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Iowa and Maryland adopt acts concerning credit for reinsurance

USA - May 22 2013 On April 24, 2013, the Iowa State Senate adopted a Credit for Reinsurance Act that becomes effective January 1, 2014. On March 20, 2013, the Maryland…

Eighth Circuit affirms dismissal of contract dispute between insurer and reinsurance broker

USA - May 20 2013 In a contract dispute between an insurer and its reinsurance broker on which we previously reported, the Eighth Circuit affirmed the district court's…

Connecticut Insurance Department issues practical guidance regarding its credit for reinsurance law

USA - May 9 2013 As previously reported on this blog, the Connecticut Insurance Department amended its Credit for Reinsurance law to align with the NAIC Credit for…

En banc Ninth Circuit holds arbitration clause is not unconscionable, following Concepcion

USA - May 6 2013 Former students of a failed flight-training school brought a putative class action against the bank that originated their student loans and the loan…

Reinsurance dispute settlements

USA - April 25 2013 Following are summaries of three recently announced settlements of reinsurance-related disputes. Mortgage insurance dispute - This class action suit…