InsureReinsure

InsureReinsure, published by Troutman Pepper Locke, focuses on the regulatory and compliance aspects of surplus lines insurance. The blog covers topics such as the distinctions between admitted and surplus lines markets, the roles and responsibilities of surplus lines brokers, and the regulatory frameworks governing group insurance under the Nonadmitted and Reinsurance Reform Act (NRRA). It also addresses state-specific insurance developments, including licensing, tax obligations, and enforcement actions. Additionally, the blog discusses industry leadership changes, state regulatory bulletins, and emerging issues like the use of artificial intelligence in insurance. The content is aimed at professionals navigating the complexities of surplus lines and insurance regulation.

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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…

Locke Lord is proud to host the 2023 Insurance Forum, presented by The Insurance Forum Foundation at the Chicago office on November 2, 2023. Paige Waters, will moderate a panel that will discuss Artificial Intelligence in the Insurance Industry.…

On June 23, 2023, the Connecticut Insurance Department (the “Department”) issued a press release announcing Governor Ted Lamont signed Public Act No. 23-15, An Act Concerning Captive Insurance Companies, (the “Act”) into law.  Effective October 1, 2023, the Act makes…

The 88th Regular Session (2023) of the Texas Legislature voted to enact Senate Bill 833 (“SB 833”), ‎‎which aims to prohibit ‎insurers operating in Texas from using environmental, social, or governance ‎‎‎(“ESG”) models, ‎scores, factors, or standards to charge different…