News & Analysis as of

Insurance Reform

Baker Administration Submits Revised Health Care Proposal to Legislature

On Tuesday June 20, the Baker Administration submitted to the legislature a package of insurance reforms and assessments for inclusion in the FY2018 budget. The proposal represents the most recent plan aimed at curbing rising...more

No-Fault vs. health insurance: What’s the better choice for crash victims?

by Michigan Auto Law on

Health insurance is full of landmines for unsuspecting car crash victims, who are subject to ‘auto exclusions,’ coverage limitations, managed care, HMOs and medical pre-approval requirements and ERISA liens....more

Duggan’s new D-Insurance plans will be great for the auto accident lawyers, but terrible for everyone else

by Michigan Auto Law on

Does Mayor Duggan want to ‘repeal and replace’ Michigan’s auto No Fault law? Does Detroit Mayor Mike Duggan want to scrap Michigan’s auto No Fault law? Last night, during his State of the City address, the mayor...more

Five things you should know about the Insurance Act 2015

by DLA Piper on

The Insurance Act 2015 (the Act) comes into force on 12 August 2016. It has been described by the government as "the biggest reform to insurance contract law in more than a century" and will apply, by default, to commercial...more

Alberta Government Updating 2004 Auto Insurance Reforms

by Field Law on

The Alberta government has announced that it is in the process of updating the regulations involved in the 2004 auto insurance reform, namely the Minor Injury Regulation, Alta Reg 123/2004; the Diagnostic and Treatment...more

Insurance Review (Australia) - February 2015

by DLA Piper on

In This Issue: - REGULATORY: - The Financial System Inquiry - Insurance Reform In The UK - CYBER: - Top Five Privacy And Cyber Predictions, Trends And Issues Impacting Insurers In 2015 And...more

Government announces initiatives to reduce insurance costs in North Queensland

by DLA Piper on

The Finance Minister, Mathias Cormann, has announced the establishment of a comparison website for home building and home contents insurance products for the North Queensland market. The site is designed for consumers to be...more

The ALI Converts Its “Principles of the Law of Liability Insurance” Project into a “Restatement” Project

by Nelson Brown & Co. on

The American Law Institute (ALI) recently announced its decision to convert its “Principles of the Law of Liability Insurance” project into a “Restatement” project—a move that will substantially magnify the project’s...more

Indonesia’s New Insurance Law

by White & Case LLP on

On 23 September 2014, Indonesia’s parliament (the “DPR”) passed the insurance bill into law (the “New Insurance Law”). The New Insurance Law is awaiting the signature of the President and therefore has not been officially...more

California Insurance-Related Bills Signed into Law

by Hinshaw & Culbertson LLP on

September 30, 2014, was the deadline for Governor Jerry Brown to take action on bills passed by the California Legislature during the 2014 regular legislative session. Here are summaries of noteworthy insurance-related bills...more

Hawaii Enacts NAIC-Recommended Revisions To Credit For Reinsurance Law

by Carlton Fields on

Hawaii’s House/Senate conference committee cleared the way for passage by the full houses of NAIC’s Model Act on Credit for Reinsurance, to address NAIC’s recommended updates pursuant to its Solvency Modernization Initiative....more

Alaska Issues Bulletin On Regulations Modifying Surplus Lines Requirements

by Carlton Fields on

Alaska’s Division of Insurance has released a bulletin notifying licensees, surplus lines insurance companies in the State of Alaska, and other interested parties that it has adopted regulations modifying surplus lines...more

Financial Regulatory Developments Focus - July 2014 #3

by Shearman & Sterling LLP on

In this issue: - Derivatives - Compensation - Bank Prudential Regulation and Regulatory Capital - Recovery & Resolution - Credit Ratings - Insurance - Financial Services...more

Government releases discussion paper on North Queensland insurance costs

by DLA Piper on

The paper released by the Government canvasses a number of policy options for addressing the high cost of home and strata insurance in North Queensland. The Government is seeking the public’s and the business community’s...more

The Qatar Financial Centre Regulatory Authority Issues New Rules for Insurance Firms Operating from the Qatar Financial Centre

by White & Case LLP on

The Qatar Financial Centre Regulatory Authority (“the QFCRA”) has recently issued new rules which amend the Insurance Business Rules 2006 (PINS) (the “2006 Rules”). The Insurance Business (Risk Management Capital Adequacy and...more

Massachusetts Legislature Considers Unemployment Insurance Reform and Minimum Wage Increase

Increasing the minimum wage and reforming the unemployment insurance (“UI”) system in Massachusetts are the two major employment issues facing the 2013–2014 Legislature, which comes to a close on July 31, 2014. The Senate and...more

North Carolina Unemployment Insurance Reform

by Smith Anderson on

In this Presentation: - The Push for Reform - House Bill 4 - Increased UI Tax Rates - Reduction in Weekly Benefit Amount - Reduction in Duration of Benefits - Waiting Week for Each...more

English Law Commission Moves Forward with Review of Insurance Law

by Morgan Lewis on

Newly published draft clauses include proposed changes to the current law, but disputes may arise. The latest step in the English Law Commission’s review of insurance law was announced on 28 January, with the Law...more

Insurance Topics We Will Be Watching in 2014

With the first month of the year behind us, this report outlines major insurance topics that we will be watching throughout 2014. Forces, trends and events that we believe will affect regulation, transactions and...more

Reforms to the insurance sector in India: The wait continues

by DLA Piper on

The winter session of the India parliament concluded on 20 December 2013. Against the backdrop of the slowing growth rate and demands from the investment community for economic reforms, one critical piece of legislation that...more

FIO Focus, Issue No. 46: Congressional Hearing on the FIO's Modernization Report 02.06.14

by Nelson Brown & Co. on

Devoted to exploring the progress of the modernization of the insurance industry, FIO Focus provides information and insights about the organizations and issues that are driving change and influencing the future of the...more

Reforms to the insurance sector in India: the wait continues

by DLA Piper on

The winter session of the India parliament concluded on December 20,2013. Against the backdrop of the slowing growth rate and demands from the investment community for economic reforms, one critical piece of legislation that...more

FIO Report Sets the Agenda for Discourse on the Future of Insurance Regulation

On December 12, 2013, the Federal Insurance Office (FIO) of the U.S. Department of the Treasury released its much anticipated study, How to Modernize and Improve the System of Insurance Regulation in the United States...more

Federal Insurance Office Unveils Long-Awaited Modernization Report

by K&L Gates LLP on

On December 12, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) released and submitted to Congress its long-awaited report on How To Modernize And Improve The System Of Insurance Regulation In The United...more

FIO Focus - December 2013, Issue No. 44

by Nelson Brown & Co. on

The Federal Insurance Office (FIO) released its long-awaited report, "How to Modernize and Improve the System of Insurance Regulation in the United States" (Report) on December 12, 2013. In its Report, the FIO acknowledges...more

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