The US National Association of Insurance Commissioners (“NAIC”) held its National Fall Meeting from December 12 through December 16. Check out Mayer Brown’s updates from the US NAIC Fall 2022 National Meeting. Read More... … [Read More...] about US NAIC Fall 2022 National Meeting Highlights
Main Content
Regulatory
New York Department of Financial Services Looks to Raise the Floor — Again — on Cybersecurity Regulation
Already considered among the most rigorous cybersecurity requirements for financial services companies, the existing New York Department of Financial Services (“NY DFS”) Cybersecurity Regulation (the “Regulation”) set the standard for a scalable and … [Read More...] about New York Department of Financial Services Looks to Raise the Floor — Again — on Cybersecurity Regulation
DARAG acquires North American captive insurance company for $30mn
Legacy acquirer, DARAG Group concluded a new agreement with an undisclosed captive insurance company, with a transaction value of approximately $30 million. The transaction, written into DARAG Bermuda, allows the original insurer full legal … [Read More...] about DARAG acquires North American captive insurance company for $30mn
Legal
Third Circuit Dismisses Chapter 11 Filing by Johnson & Johnson Subsidiary Formed to Segregate Talc Liabilities
In a closely watched decision, the Court of Appeals for the Third Circuit ordered the dismissal of the Chapter 11 petition of LTL Management, LLC, the entity created by Johnson & Johnson to hold J&J’s talc-related liabilities in a divisional … [Read More...] about Third Circuit Dismisses Chapter 11 Filing by Johnson & Johnson Subsidiary Formed to Segregate Talc Liabilities
Recent Judicial Interpretations of Facultative Certificates
I. Introduction Most reinsurance disputes are resolved in private before panels of industry experts, who are experienced in the unique practices, nomenclature, and statutory accounting that comprise the business of insurance and reinsurance. … [Read More...] about Recent Judicial Interpretations of Facultative Certificates
Events
Fortitude Re named AIRROC Team of the Year for 2022
The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has selected Fortitude Re as the recipient of their annual award for 2022. … [Read More...] about Fortitude Re named AIRROC Team of the Year for 2022
COVID Coverage Litigation and Its Variants: Where We Are Now and What Lies Ahead
The afternoon education sessions began with COVID Coverage Litigation and Its Variants: Where We Are Now and What Lies Ahead, presented by Julie … [Read More...] about COVID Coverage Litigation and Its Variants: Where We Are Now and What Lies Ahead
Emerging Claims
Insurers need to change business models to drive climate resiliency, report shows
New research published from Capgemini and Efma’s recent World Property and Casualty Insurance Report reveals that climate change is hurting the … [Read More...] about Insurers need to change business models to drive climate resiliency, report shows
Climate Change and Reinsurance
Climate change is an existential risk to human life. But, before we get to life as we know it potentially disappearing, this commentary will discuss … [Read More...] about Climate Change and Reinsurance
