New research published from Capgemini and Efma’s recent World Property and Casualty Insurance Report reveals that climate change is hurting the insurance industry, and that insurers need to change their business models to achieve climate … [Read More...] about Insurers need to change business models to drive climate resiliency, report shows
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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
The Real Issue In The Sex In A Car Case That Everyone Is Talking About
And Now for Something Completely Different…Auto Insurer Covers Insured’s Dashboard Dalliance?? In M.O. v. GEICO General Ins. Co. No. WD84722 (Mo. Ct. App. June 7, 2022), a Missouri appellate court has confirmed a $5.2M arbitration award against … [Read More...] about The Real Issue In The Sex In A Car Case That Everyone Is Talking About
Arbitration in the Courts
Absent diversity of citizenship, federal courts lack jurisdiction over petitions to confirm or vacate domestic arbitration awards, even where the underlying claims arise under federal law. U.S. Federal courts are courts of limited jurisdiction, … [Read More...] about Arbitration in the Courts
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
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
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
