In late December 2021, the U.S. Court of Appeals for the Second Circuit issued a blockbuster decision grappling with the Erie doctrine, stare decisis, and overturning a decades-old precedent. It was the fourth appellate decision in a lengthy … [Read More...] about The End of ‘Bellefonte’: ‘Global Re’ and the Proper Reading of Facultative Reinsurance Contracts
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Regulatory
NY DFS Issues Circular Letter Addressing Acquisitions and Disclaimers of Control
On April 19, 2022, the New York Department of Financial Services (“NY DFS”) issued Insurance Circular Letter No. 5 (2022) (the “Letter”). The Letter, entitled “Acquisitions of Control and Disclaimers of Control”, was addressed to all New York … [Read More...] about NY DFS Issues Circular Letter Addressing Acquisitions and Disclaimers of Control
The End of Collateral for Non-US Reinsurers Is Here; An UPDATE on “Reciprocal Reinsurers”
As we previously reported a year ago, the National Association of Insurance Commissioners (NAIC) adopted amendments to the Credit for Reinsurance Model Law (#785) and Credit for Reinsurance Model Regulation (#786) to implement the certain … [Read More...] about The End of Collateral for Non-US Reinsurers Is Here; An UPDATE on “Reciprocal Reinsurers”
Legal
Florida and Punitive Damages
Have you noticed an influx of hearings in Florida to add punitive damages to complaints lately? Here's why: Asserting a punitive damages claim is a strategy often utilized by plaintiffs to obtain financial discovery from commercial defendants to … [Read More...] about Florida and Punitive Damages
2 High Court Cases That Can Alter Arbitration Playing Field
Each year, the U.S. Supreme Court faces a large number of certiorari petitions seeking review of a wide variety of civil disputes. The court in recent years has consistently found room on its docket to address disputes regarding the Federal … [Read More...] about 2 High Court Cases That Can Alter Arbitration Playing Field
Events
AIRROC Reunites in October in Jersey City!
We are looking forward to being BACK IN PERSON and seeing all of our legacy colleagues! Register today for AIRROC NJ 2021 – Legacy Transactions and … [Read More...] about AIRROC Reunites in October in Jersey City!
Embedding Racial Equity in the Insurance Industry
On April 21, 2021, AIRROC was thrilled to host a webinar during which a panel of experts in the field of diversity, equity and inclusion (“DEI”) … [Read More...] about Embedding Racial Equity in the Insurance Industry
Emerging Claims
5 Liability Risk Trends: 2020 and Beyond
The range of exposures facing corporates, as well as subsequent loss and claims scenarios, have increased significantly in recent years with rising … [Read More...] about 5 Liability Risk Trends: 2020 and Beyond
MSAs Stalling Settlement? Proactive Strategies to Reduce MSA
Just about every workers’ compensation (WC) payer has them -- claims that remain unsettled due to high Medicare set-aside (MSA) allocation projections … [Read More...] about MSAs Stalling Settlement? Proactive Strategies to Reduce MSA
