Insurance Regulatory Blog

Related Practice Areas: Insurance Regulatory

• IFRS 4: WHAT’S IN? WHAT’S OUT?
  Posted October 18, 2011
  

  Author: W. Ed Stephenson

  On Wednesday 12 October 2011 the U.S. Financial Accounting Standards Board (FASB) held an education session to discuss issues related to its Insurance Contracts Joint Project with the International Accounting Standards Board (IASB).  The project …

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• AFFIRMED BY U.S COURT OF APPEALS – TEXAS AUTO INSURANCE CLASS ACTION DISMISSED
  Posted September 23, 2011
  

  Author: Larry Parks
  September 6, 2011

  The United States District Court of Appeals for the Fifth Circuit affirmed the dismissal of the Texas “policy fee” class action for lack of Class Action Fairness Act (CAFA) minimum jurisdiction.  Two of the …

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• TEXAS SUPREME COURT DENIES REVIEW OF “EXPLODING DEMAND LETTER” CASE
  Posted August 11, 2011
  

  Author: Larry Parks

  McDonald v. Home State County Mutual, Ins. Co., 2011 WL 1103116 (Tex. App.—Houston (1st Dist.), 2011), represents the continuing effort of the Texas plaintiff bar to expand the Texas Stowers Doctrine and Texas Insurance Code claims …

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• VIRGINIA SURVIVES THE FIRST SKIRMISH
  Posted August 4, 2010
  

  Author: Bruce McCandless III

  Federal district court judge Henry E. Hudson’s August 2nd decision to let Virginia’s lawsuit against the federal government, Commonwealth of Virginia v. Sebelius, continue is unsurprising. The issue before the judge, after all, was not …

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• PICKING UP AFTER HIGH TIDE: THOUGHTS ON TITLE AGENT INSOLVENCIES IN TEXAS
  Posted July 28, 2010
  

  Authors: Burnie Burner, Bruce McCandless III, and Reed Bates

  One of the lesser-known facets of the collapse of the U.S. housing market involves the Texas title insurance industry—specifically, Texas title insurance agents. In Texas, title …

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• NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS ADOPTS NEW ANNUITY SUITABILITY MODEL REGULATION
  Posted July 12, 2010
  

  Author: Barry G. Skolnick

  At the end of March the NAIC adopted the new Suitability in Annuity Transactions Model Regulation.  The new model replaces and expands upon the original suitability model regulation first adopted in 2003 to cover annuity …

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• TEXAS SUPREME COURT UPHOLDS HEALTH INSURER SUBROGATION RIGHTS
  Posted June 3, 2010
  

  Authors: Larry Parks and Betty DeLargy

  The Texas Supreme Court reaffirmed the right of a health insurer to contractual subrogation against a recovery by the insured In Texas Health Insurance Risk Pool v. Sigmundik, 2010 WL 2136625. …

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• PROPOSED BAN ON DISCRETIONARY CLAUSES IN TEXAS
  Posted June 2, 2010
  

  Author: Bruce McCandless III

  he Texas Department of Insurance has proposed a rule that would prohibit use of discretionary clauses in life, health, and disability insurance policies issued in Texas. Discretionary clauses commonly say the insurer has the right …

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