Mondaq USA: Insurance > Reinsurance
Carlton Fields
Effective July 24, 2018, New Mexico adopted the NAIC Credit for Reinsurance Model Regulation. New Mexico adopted the Model Rule as "part of a broad effort to modernize reinsurance regulation ...
Carlton Fields
The follow the fortunes (or follow the settlements) doctrine has been an important part of many reinsurance relationships.
Carlton Fields
The court refused to "look behind" and nullify that agreement based on defendant's allegations, particularly where there were no allegations of fraud or mistake in the issuance of the note.
Carlton Fields
Capitol Life Insurance Co. partially prevailed, and partially failed, its effort to overturn unfavorable grants of summary judgment in a recent dispute regarding an annuity policy written by Capitol.
Carlton Fields
We have previously reported on the NAIC's strategy of assisting the states in the implementation of the Covered Agreement through revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation ("the Models").
Carlton Fields
On July 31, 2018, President Trump signed the National Flood Insurance Program Extension Act of 2018.
Carlton Fields
The Florida federal court agreed with IRM, noting that under Florida law, "an agent for a disclosed insurer is not liable to the insured on the insurance contract."
McDermott Will & Emery
A captive insurance and self-procurement tax law is awaiting the governor's signature in Illinois. This new business-friendly law may provide a substantially improved environment
Carlton Fields
O'Connell Landscape Maintenance, Inc. (O'Connell) and Applied Underwriters Captive Risk Assurance Co. (AUCRA) entered into a reinsurance participation agreement (RPA).
Carlton Fields
The transaction, which was originally targeted to be a $275 million placement, grew to $500 million based on strong investor demand.
Carlton Fields
Plaintiff AGL Industries, Inc. (AGL), a steel fabrication and erection business, enrolled in a workers' compensation insurance policy with Defendant Continental Indemnity Company and a reinsurance participation agreement (RPA) with Defendant Applied Underwriters Captive Risk Assurance Company, Inc. After Continental canceled the workers' compensation insurance policy, ...
Carlton Fields
In this case, the ceding company, VIP Universal Medical Insurance Group Ltd. ("VIP"), brought an action in Florida federal court against its reinsurer, BF&M Life Insurance Company Ltd. ("BF&M") ...
Mintz
New Jersey's request, which was submitted on July 2nd, 2018, is summarized below.
Carlton Fields
A tax court judge in New Jersey has handed Johnson & Johnson (J&J), and likely other New Jersey-based businesses that operate captive insurers, a significant loss in an opinion interpreting...
Carlton Fields
On July 13, 2018 Alaska became the last state to incorporate amendments to the NAIC Credit for Reinsurance Model Law into its insurance code when Governor Bill Walker (I) signed House Bill 401...
Mintz
States are increasingly looking for ways to improve stability in their individual insurance marketplaces.
Mintz
Welcome back. This is the first of three weeks when the Senate is in session while the House is out on its five-week summer recess. It is highly unusual for one chamber...
Carlton Fields
These exposure drafts further the implementation of the Covered Agreement discussed at the NAIC's February 20, 2018 public hearing.
Carlton Fields
The court also considered Munich's motion to preclude certain testimony by Utica's expert witnesses regarding trade usage and custom and practice in the reinsurance industry.
Carlton Fields
We previously reported on the Texas Legislature's passage in 2017 of Senate Bill 1070, which reduced collateral requirements for foreign reinsurers in order for domestic insurers to receive
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McDermott Will & Emery
A captive insurance and self-procurement tax law is awaiting the governor's signature in Illinois. This new business-friendly law may provide a substantially improved environment
Carlton Fields
The transaction, which was originally targeted to be a $275 million placement, grew to $500 million based on strong investor demand.
Carlton Fields
O'Connell Landscape Maintenance, Inc. (O'Connell) and Applied Underwriters Captive Risk Assurance Co. (AUCRA) entered into a reinsurance participation agreement (RPA).
Carlton Fields
In this case, the ceding company, VIP Universal Medical Insurance Group Ltd. ("VIP"), brought an action in Florida federal court against its reinsurer, BF&M Life Insurance Company Ltd. ("BF&M") ...
Carlton Fields
The Florida federal court agreed with IRM, noting that under Florida law, "an agent for a disclosed insurer is not liable to the insured on the insurance contract."
Carlton Fields
Plaintiff AGL Industries, Inc. (AGL), a steel fabrication and erection business, enrolled in a workers' compensation insurance policy with Defendant Continental Indemnity Company and a reinsurance participation agreement (RPA) with Defendant Applied Underwriters Captive Risk Assurance Company, Inc. After Continental canceled the workers' compensation insurance policy, ...
Carlton Fields
The court refused to "look behind" and nullify that agreement based on defendant's allegations, particularly where there were no allegations of fraud or mistake in the issuance of the note.
Carlton Fields
The follow the fortunes (or follow the settlements) doctrine has been an important part of many reinsurance relationships.
Carlton Fields
Capitol Life Insurance Co. partially prevailed, and partially failed, its effort to overturn unfavorable grants of summary judgment in a recent dispute regarding an annuity policy written by Capitol.
Carlton Fields
Effective July 24, 2018, New Mexico adopted the NAIC Credit for Reinsurance Model Regulation. New Mexico adopted the Model Rule as "part of a broad effort to modernize reinsurance regulation ...
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