Following the UK's decision to leave the European Union (EU) after its recent referendum vote, Dentons has formed a Brexit response team which is helping to guide clients through the legal and commercial risks and opportunities presented by this decision and the practical next steps they will need to take. This response team is available to offer advice and know-how to clients around the world as the UK transitions towards leaving the EU. Martin Mankabady is a key member of that team. Listen as he discusses what Brexit might mean for current commitments and future transactions in the insurance industry.


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Some of Wall Streets biggest banks split with the rest of the industry over suing the Department of Labor about its new fiduciary rule for retirement investment advice [Bloomberg]

The chair of the National Association of Insurance Commissioners cyber security task force said he wants to adopt a model law no later than this fall [Best's Insurance News & Analysis]

A number of commentators looked at the likely impact of the "Brexit" on the insurance industry [The Wall Street Journal] [Business Insurance]

The Financial Stability Oversight Council dropped GE Capital from its list of Systemically Important Financial Institutions [The Wall Street Journal]


A federal appeals court said the Obama administration must allow the sale of “fixed indemnity” insurance, generally a less comprehensive policy. [The New York Times]

Center for Medicare & Medicaid Services announced that it intends to focus on uninsured younger consumers for Affordable Care Act outreach [USA Today]

House Republicans unveiled their proposed replacement for the Affordable Care Act [The New York Times]

The New York Department of Financial Services sought changes in the federal Affordable Care Act risk adjustment program [The Wall Street Journal] [CNY Central]

Property & Casualty

A National Association of Insurance Commissioners is close to finalizing new large-deductible workers compensation requirements [WorkCompCentral]