Frederic M. Garsson

Frederic M. Garsson

Saul Ewing LLP

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New York Considers Changes to Proposed ERM and ORSA Regulation

Based on industry comments, the New York Department of Financial Services (the “NYDFS”) is strongly considering making a number of changes to its proposed Regulation 203, concerning Enterprise Risk Management (“ERM”) and Own...more

4/1/2014 - Department of Financial Services ORSA Risk Management Trade Secrets

New York Proposes ERM and ORSA Regulation

The New York Department of Financial Services (“DFS”) has proposed a new insurance regulation that details the requirements associated with adopting an enterprise risk management (“ERM”) function, conducting an annual Own...more

1/28/2014 - Enterprise Risks Risk Assessment Risk Management

FIO Recommends Additional Federal Involvement in the Regulation of Insurance

The Federal Insurance Office’s Report to Congress on “How to Modernize and Improve the System of Insurance Regulation in the United States” recommends additional federal involvement in the regulation of insurance. ...more

12/13/2013 - Federal Insurance Office Insurers Proposed Regulation Uniformity

New York Insurance Holding Company Regulation Amendments to take effect on June 23, 2013

The New York Department of Financial Services has adopted amendments to its insurance holding company regulation, which are intended to (i) harmonize the regulation to the NAIC’s Model Insurance Holding Company System...more

5/3/2013 - Accreditation Insurance Holding Company Insurers NAIC Proposed Amendments

New York Promulgates Emergency Mediation Regulation for Storm Sandy Claimants

New York licensed insurers are now required to participate in nonbinding mediations with certain Storm Sandy claimants who have disputed or unresolved claims. Insurers are required to send notices of the mediation option at...more

3/4/2013 - Hurricane Sandy Insurers Mediation

For Your Information...Five things insurers need to know before doing an insurance business in New York by Frederic M. Garsson

Originally published in Best's Review - November 2012. Many insurers that are not authorized to do an insurance business in New York are interested in entering, to some extent, the New York insurance market. Insurers,...more

12/6/2012 - Licenses New York Insurance Market

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