Searching Content indexed under Insurance by Akin Gump Strauss Hauer & Feld LLP ordered by Published Date Descending.
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Additional States Adopt Cybersecurity Requirements For Insurance Companies
Since July 1, 2019, Delaware, New Hampshire and Connecticut have enacted laws imposing new cybersecurity requirements on insurers. These laws follow similar statutes already operating
United States
23 Sep 2019
Goggin And The D&O Insurance ‘Capacity' Exclusion: A Potential Coverage Gap For Private Equity And Other Investor-Designated Directors
Private equity sponsors, hedge funds, and other investment entities who bargain for seats on their portfolio companies' boards often assume that their director-designees will be fully covered
United States
20 Jun 2019
Kentucky Adopts First Legislation Creating An InsurTech Innovation "Sandbox."
Kentucky House Bill 386 is the first comprehensive framework for an insurance regulatory "sandbox" in the nation. It allows companies, even those without an insurance license,
United States
22 Apr 2019
Second Circuit And New York Appellate Division Decisions Affirm Pro-Arbitration Policies
In Deasang Corp. v. NutraSweet Co., the Appellate Division overturned a ruling by a lower court vacating an arbitral award on the ground that the arbitral panel ...
United States
8 Feb 2019
DFS Issues Guidance To Life Insurers On Use Of "External Data" In Underwriting Decisions
On January 18, 2019, New York's Department of Financial Services (DFS) issued Circular Letter No. 1 (2019) ...
United States
5 Feb 2019
California Public Disclosure Rule May Mean Trouble For Insurtech
Over the past several years, tech-savvy players and start-ups have been bursting into the insurance sector in droves.
United States
12 Sep 2018
House Committee Considers Impact Of Autonomous Vehicles On Insurance Models
Limited access to autonomous vehicle operations data remains a key barrier to insurance companies' development of adaptive insurance policies.
United States
31 May 2018
Insurtech Companies Not Invited To Play In Arizona's Fintech Sandbox
Last month Arizona became the first U.S. state to enact a law (H.B. 2434) establishing a fintech regulatory sandbox program to facilitate the growth of innovative financial products and services.
United States
23 Apr 2018
How To Protect Against Cyber Risks
Akin Gump recently attended a conference held by Advisen that focused on exploring cyber risks and how companies can mitigate potential exposure.
United States
27 Feb 2018
Congress Makes Key Changes To Medicare Physician Payment Programs As Part Of Short-Term Government Funding Bill
Significantly, Section 2205 rewrites MACRA to limit the MIPS payment adjustment's application to the cost of clinician services and prohibits its application to separately billed items, such as Part B-covered drugs and biologics.
United States
12 Feb 2018
Zenefits' Saga In Washington State Continues: Reviewing Officer Reverses ALJ And Finds That Provision Of Free Software To General Public Constitutes Improper Rebate
This is a significant step backward from the general trend, which has been to approve these arrangements because they ultimately benefit consumers.
United States
6 Dec 2017
National Association Of Insurance Commissioners Issues Insurance Data Security Model Law
NAIC recently adopted an Insurance Data Security Model Law that follows the risk assessment-based approach of the New York DFS Cybersecurity Regulation.
United States
7 Nov 2017
Washington Administrative Law Judge: Zenefits' Provision Of Free Software To General Public Does Not Constitute An Improper Rebate, But Its Provision Of "Full HR Integration" To Purchasers Of Insurance Does
From 2013 to 2015, California-based insurance producer Zenefits' meteoric rise took the insurance world by storm, with the company reaching a valuation of $4.5 billion within two short years.
United States
7 Nov 2017
Bay Area Conference Sheds Light On Emerging Cyber Insurance Considerations
On October 11, 2017, the National Association of Insurance Commissioners and the Stanford Cyber Initiative held a joint conference on various topics related to cyber insurance.
United States
7 Nov 2017
Insurance Regulators And Startups Discuss Pitfalls And Engagement At Insuretech Connect 2017
It is no secret: investors are pouring money into insurtech startups with the goal of transforming the insurance industry.
United States
17 Oct 2017
HB 1774's "Hail Bill" And Hurricane Harvey-Time For Action
Akin Gump understands that the epic flooding caused by Hurricane Harvey invokes many human emotions, including fear of loss and dread of having to rebuild.
United States
5 Sep 2017
Future Of Insurtech: Opportunities And Challenges
The emerging insurtech industry is growing at breakneck speed. While in 2011 insurtech startups received $140 million in funding from 28 total deals, investment increased more than tenfold in 2016, ...
United States
27 Jul 2017
Louisiana Insurance Regulator Confirms Innovator-Friendly Approach to Anti-Rebating
The practice of rebating has long been prohibited in nearly every state across the country.
United States
3 Apr 2017
What's New In Washington: 10 Things You Need To Know—March 16 Edition
The Trump presidency is halfway through its first 100 days. The legislative and executive branches are under a unified Republican government for only the second time since the Eisenhower administration, and the GOP is seeking to use this rare opportunity to advance its policy agenda.
United States
21 Mar 2017
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