Market News
NRRA Files Amicus Brief in Restoration RRG Appeal
The National Risk Retention Association filed an amicus curiae brief in support of Restoration RRG in its recent court appeal, challenging the Wisconsin Department of Safety and Professional Services for discrimination against risk retention groups. Read More
IAIS Launches New Consultation Package
The International Association of Insurance Supervisors (IAIS) has launched a new consultation package and is seeking public feedback via one more upcoming public background session. The consultation focuses on revised Insurance Core Principles (ICPs), ComFrame-specific material, and a new draft "Application Paper on Group Corporate Governance." Read More
Litigation Strategy for Cyber-Security Lawsuits
Liability arising from data breach is of growing concern for all businesses. A January 2017 article in "Pratt's Privacy & Cybersecurity Law Report" discusses basing a motion to dismiss on lack of standing. Read More
CMIC Risk Retention Group Outlook Revised
A.M. Best has downgraded its outlook for the Connecticut Medical Insurance Company (CMIC) Risk Retention Group from positive to stable to "reflect the group's sub-par results reported over the past several years." Read More
IAIS Announces Systemic Risk Assessment and Policy Work Plan
The International Association of Insurance Supervisors (IAIS) is developing an activities-based approach to systemic risk assessment. Read More