On January 2, 2024, the United States Court of Appeals for the Tenth Circuit (“Tenth Circuit”) denied the State of Oklahoma’s motion for a stay pending appeal to the United States Supreme Court and one week later transferred jurisdiction back
Locke Lord
Locke Lord is a global law firm that publishes blogs covering a wide range of legal practice areas and industries. Its content addresses topics such as energy, financial services, health care, insurance, private equity, real estate, bankruptcy, construction, corporate law, consumer financial services, employee benefits, environmental law, finance and banking, government and regulatory matters, and intellectual property. The firm provides insights on regulatory developments, litigation, transactional matters, and industry-specific challenges, including emerging issues like artificial intelligence in insurance. The blog serves as a resource for legal professionals and clients seeking updates and analysis on complex legal and regulatory topics across multiple sectors.
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Latest from Locke Lord - Page 8
Join Us for the First in Our Series on AI
By Tvasil
Increased use and influence of artificial intelligence systems by companies and consumers bring with them new and dynamic oversight, compliance, governance and disclosure challenges. Legal and risk management professionals must develop processes and policies for AI tools that work within…
Artificial Intelligence Regulation in the Insurance Industry – 2023 a Year in Review
2023 has been a very productive year for regulators advancing their efforts to understand new technologies and consider whether and how to regulate the rapidly developing technologies, including artificial intelligence, predictive models and algorithms. Keeping in mind that existing insurance…
Tenth Circuit Denies En Banc Hearing in PBM Case, Will the Supreme Court Hear the Case?
By Daniel Barry
On December 12, the United States Court of Appeals for the Tenth Circuit (“Tenth Circuit”) denied en banc hearing to the Attorney General of the State of Oklahoma in Pharmacy Care Management Association v. Mulready.[1] The Oklahoma Attorney General’s…
December 2023 Privacy & Cybersecurity Newsletter: A Busy Year-End (States, EU, UK, Incident Response and Litigation)
By Tvasil
Visit Locke Lord’s Privacy & Cybersecurity Resource Center for topical, practical snapshots of recent developments in the fast-changing world of privacy, data protection and cyber risk management.
In this issue:
STATE DEVELOPMENTS
U.S. State Privacy Laws: California, Colorado, Connecticut, Delaware…
NAIC H Committee Pre-Fall National Meeting
By Daniel Barry
This coming Friday the Big Data & Artificial Intelligence (H) Working Group, the Privacy Protections (H) Working Group, and the Innovation, Cybersecurity, and Technology (H) Committee will all meet as part of the Fall National Meeting of the National Association…
Colorado Proposes Guidance Bulletins for Life Algorithms & Predictive Models Regulation
By Daniel Barry
On November 20, 2023, the Division of Insurance of the Colorado Department of Regulatory Agencies (“DORA”), published for a 9 day public comment period two proposed bulletins which would provide clarifying guidance on the implementation of Colorado Insurance Regulation 10-1-1…
Texas Reduces Surplus Lines Stamping Fee
By Moya McKenna
The Texas Department Insurance (“TDI”) Commissioner Cassie Brown issued an order decreasing the surplus lines stamping fee from .075% to .04% of gross premium resulting from surplus lines insurance contracts. The decrease will apply to new or renewal surplus lines…
NAIC Approaching the Finish Line on Health Insurance Lead Generators
By Daniel Barry
The Antifraud (D) Task Force of the National Association of Insurance Commissioners (“NAIC”) met on October 20, 2023, to discuss comments received on the August 20 draft revisions to the Model Unfair Trade Practices Act (#880) which would expand the…
NAIC E Committee Expands Guaranty Fund Coverage for IBT and CD Transactions
By Daniel Barry
On October 25, 2023, the Financial Condition (E) Committee (the “E Committee”) of the National Association of Insurance Commissioners (“NAIC”) adopted revisions to the Property and Casualty Insurance Guaranty Association Model Act (#540) which would ensure guaranty fund coverage following…