US, EU Insurance Talks Could Undermine States' Authority
Law360, Los Angeles (February 24, 2016, 10:06 PM EST) -- The U.S. and European Union have begun negotiations for a bilateral deal to place their insurers and reinsurers on equal footing, putting state insurance regulators on edge about the potential federal preemption of state laws governing collateral requirements for foreign reinsurers doing business with U.S.-based carriers.
During a meeting in Brussels last week, the two sides roughly sketched out the parameters of a so-called covered agreement to deem U.S. insurance and reinsurance regulations as fitting within the EU regulatory system, which was drastically overhauled at the start of this year.
As part of the deal, U.S. and EU negotiators may scale...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!