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South Korea Moves Closer to Qualified Jurisdiction Status

South Korea - June 10 2021 Last week, the Reinsurance (E) Task Force (“Task Force”) of the National Association of Insurance Commissioners (“NAIC”) exposed for public comment…

Yuliya Feldman, Lawrence R. Hamilton.

AM Best Proposes Offering Assessments of MGAs/MGUs and Program Administrators

USA - March 19 2021 Turning its attention to the growing role of managing general agents and similar entities appointed by insurers and reinsurers, independent insurance…

Paul P. Chen, Stephanie Duchene, David Heales.

COVID-19 Impact on Insurtech: Considerations for Insurtech Companies, Their Investors and Traditional Insurers

USA - May 12 2020 While the COVID-19 crisis has many insurtech players reconsidering their short-term needs and longterm strategies, what has not changed is the…

Paul P. Chen, Stephanie Duchene, Lily Song.

NYDFS Instructs Insurers to Provide COVID-19 “Explanation of Benefits” for All Business Interruption Coverage and Report to NYDFS on Operational and Financial Preparedness

USA - March 12 2020 The New York Department of Financial Services (NYDFS) issued two broad communications to the insurance industry on Tuesday, March 10…

Kara Baysinger, Stephanie Duchene, Matthew J. Gaul, Philip A. Goldstein, Lawrence R. Hamilton, David Heales, Francis R. Monaco, Sanjiv J. Tata.

US-EU Covered Agreement Signed

European Union, USA - September 27 2017 On September 22, 2017, nearly two years after negotiations began, the US Department of the Treasury, the US Trade Representative and the European…

Colin Scagell, Lawrence R. Hamilton, Jay A. Kallas, Francis R. Monaco.