North America: Insurance

The Bermuda Monetary Authority (the "Authority") has issued a guidance note effective January 1, 2025, the aim of which is to ensure stakeholders have a clear understanding of the regulatory regime for segregated accounts and separate account companies in Bermuda.

If last year's first ReConnect conference embodied a successful proof of concept, the second iteration has not only maintained momentum, but leveraged last year's foundation to propel towards greater success.

The Bermuda Monetary Authority ("BMA") has issued clarifying guidance (the "Notice") on its approach to the prior approval scope and process for new long-term block reinsurance transactions.

Bermuda's regulatory framework requires every insurance company registered under the Insurance Act 1978, including those without a physical presence on the island, to appoint a principal representative...

When personal injury attorneys face a defendant who files for bankruptcy, progress on the case suddenly halts as the automatic stay takes effect.

In Kew Estate v. Konarski, the Court upheld a damages award to an estate after the defendant wrongfully took and dismantled a vintage Corvette with significant sentimental and collector value.

The State of Michigan has approved new laws requiring health insurance companies to cover the diagnosis and treatment of autism spectrum disorders (Public Acts 99 and 100 of 2012, enacted on April 18, 2012).

The State of Michigan has approved new laws requiring health insurance companies to cover the diagnosis and treatment of autism spectrum disorders (Public Acts 99 and 100 of 2012, enacted on April 18, 2012).

The U.S. District Court for the Northern District of California, in an opinion dated May 24, 2012, holds that Section 3 of the Defense of Marriage Act, which defines "marriage," is unconstitutional to the extent that it limits same-sex couples from participation in the long-term care insurance program maintained by the California Public Employees’ Retirement System.