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  1. Services
  2. Insurance & Reinsurance

Perspectives on Insurance & Reinsurance

91 total results. Page 1 of 4.

Press Release
ArentFox Schiff Attorneys Recognized by Best Lawyers, Ones to Watch, and Lawyers of the Year for 2024
August 17, 2023
ArentFox Schiff is pleased to announce that 130 attorneys have been recognized by The Best Lawyers in America 2024, with an additional four attorneys highlighted as “Lawyers of the Year” and 69 attorneys listed as “Ones to Watch.”
Alerts
ArentFox Schiff Secures Win for Life Settlement Investor in Arizona Supreme Court
July 31, 2023
Julius A. Rousseau, III, David J. Ward, Andrew Dykens
ArentFox Schiff represented a securities intermediary in a suit brought by an insurance company in federal court in Phoenix challenging the validity of a $2.5 million life insurance policy owned by the securities intermediary on behalf of an investor.
Alerts
New York Pushes For New Cybersecurity Requirements For Financial Services Companies
July 7, 2023
Anna Mandel, Richard G. Liskov, Elliott M. Kroll
The New York State Department of Financial Services (DFS) has set forth a revised proposed second amendment to 11 NYCRR Part 500, the regulation regarding cybersecurity requirements for financial services companies (the Second Amendment).
Alerts
Legislation Introduced Adding Exception to Diligent Effort Requirement In New York For Certain Excess Line Policies
May 17, 2023
Elliott M. Kroll, Anna Mandel, Richard G. Liskov
Almost all states promulgate regulations regarding “diligent efforts” that licensed excess line brokers must perform while wishing to offer permissible coverage from unlicensed insurance companies in that state’s market, when no coverage or an insufficient amount of insurance is available.
Alerts
Reinstated HUD Rule Makes It Harder for Insurers To Defend Fair Housing Act Discrimination Claims
March 30, 2023
Anna Mandel, Richard G. Liskov
On March 17, 2023, the US Department of Housing and Urban Development reinstated a 2013 discriminatory effects rule regarding liability under the Fair Housing Act (42 U.S.C. 3601 et seq.). In doing so, HUD rescinded a 2020 rule regarding proving liability under the Act.
Press Release
ArentFox Schiff Welcomes Insurance Partner Huhnsik Chung in New York
December 13, 2022
ArentFox Schiff is pleased to announce the addition of Partner Huhnsik Chung to the firm’s Complex Litigation and Insurance & Reinsurance groups. Based in the New York office, Huhnsik brings more than three decades of experience advising clients nationally and internationally.
Alerts
Harvard, Like Many Students, Misses Application Deadline, Resulting in a $15 million Insurance Coverage Error
November 10, 2022
Les Jacobowitz, Brian Farkas, Anna Mandel
Harvard University must pay its own defense costs in the ongoing legal challenges to its affirmative action program after losing a battle with its insurance carrier, Zurich American Insurance Company (Zurich).
Press Release
ArentFox Schiff Earns 53 Top-Tier “Best Law Firms” Rankings
November 3, 2022
ArentFox Schiff has been recognized with 53 top rankings in the 2023 edition of US News – Best Lawyers® “Best Law Firms.”
Alerts
NYS DFS scores Big Win in New York Court of Appeals
October 27, 2022
Anna Mandel, Richard G. Liskov
On October 20, 2022, the New York Court of Appeals ― the highest court in New York ― issued its opinion in In the Matter of Independent Insurance Agents and Brokers of New York Inc., et al. v. New York State Department of Financial Services, et al.
Alerts
Georgia Supreme Court Holds Life Insurance Policies Taken Out With Intent to Sell are Lawful
October 27, 2022
Julius A. Rousseau, III, James M. Westerlind, Lee A. Pepper, Andrew Dykens, David J. Ward, Franjo M. Dolenac, Anna Mandel
On October 25, 2022, the Supreme Court of Georgia answered a certified question from the Eleventh Circuit Court of Appeals concerning Georgia’s insurable interest statute, OCGA § 33-24-3 (1995).
Alerts
WorldSmart: Navigating the Evolving Global Insurance Market
August 29, 2022
Hunter T. Carter, Malcolm S. McNeil, Elliott M. Kroll
In the last few years, global insurance markets have faced unprecedented challenges from climate change disasters, cyber security threats, and cryptocurrency.
Press Release
ArentFox Schiff Attorneys Recognized by Best Lawyers and Ones to Watch for 2023
August 18, 2022
ArentFox Schiff is pleased to announce that 121 attorneys have been recognized by The Best Lawyers in America 2023, with an additional six attorneys highlighted as “Lawyers of the Year” and 40 attorneys listed as “Ones to Watch.”
Alerts
Second Circuit Rules That the Filed-Rate Doctrine Bars the Recalculation of Approved Auto Insurance Rates
June 3, 2022
Kaila D. Clark, Richard G. Liskov, Elliott M. Kroll, Julius A. Rousseau, III, James M. Westerlind
