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Results:1-10 of 41

NAIC adopts reinsurance collateral reduction amendments to credit for Reinsurance Model Law and Model Regulation
  • Jorden Burt LLP
  • USA
  • November 15 2011

On November 6, 2011, the NAIC Executive Committee-Plenary adopted revisions to the NAIC’s Credit for Reinsurance Model Law (785) and Credit for Reinsurance Model Regulation (786).


Reinsurer’s request to belatedly amend “imprecise” pleading denied due to lack of diligence
  • Jorden Burt LLP
  • USA
  • September 6 2011

Employers Reinsurance Corporation was denied a request to correct “imprecise” language in its answer and counterclaim in a suit brought against it by a medical malpractice insurer for failing to fund a settlement of a lawsuit against one of the malpractice insurer’s covered physicians


Injunction issued to prevent writing or amending reinsurance risks pursuant to binding authority pending arbitration
  • Jorden Burt LLP
  • USA
  • May 31 2011

The US District Court for the Eastern District of New York recently adopted the US Magistrate's Report and Recommendation, granting United Insurance Company's Motion in Aid of Arbitration for a Preliminary Injunction.


Potential intraclass conflict does not defeat Illinois class action
  • Jorden Burt LLP
  • USA
  • May 17 2011

In Mezyk v. U.S. Bank Pension Plan (Feb. 11, 2011), the U.S. District Court for the Southern District of Illinois certified a class of over 8,000 participants in U.S. Bancorp’s pension plan.


More action on state reinsurance collateral requirements
  • Jorden Burt LLP
  • USA
  • May 17 2011

New Jersey's governor has signed into law a new bill authorizing reduced reinsurance collateral requirements for qualifying reinsurers that meet certain financial and regulatory standards.


Abuse of discretion standard of review applied to plan amendment decision
  • Jorden Burt LLP
  • USA
  • March 30 2011

As a result of a Plan amendment, a participant in a multi-employer employee benefit pension plan issued pursuant to a collective bargaining agreement (CBA), found that occupational disability benefits he had received for fifteen years were terminated.


Filing could force SEC to take position on Harkin Amendment
  • Jorden Burt LLP
  • USA
  • March 30 2011

The Harkin Amendment requires the SEC to treat indexed products as exempt securities if they meet specified conditions.


State reinsurance and captive developments
  • Jorden Burt LLP
  • USA
  • March 3 2011

The following are select State bills relevant to the areas of reinsurance and captive insurance.


SEC re-proposes security ratings changes
  • Jorden Burt LLP
  • USA
  • February 10 2011

On February 9, 2011, the SEC unanimously voted to re-propose rule amendments that would eliminate security ratings as a condition for "short form" registration.


Department of Labor proposes to amend the qualified default investment alternative regulation
  • Jorden Burt LLP
  • USA
  • December 2 2010

The Department of Labor has issued a proposed regulation that would add additional disclosure requirements related to target date retirement funds ("TDFs") and other similar investments offered in 401(k)-type pension plans by amending the qualified default investment alternative ("QDIA") regulation and the participant-level disclosure regulation.