Committee Activity in Review

As published in the NY Business Law Journal:

winter 2013 NY BUSINESS LAW JOURNAL
INSURANCE law COMMITTEE

The recent months have seen a host of important regulatory developments in the insurance industry, including: initiatives by the New York Department of Financial Services with respect to reserving issues and the use of captive reinsurance by life insurers and on a number of other fronts; related activity and dialogue within working groups of the National Association of Insurance Commissioners; and, at the federal level, the activities of the Federal Insurance Office and the Financial Stability Oversight Council’s steps toward designating some insurance groups as systemically significant financial institutions subject to oversight by the Federal Reserve Board. The Committee plans to review these developments and the Septemoutlook going forward at a meeting to be held in January 2014 in connection with the next Annual Meeting.

--Thomas M. Kelly, Chair

Summer 2012 NY Business Law Journal
Insurance law Committee

In conjunction with the Annual Meeting of the New York State Bar Association in New York City, the Insurance Law Committee met at the New York Hilton on January 25, 2012. The principal discussion was of the current regulatory inquiries and enforcement proceedings regarding escheat of unclaimed life insurance proceeds and death benefit payment practices, and included a presentation on that topic by former New York Superintendent of Insurance Eric Dinallo, now of Debevoise & Plimpton LLP.

-- Thomas M. Kelly, Chair

Winter 2011 NY Business Law Journal
Insurance law Committee

The Insurance Law Committee is composed of New York lawyers who serve clients in the life, property and casualty, health, and the myriad other lines of insurance-related businesses. The committee considers regulatory and transactional issues of importance to in-house law departments and law fi rms. The committee aims to meet at least three times a year and with outside speakers who are expert in their respective fields. The committee follows relevant statutory and regulatory developments such as the consolidation of the New York State Banking and Insurance Departments into the New York State Department of Financial Services.

---Thomas M. Kelly, Chair