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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…

David W. Alberts, Paul P. Chen, Stephanie Duchene

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…

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

New York Issues Information Request on Use of Big Data in Life Insurance Underwriting

USA - July 5 2017 The New York Department of Financial Services (NYDFS) continued the steady drumbeat toward regulation of insurers' use of Big Data on June 29, 2017…

David W. Alberts, Lawrence R. Hamilton, Jay A. Kallas, Francis R. Monaco