On May 25, 2022, in Grossman v. GEICO Cas. Co. (No. 21-278), the Second Circuit Court of Appeals affirmed the District Court’s dismissal of an attempted class action by two automobile policyholders alleging that GEICO unjustly retained windfall profits on personal auto insurance policies.
ArentFox Schiff Insurance & Reinsurance
Alerts
The Delaware Supreme Court’s Second Major Opinion on the Secondary Life Market Offers Substantial Protections for Investors
June 2, 2022
Julius A. Rousseau, III, James M. Westerlind, Andrew Dykens, Anna Mandel
On May 26, 2022, the Supreme Court of the State of Delaware issued its decision in Wells Fargo Bank, N.A. and Berkshire Hathaway Life Insurance Company of Nebraska v. Estate of Phyllis M. Malkin (19-14689, 17-cv-23136, 172, 2021) (“Malkin”).
Press Release
Chambers USA Ranks 66 ArentFox Schiff Attorneys and 25 Practices Among Nation’s Best
June 2, 2022
The 2022 edition of Chambers USA: America’s Leading Lawyers for Business has recognized 66 ArentFox Schiff attorneys as leaders in their field.
Press Release
ArentFox Schiff Secures Jury Verdict for Investor in STOLI Trial
May 23, 2022
On May 17, 2022, ArentFox Schiff secured a jury verdict rejecting claims brought by an executor seeking the proceeds of a $1.5 million life insurance policy in the most recent development in so-called “estate cases” brought under Delaware law.  
Events
Practising Law Institute Presents The Basics of U.S. Insurance Regulation - What Every Corporate and Finance Lawyer Needs to Know About How States Regulate Insurance Companies
May 2, 2022
Richard G. Liskov
Please join Richard G. Liskov, Senior Counsel at ArentFox Schiff LLP and former Deputy Superintendent and General Counsel of the New York Insurance Department, as he provides a primer as to how insurance is regulated in the U.S.
Alerts
Massachusetts High Court Finds COVID-19 Income Loss Excluded From “All-Risk” Business Insurance Policies
April 26, 2022
James M. Westerlind, Kaila D. Clark
On April 21, 2022, the Supreme Judicial Court determined that various losses incurred by businesses from the COVID pandemic were not a “direct that various losses incurred by businesses that stemmed from the COVID-19 pandemic were not a “direct physical loss of or damage to” their properties.
Alerts
Supreme Court Declines To Revisit Enforcement of Arbitration Clause by Foreign Insurer
February 9, 2022
Hunter T. Carter, Brian Farkas
Foreign insurers can feel more confident in their ability to enforce international arbitration clauses in American courts. Last month, the US Supreme Court declined to reverse a decision of the US Court of Appeals for the Ninth Circuit that allowed Lloyd's of London to compel arbitration.
Alerts
New York To Regulate Pharmacy Benefit Managers
January 11, 2022
Richard G. Liskov, Elliott M. Kroll, Julius A. Rousseau, III, James M. Westerlind
Under legislation signed on December 31 by Governor Kathy Hochul, (S.3762/A. 1396; L2021, ch. 828), all pharmacy benefit managers operating in New York State will be required to register with the State Department of Financial Services (DFS) by April 1, 2022, and thereafter to be licensed.
Press Release
Schiff Awarded 39 Top “Best Law Firms” Rankings for 2022
November 4, 2021
Schiff Hardin LLP has received 39 top-tier rankings in the 2022 edition of U.S. News – Best Lawyers® “Best Law Firms,” nationally recognizing the firm’s premier practices.
Alerts
Federal Insurance Office Gently Turns Up the Heat On Global Warming
September 22, 2021
Richard G. Liskov
In a recent notice to the industry the Federal Insurance Office (“FIO”) set forth a series of requests to both life and property/casualty insurers for information as to the impact of climate change on both their insurance risks and asset valuations affecting their solvency. See Federal Insurance Off
Alerts
Arent Fox Represents Opt-Out Plaintiffs in Coordination with Class Actions Against Universal Life Insurance Carriers for Unlawful Cost-of-Insurance Increases
September 22, 2021
Julius A. Rousseau, III, Franjo M. Dolenac
The absence of insurance regulations to limit or deter unlawful cost-of-insurance (“COI”) increases for universal life insurance (“ULI”) policies has resulted in a flurry of class action activity against carriers.
Press Release
More Than 65 Arent Fox Attorneys Recognized in Best Lawyers 2022
August 20, 2021
Sixty-nine Arent Fox LLP attorneys have been rated as leaders in their profession by The Best Lawyers in America 2022.
Alerts
HUD Will Once Again Subject Homeowners Insurers To Discriminatory Effects Scrutiny
June 29, 2021
Richard G. Liskov, Elliott M. Kroll, Julius A. Rousseau, III
On June 25 the federal Department of Housing and Urban Development announced that it would re-codify its 2013 regulation subjecting the practices and policies of homeowners insurers to scrutiny under a disparate impact standard as a means of enforcing the Fair Housing Act.

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