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Recent Developments in the Federal Insurance Office

USA - June 20 2018 New Director Likely to Be Named. It is being reported that the Treasury Department is about to name Steve Dreyer, who just retired this month from S&P...

Brandon C. Roman, Mary Jo Hudson.


Florida Office of Insurance Regulation Issues Emergency Order Post Hurricane Irma

USA - September 14 2017 On September 4, 2017, Florida’s Governor, Rick Scott, declared a state of emergency in every county in Florida in anticipation of Hurricane Irma...

Emily Mikes, Martha S. Sullivan.


Illinois federal court fails to find genuine issue of bad faith in indemnity reinsurance transaction

USA - September 1 2017 An Illinois federal court granted a motion for summary judgment on the ground that the insurer's conduct in selling its retirement administration...

Larry P. Schiffer, Joe Jones, Tania Rice, Kelly Mihocik, Doug Anderson.


Illinois Federal Court Dismisses Claims Against Captive Reinsurer

USA - September 1 2017 An Illinois federal court dismissed claims by an insurer under state Rehabilitation against a captive reinsurer and originating bank concerning...

Larry P. Schiffer, Joe Jones, Tania Rice, Kelly Mihocik, Doug Anderson.


Fourth Circuit affirms denial of motion to compel arbitration but directs district court to determine reinsurance contract question

USA - September 1 2017 The Fourth Circuit Court of Appeals affirmed in part and denied in part a decision denying a motion to compel arbitration and a finding of waiver concerning the characterization of a reinsurance participation agreement....

Larry P. Schiffer, Joe Jones, Tania Rice, Kelly Mihocik, Doug Anderson.