Medicare, Medicaid and SCHIP Extension Act of 2007 ("Section 111"


House introduces health insurance bill to repeal antitrust exemption
  • Locke Lord LLP
  • USA
  • February 24 2010

On Monday, February 22, Representatives Tom Perriello (D-Va.) and Betsy Markey (D-Colo.) introduced H.R. 4626, the Health Insurance Industry Fair Competition Act, to repeal the McCarran-Ferguson Act antitrust exemption for the business of health insurance


Business associate regulations effective; enforcement uncertain
  • Locke Lord LLP
  • USA
  • February 24 2010

New requirements making the HIPAA privacy and security rules applicable to business associates of healthcare entities became effective on February 17, 2010