In our overview of the top issues facing the insurance industry, we note that carriers need to do a better job of fully committing to and funding their strategies. This commitment naturally extends to identifying the kinds of skills and attributes they want in their employees. This kind of prioritization may sound obvious, but most carriers are trying to catch up to their … [Read more...] about Insurers can win the war for talent—if they tell their story
Regulatory
Senate Banking Committee Chair Urges FIO and the NAIC to Monitor Private Equity and Affiliated Offshore Reinsurance
Earlier this month, United States Senator Sherrod Brown (D-OH), Chair of the Banking, Housing, and Urban Affairs Committee, urged the Federal Insurance Office (FIO) and the National Association of Insurance Commissioners (NAIC) to examine the increasing role of private equity and alternative investment classes in the life insurance market as well as offshore reinsurance. The … [Read more...] about Senate Banking Committee Chair Urges FIO and the NAIC to Monitor Private Equity and Affiliated Offshore Reinsurance
Just Decided – New Jersey Supreme Court: Insurers Can Look to Extrinsic Evidence to Deny a Defense
Last week, the New Jersey Supreme Court decided Norman International, Inc. v. Admiral Insurance Company, No. 086155 (N.J. Aug. 11, 2022). At issue was coverage for a work-site injury and the interpretation of a policy exclusion for operations or activities performed by an insured in certain counties in New York. The case is significant in terms of addressing causation for … [Read more...] about Just Decided – New Jersey Supreme Court: Insurers Can Look to Extrinsic Evidence to Deny a Defense
NextGen Task Force Corner
On May 18, NextGen Task Force member Grant Donkervoet moderated an AIRROC educational event discussing the three dimensions of alternative dispute resolutions (“ADR”). Panelists Bill Goldsmith from AIG, Teresa Snider from Porter Wright Morris & Arthur, LLP and Peter Scarpato, joined Grant. The panelists covered the full path of ADRs starting with negotiations, moving to … [Read more...] about NextGen Task Force Corner
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 Nevins, Partner, Stroock Stroock & Lavan; Erika Lopes-McLeman, Partner, Dentons; and Kelly Lloyd Lankford, Counsel, Dentons. Like the virus itself, the coverage litigation of COVID-related insurance claims has been quickly evolving … [Read more...] about COVID Coverage Litigation and Its Variants: Where We Are Now and What Lies Ahead
