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Results: 1-10 of 387

California Department of Insurance settles suit over Iran investments
  • Hinshaw & Culbertson 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


Aon Energy settles with OFAC after alleged sanctions violations
  • Locke Lord LLP
  • Iran, USA
  • February 15 2011

Aon International Energy, Inc. ("Aon Energy") has entered a $36,000 settlement with the Office of Foreign Assets Control ("OFAC") after allegations that the broker violated the Iranian Transactions Regulations


New OFAC sanctions in the insurance industry
  • Locke Lord 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


Insurance: economic sanctions against Iran
  • CMS Cameron McKenna
  • European Union, Iran, United Kingdom, USA
  • January 26 2016

The recent relaxation of sanctions against Iran opens up opportunities in a potentially significant market for London Market (re)insurers


Iran Monthly Update - February 2016
  • Herbert Smith Freehills LLP
  • Canada, Germany, Ghana, Iran, Italy, Japan, Russia
  • February 22 2016

This update aims to provide a brief overview of key developments which have occurred in Iran during the past month and to highlight areas of future


Iran sanctions: guidance for insurers, reinsurers and brokers, February 2016
  • Holman Fenwick Willan LLP
  • Iran, USA
  • February 23 2016

Insurers, reinsurers and brokers will be looking carefully at the latest Iran sanctions developments to see whether the sanctions relief presents an


IFCPA potentially expands US sanctions against Iran to non-US insurers and reinsurers
  • Locke Lord LLP
  • Iran, USA
  • May 29 2013

President Obama signed the National Defense Authorization Act for Fiscal Year 2013 into law in January 2013, which includes a section entitled the


California Office of Administrative Law disallows insurance department rule on Iranian investments
  • Hinshaw & Culbertson LLP
  • Iran, USA
  • October 12 2010

Yesterday afternoon, the California Office of Administrative Law ("OAL") issued a decision finding that a rule adopted by California Department of Insurance ("CDI") to restrict insurers' investment in companies that do business with Iran was an improper "underground" regulation


Lloyd's Market drafts exclusion to ensure compliance with Iran sanctions
  • Locke Lord LLP
  • Iran, USA
  • August 23 2010

As previously reported in this blog, President Obama signed into law the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (the "Iran Sanctions Act") in July, following the less stringent sanctions passed earlier by the U.N


An update on the lifting of sanctions against Iran
  • DWF LLP
  • European Union, Iran, USA
  • March 18 2016

With Iran’s impressive oil and gas output, the marine and energy sectors are regarded as important areas of focus for Insurers and Reinsurers. As a