United States: Insurance

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.

No Coverage Under Loan Policies When Loans Are Fully Repaid – The Centerpoint case reaffirms that lender title insurance policies provide no coverage if the insured loan is paid in full.

In this episode of "In The Know," Alexander B. Corson of Lowenstein Sandler's Insurance Recovery Group breaks down the critical difference between a claim and a potential claim under D&O insurance policies.

Ready, set . . . burn? Luxury car aficionados are mourning the loss of nearly 4,000 vehicles that set ablaze in the middle of the ocean. Yes, dear reader, you read that correctly: cars have caught fire on water.

While traditional investments struggle with single-digit returns, reinsurance sidecars are delivering up to 30%+ returns to institutional investors.

Broadly, the proposed reduction in reporting requirements will be welcome, especially for transactions classified as "private securitisations" (although the detail of such changes will not be available for some time).

U.S. life carriers engaging in "asset intensive reinsurance transactions" should consider new requirements for reporting and actuarial testing...